Florida Home Loans News mortgage.. Florida homeowners out $250 million in Hardest Hit funds after state passes on mortgage aid. Donald Darden.. which provides financial aid so a student from an underrepresented group can attend the Harvard. Philadelphia, PA Client Thankful for Home.

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Florida’s Hardest Hit Fund got off to a slow start in 2010, a time when housing values had bottomed out and hundreds of thousands of Floridians could neither sell their homes nor afford their.

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Florida homeowners can now apply to the $1 billion Hardest Hit Fund mortgage assistance program under new eligibility guidelines created to allow more people to benefit from the federal plan. The state approved a revamp of the Hardest Hit Fund in April and the U.S. Treasury Department signed-off on the changes in May.

Early in 2010, the U.S. Treasury announced that the Hardest Hit Fund program would provide more than $7.6 billion in aid for homeowners in states hit hardest by the economic crisis. Since then, state housing finance agencies have used the fund to develop programs that stabilize local housing markets and help families avoid foreclosure.

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Despite Florida still being the center of the nation’s foreclosure crisis, state officials chose not to apply for $250 million in federal foreclosure assistance funds.

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See your state’s agency website for the most current information. If your state doesn’t participate in the Hardest Hit Fund, call us at 1-800-848-9380 to discuss your mortgage options. The sooner you call, the sooner we can help. Customer eligibility and programs vary by state and are subject to change.

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