What Takes Place at a Settlement Meeting?

That was noted by Jay Rothman, Most jurisdictions require the parties and their attorneys to attend a settlement meeting in person. This is a crucial meeting that can assist in settling your case, especially if you are nearing trial or a contested hearing.

It is a good idea to plan ahead of time for your conference. This entails having a basic summary of your case's facts, including a description of the contested issues and what you believe you have to prove at trial.

The key to a successful conference is to concentrate on the subjects rather than personal feelings or ideas about the opposing party. It is necessary to be a passionate supporter, but it is also important not to go too far and make personal attacks or disrupt the opposing party's presentation.

Prepare copies of the case papers and other materials for your conference. Copies of the mortgage, note, and loan modification papers; documents of the Pooling and Service Agreement if there are investor restrictions; any refusal letters from the lender or other loss mitigation options; and other pertinent material.

During the conference, each party can make a settlement proposal to the other party. Changes to the loan conditions, selling at a short sale, or consenting to a deed instead of foreclosure are all possibilities.

The goal is to resolve the matter as soon and as peacefully as possible. This can save money and time on pre-trial motions, temporary hearings, and trials.