If you have an attorney representing you, then the answer is much less than someone who is representing themselves.
There will be a bit of paperwork needed, like a financial questionnaire or some worksheets provided by the mediator, or your lender.
They’ll also require some documentation to back up your financial situation, but your representative should be making sure you are fully prepared with all of the necessary documents ahead of time.
When we help our clients navigate through a mediation, one of our goals is to make it as easy for them as possible. Our attorneys understand that going through financial troubles (not to mention the situation that caused the problem in the first place) is stressful enough.
The last thing you need is to feel overwhelmed by a mountain of paperwork that you’re being expected to chase up.
It can be especially disheartening when all you want is to do a short sale, and you won’t even be keeping the home, anyway!
Just remember, it will be quite a bit easier to work through a few forms now than it would be to explain away a foreclosure to your landlord for the next 7 or so years on every rental or credit application between now and when it finally falls off your credit report.
But that’s just another reason we make it easy for our clients. You have enough to worry about, and as your representative, we’ll make sure that your case is fully prepped before the mediation so we set the stage with the tides being in your favor from the get-go.