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Hardest Hit MEP & Elmore

images2Hardest Hit MEP & Elmore

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

Florida Hardest Hit MLRP

cartoon-sledge-hammer-guyFlorida Hardest Hit MLRP

Program Details: Mortgage Loan Reinstatement Payment (MLRP) Program

Assistance under the MLRP Program consists of a one-time payment to bring a delinquent mortgage current for a homeowner who was unemployed or underemployed, but has since returned to work and is now able to make mortgage payments.

Additional criteria. In order to qualify for reinstatement funds, you must show that your monthly payment (principal, interest, taxes, insurance, and association dues of all secured mortgages) is less than 31% of your gross monthly income.

Up to $25,000 is available under the MLRP Program.
How can I receive help during the application process?
If during the application process you are unsure as to how to complete the application, or you have
any questions at all, please click the “Assign Me Now” button, which is located throughout the
application. When you click this button, you will be immediately assigned to an advisor that can
assist you through the application process. Once they have reached out to
you, contact them regarding your questions aboutthe application.

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.

Florida Hardest Hit MLRP

Hardest Hit UMAP Details

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Hardest Hit UMAP Details

Program Details: Unemployment Mortgage Assistance Program (UMAP)

UMAP provides up to 12 months of payments with a cap of $24,000 (whichever occurs first) to assist unemployed or underemployed borrowers with their first mortgage payments until they can resume full payments on their own.

Additional criteria. Your monthly payment (including principal, interest, taxes, insurance, and association dues of all secured mortgages) must be greater than 31% of the total household’s gross income after the financial hardship event.

The program will also advance up to $18,000 to reinstate a delinquent first mortgage before UMAP payments begin.

The total amount of assistance available under UMAP is limited to $42,000.

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.