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Hardest Hit may Avoid Foreclosure in Florida

By Implode-Explode Heavy Industries

"Homeowners facing foreclosure are to be thrown a much needed lifeline when a new scheme gets underway this week. The Florida Housing Finance Corporation is to implement a $1 billion program geared toward preventing closure wherever possible for those facing the greatest degree of financial hardship. The aptly named ?Hardest Hit? program has been modified accordingly to offer the greatest scope for assistance across the state, potentially assisting with six-months of mortgage payments up to a total value of $12,000."

Full post as published by Mortgage Lender Implode-o-Meter on March 20, 2011 (boomark / email).