Description: This site contains helpful information about Florida's Hardest-Hit Fund program, designed to provide funds and help financially distressed homeowners avoid and prevent foreclosure.
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Florida has the highest number of homeowners nationwide failing to cash in on a federal mortgage program that could save them hundreds of dollars each month. An estimated 81,420 Florida borrowers are not taking advantage of the lower interest rates available through the Home Affordable Refinance Program, or HARP, according to a year-end report from the Federal Housing Finance Agency. The program, which was developed for borrowers who can’t do a normal refinance because their loans are underwater, was schedu
Florida has retained its unwanted crown as the mortgage fraud capital of the country for the fifth consecutive year. Florida experiences more than five times the expected rate of fraud, based on its volume of new mortgage loans in 2013, according to a fraud index released Monday by LexisNexis Risk Solutions. That's far worse than the second-worst state on the list, Nevada, which has slightly more than two times its expected rate of fraud. Rounding out the five worst are New Jersey, Arizona and Illinois. But
Florida’s struggling homeowners are getting another financial boost from the federal government with thousands of dollars added to loan modification benefits and a $10,000 relocation stipend if they can’t keep their home. The U.S. Department of Housing and Urban Development and the Treasury Department announced the changes Thursday to the $29.8 billion "Making Home Affordable" program, which was created in 2009 to stem foreclosures. In Florida, 274,850 homeowners have started a trial loan modification since