Florida’s Hardest Hit Fund Becomes Focus for Help to Homeowners

This is the topic for tonight’s Neil Garfield show. Tune in tonight or down load the podcast:

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Tonight’s Show Features Carolyn Trego, Hardest Hit Administrator for the Law Offices of Paul A. Krasker, P.A.

 There are dozens of programs available in many of the states that could help thousands of homeowners. The problem is that nobody is making application to those programs. So I am publicizing facts about those programs in an effort to encourage homeowners and attorneys to do their homework and to make proper application. It is probably a good idea to utilize the services of the law firms that have already started to concentrate on these programs. These firms are willing to cocounsel with other lawyers who have been litigating cases or web clients that might benefit from these programs.

 The following article was written based upon information provided by a member of the staff of the law firm that appears to be doing a very good job of assisting homeowners, accessing all available remedies —  which might include but is not limited to litigation.

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Quite often I run into homeowners who have had a hardship and do not know what help could be available.  Two years ago, the federal government gave an additional $2 billion to the 18 states and the District of Columbia that were hardest hit in the economic downturn.

State of Florida was allocated $1Billion Dollars has a hardship fund available only to Florida homeowners called Florida’s Hardest Hit Fund.    Most of you Floridians have not heard of the Fund – mostly because it is poorly marketed by the State, but it is real and deserves more attention.  I cannot believe others are not screaming this from the rooftops and foreclosure defense attorneys and loan modification companies are not referring all their clients to see if this Fund can solve the deficiency issues (or at least narrow the gap of deficiency).  

The owners are not charged a fee to apply for or to receive the available funds.  Final decisions are usually rendered within 60-90 days.  You can even continue to pursue a long term modification while receiving the funds.

Two types of homeowners are covered: Unemployed and underemployed due to no fault of their own.  The funding is to help pay the mortgage arrearages and to help pay the future mortgage payments of qualified homeowners. 

Florida’s Hardest Hit Fund has in place two programs: UMAP and MLRP.  Homeowners could qualify for one or both programs at the same time.  The homeowners who qualify may receive mortgage assistance for future payments up to 12 months (capped at $24,000), or until the homeowner finds adequate employment to resume paying the mortgage (whichever comes first), with up to $18,000 available to reinstate a delinquent first mortgage prior to payments being made.   That is a total of $42,000 to eligible homeowners at no cost to them and quick turn-around times.  How is it possible that this is not being better advertised and promoted?

Additionally, for a homeowner who is delinquent but is recovering from unemployment/underemployment (who may now have a job) and now can afford their future payments, they can still receive up to $25,000 as a one-time payment toward reinstatement of their delinquent first mortgage balance. 

HHF assistance is paid directly to the loan servicer/lender for those homeowners deemed eligible to participate in the program.  Eligibility depends on 3 things: Household eligibility, Property eligibility, Mortgage eligibility.

While you can apply online directly to the State website.

To further information, you can contact Carolyn Trego at 877-332-1965 and she will be happy to assist you with your questions and needs.  You may also visit the HHF official website at www.FLHardestHitHelp.org to review eligibility criteria and apply. 

When applying; please use Referral Code 70099 when completing your application so that you will be directed to the Law Office of Paul Krasker for further assistance.

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