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Mortgage Modification Mediation FAQs - FLNB

If the debtor cannot devote 31% of their income to their mortgage payment, can they still participate in this program?

  • The 31% minimum is required for the “fast track” program wherein an order granting referral to mediation is automatically entered per Standing Order #5. Debtors who cannot commit 31% of their income may still be eligible to participate but a “non standard” motion must be filed and heard (Motion for Referral to Mortgage Modification Mediation, Non‐Standard Requirements ‐ no local form). 

Does the 31% mortgage payment include taxes, insurance, and homeowners’ association dues/fees?

  • Yes. This amount can include principal, interest, property taxes, homeowners and flood insurance, and association dues (homeowners or condo).

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