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MMM: The Bankruptcy Modification Program Banks Don’t Want You to Know About

With results yielding approximately 75% success rates , it is no surprise that more and more homeowners are turning to Mortgage Modification Mediation (MMM program) in bankruptcy. I’m sure your wondering - Why is the MMM program so successful?

Additional resources provided by the author

i. The Orlando Division of the Bankruptcy Court in the Middle District of Florida MMM program reported success rate of 73% for 2012 and 86% for January, 2013. The success rate is based on lenders providing a proposed modified mortgage to the homeowner.
ii. http://www.propublica.org/article/bank-of-america-lied-to-homeowners-and-rewarded-foreclosures
iii. Case no: 12-bk-05241-JAF

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