Wednesday, November 3, 2010

Florida Housing Sees Steady Interest In Foreclosure Prevention Pilot Program

by on Monday 01 November 2010

More than 600 borrowers in Lee County, Fla., submitted applications last week for financial assistance from the Florida Hardest-Hit Fund (HHF) pilot program administered by Florida Housing Finance Corp. The online application process opened on Oct. 25, and will remain open until 1,000 applications are received.

"HHF advisors in Lee County already have made initial contact with most of these applicants to determine their eligibility for this assistance," says Steve Auger, executive director of Florida Housing. "The information captured by the advisors is an important part of our ongoing communication with the large banks and loan servicers regarding how they can participate with us to help eligible homeowners.”

The fund was established to help unemployed or underemployed homeowners in Florida who are having difficulty paying their mortgages. Currently, the program is available as a pilot in Lee County only and will expand statewide early next year.