Florida Hardest-Hit Foreclosure Prevention Program Pilot Program

On behalf of Bankruptcy Law Firm of Clare Casas on Friday, December 3, 2010.

Lee County quietly began a pilot program in October, 2010 to help homeowners with temporary hardships catch up their mortgage payments. Funded by the U.S. Treasury Department, the program provided up to 18 months of mortgage assistance or help in bringing delinquent accounts up to date.

In Lee County, 963 homeowners applied for the assistance. Of those applicants, 480 were rejected for various reasons (owned more than one property; were more than 181 days late on payments; or owed more than 400K on their loan). However, 64 homeowners were approved, 108 are still in the pipeline for assistance and 371 are still being reviewed.

Next month, the program goes statewide and homeowners in Dade, Broward and Palm Beach counties will be able to apply for the assistance. Applications will be limited so it’s best to keep tabs on this program and apply as soon as you’re able.

I’ll have more on this program as facts become available.