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Florida to Expand Foreclosure Assistance Programs

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Florida to Expand Foreclosure Assistance ProgramsIn the past, consumers in the state’s Fourth and Seventh Judicial Circuits could participate in foreclosure mediation programs only after a lawsuit was filed against them by their lenders, according to a report from the Daytona News-Journal. But now those programs have been extended to help those who are also in danger of entering the court system.

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The Collins Center for Policy is partnering with the Jacksonville Bar Association in the fourth circuit and the firm Upchurch, Watson, White and Max in the seventh to offer mediation to troubled homeowners, the report said. This is being done in an effort to both help consumers avoid the foreclosure process and free up a court system already clogged with many of these cases. Florida is one of the states that has been most grievously affected by the foreclosure crisis.

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Meanwhile, the federal government is also working on a number of new ways to help more consumers nationwide avoid the foreclosure process, according to a report from the Wall Street Journal. Last week, the Obama administration announced it was considering a plan to more quickly push through the sale of government-owned properties – those seized by mortgage backing firms Fannie Mae and Freddie Mac, specifically – to private investors.

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  • http://www.granthammond.com Grant Hammond

    It would seem that streamlining the liquidation of government seized properties won’t lead to better assistance for troubled homeowners.

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