TALLAHASSEE, Fla. – April 6, 2011 – About 40,000 struggling Florida homeowners may soon get federal help making mortgage payments in an effort to help stave off foreclosure.
The Florida Housing Finance Corp. announced Tuesday it is expanding the federal Hardest Hit Fund statewide.
The $1 billion fund will help eligible homeowners make mortgage payments for up to 6 months. Homeowners must be unemployed or their housing cost must be 31 percent or more than their income. Delinquent homeowners who are now able to start making payments could also get help getting current on their loans. Read More.