Real Estate Foreclosures, Miami Beach Real Estate

Florida to Get $541 Million in Foreclosure Funds

More than $540 million in federal grants will be given to Florida state and local governments to buy wrecked property and assist low-income residents purchase

Florida foreclosures.

U.S. Housing and Urban Development Secretary Steve Preston announced Friday that the state of Florida will receive $541 million in new federal foreclosure funds to prevent further home loan defaults and fight the damage caused by the rising number of abandoned properties.