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Mortgage Modification/Loss Mitigation Training Workshop

Thu, 10/30/2014 - 5:00am

A free training workshop for attorneys and paralegals regarding Mortgage Modification/Loss Mitigation procedures described in Chambers Guidelines, including use of the DMM portal, for Judge Waites’ cases will be held on the following dates:

November 19, 2014 (9:00 a.m. – 12:00 p.m.)
J. Bratton Davis U.S. Bankruptcy Courthouse
1100 Laurel Street, Columbia, SC
(with video conference participation available from Charleston Courtroom)

December 5, 2014 (9:00 a.m. – 12:00 p.m.)
Charleston Courtroom
145 King Street, Room 225, Charleston, SC
(with video conference participation available from Columbia Courthouse)

As recently presented at the SCBLA paralegal seminar, the use of these procedures has been very successful in other districts. For example, in the first year of implementation in Florida, over 2200 homeowners received mortgage modification or other forms of loss mitigation—a success rate of 75%. Many of the largest secured home mortgage creditors use this procedure. Specialized lender review teams have even approved modifications previously denied. Benefits of the Mortgage Modification/Loss Mitigation procedures include:

  • Use of portal to exchange and transmit information in a real time, transparent, and secure format

  • The procedure populates necessary lender forms correctly and without error to avoid delay

  • Court supervised – court requires parties’ participation and sets reasonable deadlines for the conclusion of the process

  • Preferred by many lenders because of efficiency and low cost

  • Significant benefits to debtors in need of reduced mortgage obligations

  • Debtors’ counsel receives increased no-look fee and early distribution via plan payment.

  • Use of procedures does not delay confirmation due to allowed form plan language

An application to seek approval for CLE credit for the workshops will be submitted to the SC Commission on CLE. Those interested in attending may register by sending an e-mail to The e-mail should indicate which session and location you plan to attend and provide your contact information and SC Bar number.