Thursday, July 30, 2009

Florida Foreclosures, Miami Real Estate

New Federal Housing Administration loan assistance

The government will announce Thursday that loans backed by the Federal Housing Administration will be qualified for payment reductions comparable to the Obama administration's loan modification program. Thus helping residents with their Florida foreclosures and Miami real estate properties.

Financially troubled homeowners who have an FHA-insured loan can apply for a adjustment under a program parallel to "Making Home Affordable" to help lower their payments and possibly avoid Florida foreclosure on their Miami real estate property. This will be effective on August 15.

Full Article...Florida Foreclosures, Miami Real Estate

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