Wednesday, July 29, 2009

$4 Million Made Available For Foreclosure Defense in Florida

A new foreclosure assistance program for the defense of troubled homeowners was announced yesterday by attorney General Bill McCollum and the Florida Bar Foundation.

The money, a total of $4 million over two years, will be distributed through the foundation in annual grants to non-profit organizations that will approve applicants. The money will come from a settlement obtained by the Attorney General's office from Countrywide Financial.

Florida currently has the nation's fourth highest forclosure rate.

Source

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