If you, or someone you know, is going through the foreclosure process you may have heard the term “case management conference”. If you are wondering what that is, here’s the answer.
In terms of foreclosure, a case management conference is when both parties meet to talk about the foreclosure case because nothing has changed. This conference will help decide the next step in the foreclosure process, which can possibly be an alternative to a foreclosure such as a deed in lieu, short sale, or mediation.
However, you should also be aware that a case management conference could potentially speed up the foreclosure process. You should bring documentation for that explains why you have missed your payments.
For the case management conference, both parties may fill out a Case Management Report where they will include information like the date of filing of complaint and status, the status of pleadings of each defendant, the property and the documents. The report also includes the status of loss mitigation, the case, and it documents if any discoveries have occurred.
In addition, the Case Management Report will touch on the status of related cases, the status for trial, and the record activity. All of these components will help the case management conference run more smoothly.
The information needed will be easily accessible and help both parties understand the circumstances and what exactly is going on. Accuracy is important, because the information in the report and brought up at the conference can heavily influence any action taken toward the foreclosure.
The opinions in this post are solely those of the author. The author takes full responsibility for the content. Like all blog posts, this is offered for general information purposes and does not constitute legal advice.
This post was written by Stephen Hachey. Follow Stephen on Google, Facebook, Twitter & Linkedin.
