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FL homeowners flock to principal reduction program

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The Florida Hardest Hit Principal Reduction (HHF-PR) program, which offers assistance to underwater homeowners that meet certain qualifications. Has anyone gone through this program and successfully received an assistance. A good friend of mine is starting the process and said he can’t find any info on it, aside from the website.

In the Chicago area, 215,863 homeowners are seriously. share of loans that qualify for the principal reduction program. Only New Jersey has a higher proportion of severely troubled loans. Also high.

Florida housing officials are expanding. the agency didn’t transfer some of the $50 million to a program that helps homeowners still paying their mortgages? called hardest Hit Fund Principal.

A new principal reduction program in the state of Florida has been flooded with interest from underwater homeowners in the state. Using funds from the federal government’s Hardest Hit Fund, the.

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The Hardest Hit Principal Reduction program reopens today at 9 a.m. for Florida homeowners upside down on their mortgage but current on payments. The program offers up to $50,000 to pay down mortgage debt, but is doled out on a first-come, first-served basis and there is about $248 million left in the coffers.

The Principal Reduction program provides assistance to eligible homeowners who have remained current on their payments and who owe at least 115 percent more on their home than its current market value, commonly referred to as the home being "underwater." The Florida Hardest-Hit Fund Principal Reduction (HHF-PR) program is designed to assist.

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Florida Housing launched its principal reduction program a year ago, following criticism that its $1 billion share of federal Hardest Hit funds was reaching too few homeowners in a state with the.

Programs / Homeowners Florida Housing also offers assistance to homeowners such as: Florida Hardest-Hit Fund , foreclosure counseling program and SHIP Disaster Relief Programs .

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109G Principal Reductions in Loan Modifications Thank you for using the official Florida Hardest-Hit Fund Principal Reduction (HHF-PR) Website! ATTENTION HOMEOWNERS IMPORTANT PROGRAM UPDATE Applications for Florida Hardest-Hit Fund Programs has closed. If you are already in the application process, please contact your assigned advisor for.

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