Order On Motion For Deferral To Mortgage Modification Mediation Program {MMM Form 3}

MMM Form 3 - ORDER ON MOTION FOR REFERRAL TO MORTGAGE MODIFICATION MEDIATION PROGRAM. This form is an order issued by the U.S. Bankruptcy Court for the District of Arizona, granting a debtor's motion to participate in the Mortgage Modification Mediation (MMM) Program. The order establishes the procedures and requirements for both the debtor and lender to engage in good faith mediation regarding a potential mortgage modification. It sets deadlines for registration, submission of required documents, and participation in mediation conferences through the MMM Portal. The mediator's role, compensation, and authority are outlined, along with provisions for handling loan transfers, reaching trial or final loan modification agreements, and reporting outcomes to the court. If mediation fails, the order specifies the next steps for the debtor, including filing an amended repayment plan in Chapter 13 cases. Additionally, it modifies the automatic stay to facilitate mediation and warns of potential sanctions for non-compliance. The order remains in effect unless the bankruptcy case is dismissed or transferred out of the district. www.FormsWorkflow.com