Most of my clients are aware of my cautionary warnings about mortgage modification programs, insofar as many of them being scams.
This month, the United States Bankruptcy Court for the Eastern District of Wisconsin is introducing their Mortgage Modification Mediation Program, which hopes to give debtors an opportunity to negotiate mortgage modifications with lenders in an arena with greater transparency.
Essentially, this is a voluntary program - the court wields very little compulsory power. At present, only Chapter 13 debtors are eligible. The cost is minimal - a $250 mediator fee shared by the mortgage lender and debtor.