Hardest Hit MEP & Elmore

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Program Details: Modification Enabling Pilot (MEP)/Principal Reduction Program

In mid-March 2013, $50 million in Florida HHF program dollars was earmarked for a principal reduction program that will work in conjunction with a loan modification and provide borrowers with up to $50,000 in principal reduction. This program, called the Modification Enabling Pilot (MEP) program, is still in development.

Once the program is up and running, details (including eligibility criteria) will be posted on the Florida HHF website at www.FLHardestHitHelp.org and on Florida Housing’s website at www.FloridaHousing.org.

Program Details: Elderly Mortgage Assistance Program (“Elmore”)

In mid-June 2013, $25 million in Florida HHF program dollars was approved to be used to assist senior homeowners who are in default under their reverse mortgages due to the inability to pay taxes, insurance and/or association dues. (Learn more about the foreclosure of reverse mortgages.)

Currently, this program is in development and is expected to begin sometime in August 2013. When more information and program participation criteria become available, it will be posted on the Florida HHF official website at www.FLHardestHitHelp.org.

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.

Hardest Hit MEP & Elmore

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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.