Florida Hardest Hit Fund

aadmii-sledge-hammer-15494292Florida Hardest Hit Fund

In 2010, the U.S. Department of the Treasury created the Hardest Hit Fund to provide targeted aid to homeowners in those states most affected by the housing market crash. As part of this program, $7.6 billion in aid was allocated to the 18 states, along with Washington, D.C., that experienced the most extreme home price declines and high unemployment rates as a result of the economic crisis.

Florida was awarded over $1 billion in funds through the Hardest Hit Fund to help eligible homeowners avoid foreclosure.

As of the end of November 2013, Florida has distributed only 26% of its designated funds.

The Florida Hardest-Hit Fund

Unemployed and underemployed homeowners who have fallen behind in their mortgage payments can use HHF funds to bring their loan current and/or cover future mortgage payments.

There are two programs currently available under Florida’s HHF program, as well as two programs that are in development:

  • the Unemployment Mortgage Assistance Program (UMAP)
  • the Mortgage Loan Reinstatement Payment (MLRP) Program
  • the Modification Enabling Pilot/principal reduction program (not yet available), and
  • the Elderly Mortage Assistance Program (not yet available).

Priority Appraisal and Mortgage Services Inc. is a residential appraisal firm experience in all areas of residential appraising in the Tampa Bay area. Focused in the Pasco, Pinellas and Hillsborough counties for the past 14 years. At Priority Appraisal and Mortgage Services, Inc. our customers are our priority. We provide fast accurate appraisals in a timely manner. We go above and beyond to fulfill your needs with any and all additional market information to serve your requirements.

For more appraisal info visit: http://PriorityAppraisalandMortgageServicesInc.appraiserxsites.com or call Shari Peterman directly at 727-505-6706. I look forward to hearing from you.

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Shari has lived in the Tampa Bay area since 1984. She has been appraising for over 20 years. She is the past president of the NAIFA Tampa Bay chapter and Vice President of the ASA Tampa Bay Chapter. She has a business management and administration degree from Rasmussen College. Shari has founded several local networking groups and volunteered extensively for local charities. Shari specializes in actual cash value (FEMA 50% rule) appraisals but also completes appraisals for other purposes such as lending, estate settlement and estate planning.