July 14, 2015
SLG Client Alert.
From: Spencer Scheer
Subject: Mandatory Mortgage Mediation Program: N. Dist. of CA.
Any lender with loans on property subject to a bankruptcy in the Northern District of California, must be prepared for mandatory mediation, effective Aug 1, 2015! You should also read the attached summary. Some things to note are:
I strongly suggest that any lender that regularly is subject to bankruptcy filings in the N. District of CA, register on the Court portal now, and get required training. Registration is a one-time event and you will avoid having to “scramble” later on
SLG will act as lender counsel in any mediation matter when requested by our clients. If you want to register and want SLG to register as your counsel, please contact me or Joshua Scheer. If you have any questions, please call me.
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