The McCue Law Firm, P.A. Now Offering Service for Loss Mitigation Mediation Program

POMPANO BEACH, Fla. - June 20, 2013 - PRLog -- The McCue Law Firm, P.A. is now offering services through a new government program aimed at helping debtors who want to obtain home loan modifications. In April, the U.S. Bankruptcy Court’s Southern District of Florida launched its Loss Mitigation Mediation (LMM) program, which allows debtors to explore loss mitigation options with their lenders for real estate property in which they have interest and payment obligations. The point of this program is to lower the chances that lenders will act in bad faith when handling requests for loan modifications, and to increase the chances for qualified debtors to reach these agreements with their lenders. Attorneys Lisa and Christian McCue—a husband and wife team of lawyers who serve the Fort Lauderdale, Florida area—are offering assistance to clients who are filing for Chapter 13 bankruptcy and who want to take advantage of the LMM program.

Because the two lawyers are mediators through the LMM program, they know the program much more intimately than many other bankruptcy lawyers. In addition to helping their clients file for Chapter 13 bankruptcy so they can reach the program’s mediation stage, they are also mediating for the clients of other bankruptcy lawyers who want to use this new option.

The LMM program serves as an extremely valuable resource for debtors who are going through the bankruptcy process and who are at potential risk of losing their homes. The traditional method for applying for loan modifications has generally involved lenders acting in bad faith, or simply being sloppy in the handling of debtors’ loan modification requests. In contrast, when debtors file for Chapter 13 bankruptcy and then use this new program, it essentially forces the lenders to act in good faith because of the higher level of accountability that the program provides.

When debtors who have filed for bankruptcy use this program, they are able to use a secure online portal to prepare their debtor’s loan modification packages and to submit the necessary documents to their lenders, according to information provided by the U.S. Bankruptcy Court’s Southern District of Florida. This allows the debtors to have proof that the submissions they made to their lenders were complete, accurate and properly sent, therefore eliminating the need for multiple submissions and unnecessary delays in the lenders’ processing of these applications. Furthermore, mediators can use the portal to file reports and send messages concerning the loan modification applications.

While the local bankruptcy court district’s program is just starting up, a similar program in another district has shown promising results. The LMM program for the U.S. Bankruptcy Court’s Southern District of Florida is modeled after the Middle District of Florida’s program, which has reached a success rate of nearly 80%. These are significant results considering that the success rate for loan modifications using traditional, non-bankruptcy methods is only 4%. It is important to note that many of the individuals who have been successful through the model program were debtors who had previously been denied loan modifications by their banks.

Individuals in South Florida who want to obtain loan modifications with the assurance that their requests are being handled fairly and in a timely order are advised to speak with a legal professional about their options under the LMM program. As experienced bankruptcy lawyers and mediators for this program, the attorneys at The McCue Law Firm, P.A. are fully knowledgeable about how this system works and how their clients can benefit from it. The law firm assists debtors with Chapter 7 and Chapter 13 bankruptcy, as well with various other forms of debt relief. Attorneys Lisa and Christian McCue have more than 36 years of combined experience and are dedicated to helping their clients get back to places of financial stability. More information about The McCue Law Firm, P.A. and its legal team is available at www.mccuelaw.com.