Thursday, July 23, 2009

Florida Foreclosure aid program helps 59 homeowners

TALLAHASSEE, Fla. – July 23, 2009 – Florida CFO Alex Sink today announced that the Florida Attorneys Saving Homes program showed an increase in its success rate following an April 20, 2009, roundtable discussion between the lawyers and Florida leaders that focused on finding ways to keep more Floridians in their homes.

To date, lawyers with the Florida Attorneys Saving Homes program have helped 59 state homeowners prevent foreclosure by successfully negotiating outcomes such as lower interest rates, decreased payments, and even reductions in the principal of the loan.

“I want to thank the thousands of lawyers and top Florida lenders that have stepped up to the plate. I am optimistic that the progress we’ve seen so far will continue and encourage even more success and more cooperation,” says Sink.

According to Sink, the roundtable gave lenders and pro bono lawyers with the program a chance to discuss how to improve their communication and interaction. They also discussed how the new homeowner assistance plan from the Obama Administration affects their work moving forward.

In addition to the Florida Attorneys Saving Homes Program, CFO Sink has also launched the Florida Housing Help Initiative to assist homeowners facing foreclosure. The initiative partners with community organizations and elected officials to hold foreclosure workshops around the state, and over 5,000 families have attended events to date.

To learn more about the Florida Attorneys Saving Homes Program, visit the Florida Department of Financial Services website at: http://www.myFloridacfo.com/Floridahousinghelp/legal.htm

© 2009 FLORIDA ASSOCIATION OF REALTORS®

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