Stipulation And Order Authorizing Loan Modification Directing Treatment Of Morgage Claim {LM-10}

LM-10 - STIPULATION AND ORDER AUTHORIZING PARTIES TO ENTER INTO LOAN MODIFICATION AND DIRECTING TREATMENT OF MORTGAGE CLAIM. This form is used in a Chapter 13 bankruptcy case in the United States Bankruptcy Court, Northern District of New York. It authorizes the debtor(s) and creditor(s) to enter into a loan modification agreement and outlines the treatment of a mortgage claim. The form acknowledges a previous Loss Mitigation Order and specifies that the automatic stay imposed by the bankruptcy filing is modified solely for the purpose of executing and recording the loan modification agreement. It includes a comparison of the current terms of the note and mortgage with the modified terms under the agreement. The form also addresses the secured claim for prepetition mortgage arrears and directs the trustee regarding further payments to the creditor on the claim. The document requires signatures from the debtor(s), their attorney, the creditor's attorney, and the selection of the standing Chapter 13 trustee. www.FormsWorkflow.com