Dec 1, 2008

Governor Crist announces an agreement that will allow many Floridians to be home for the holidays.

Press Release:

"Governor Charlie Crist joined representatives of the banking and mortgage lending industry to announce a voluntary agreement to provide foreclosure relief to Florida homestead property owners for the next 45 days. Governor Crist encouraged lenders to continue their efforts to actively negotiate with struggling homeowners during the coming months to help people stay in their homes."

This act may temporarily ease the stress of some homeowners who were facing the possibility of losing their home during the holiday season. Any long term benefit might only be realized if the lenders involved follow Governor Crist's encouragement to negotiate with distressed homeowners in an effort to keep them in their homes.

If he keeps one child in their home for Christmas, can that be bad?


Related Florida real estate views:

Florida cracking down on deceptive foreclosure rescue companies

Countrywide and Florida reach agreement

New law may save your house

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