What information is required for the Foreclosure Diversion Program?
As mentioned above, the plaintiff/lender must provide certain financial forms/questionnaires to the defendant/homeowner at the time the complaint is served. The homeowner must complete and return copies of these forms to plaintiff’s counsel and the court no later than 21 days after the informational session or 42 days after the service of the summons and complaint if no informational session is held. All of the information contained in these completed forms will be used by the plaintiff/lender to prepare any proposals for discussion during mediation. In addition, the mediation order will instruct parties about any other information they must provide, including specific inputs for the FDIC Net Present Value Tool used by the mediator. In advance of the mediation session, plaintiff/lenders will be required to complete and submit court form FDP-02A and defendant/homeowners will be required to complete and submit court form FDP-02B.
