Latest News:

Democratic National Convention: What to watch for at Biden’s nomination party -

Monday, August 17, 2020

Republicans dismiss Trump proposal to delay election -

Thursday, July 30, 2020

Obama calls filibuster ‘Jim Crow relic,’ backs new Voting Rights Act bill -

Thursday, July 30, 2020

Donald Trump suggests delay to 2020 US presidential election -

Thursday, July 30, 2020

US teenager wins $3m playing computer game Fortnite -

Sunday, July 28, 2019

Dozens of mourners ‘killed by Boko Haram’ at a funeral in north Nigeria -

Sunday, July 28, 2019

Dan Coats, Trump’s top intel official, to depart White House -

Sunday, July 28, 2019

Donald Trump’s power dynamic with Nancy Pelosi will be on full display at the State of the Union -

Tuesday, February 5, 2019

Pennsylvania poll: Clinton up by 9 points – QuestCinq.com -

Thursday, July 28, 2016

Your Ports!! – QuestCinq.com -

Wednesday, July 13, 2016

In shadow of Brexit, NATO considers Russian deterrence – QuestCinq.com -

Wednesday, July 6, 2016

Italy vs Spain,England vs Iceland; Boston Red Sox vs Tampa Bay Rays – QuestCinq.com -

Monday, June 27, 2016

Foreign diplomats voicing alarm to U.S. officials about Trump – QuestCinq.com -

Monday, March 7, 2016

Trump grants press credentials to ‘pro-white’ radio show host – QuestCinq.com -

Wednesday, March 2, 2016

Supreme Court rejects Arizona sheriff’s appeal on immigration – QuestCinq.com -

Tuesday, January 19, 2016

Hawking: Humans at risk of lethal ‘own goal’ – QuestCinq.com -

Tuesday, January 19, 2016

ObamaCare supporters see wall of resistance cracking in South – QuestCinq.com -

Saturday, November 21, 2015

Attaque revendiquée par l’EI au Bangladesh: un mort et 80 blessés -

Saturday, October 24, 2015

Russia says wants Syria elections, ready to help Free Syrian Army -

Saturday, October 24, 2015

Hillary Clinton calls Republican’s impeachment vow ‘pathetic’ -

Saturday, October 24, 2015

Florida to reduce mortgage amounts for underwater homeowners

The Florida Housing Finance Corp. announced this morning that it will use $350 million in federal funding to pay down loan amounts for underwater borrowers.

The program, which opens 9 a.m. Wednesday on a first-come, first-served basis, is expected to help 10,000 homeowners initially and then will be reevaluated for possible expansion.

Principal reduction, while controversial, is considered by many homeowner advocates as the most effective way to keep people from defaulting on their loans.

Money used for the new program is coming from the $1 billion Florida received in Hardest Hit Fund money.

To be eligible for the principal reduction money, borrowers must be current on their mortgage payments, Florida residents, U.S. citizens, live in their home as their primary residence and owe 25 percent or more on their mortgage than their home’s value.

Unlike previous Hardest Hit plans, homeowners do not have to prove a financial hardship to receive the principal reduction money.

For more information and instructions on how to apply, go to www.principalreductionflhhf.org.

Not all mortgage servicers are participating in the program, although the biggest lenders, including Bank of America, Wells Fargo and JPMorgan Chase have agreed to accept the Hardest Hit money. A list of servicers not participating can be found on the principal reduction website.

By Kim Miller

Source: PalmBeachPost

Comments are closed.

Yahoo! Status Checker by Techya