The new principal reduction program through Florida’s Hardest Hit Fund is near to meeting its 25,000-person quota with just 900 spaces remaining for applications.
The program began taking applications Wednesday morning and officials expect the process to close today or early Wednesday. Homeowners who are current on their loan payments but have underwater mortgages can receive up to $50,000 to reduce their principal balances.
“Time is winding down for this process,” said Cecka Rose Green, communications director for the Florida Housing Finance Corporation. “It only takes approximately 10 minutes to complete the application _that’s 10 minutes that could mean more money in the pockets of homeowners each month.”
To learn more about the program and to apply, go to www.principalreductionflhhf.org.
This entry was posted
on Tuesday, October 1st, 2013 at 11:36 am and is filed under Florida economy, Foreclosures, Housing affordability.
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