The Government has funds to help homeowners pay their mortgage

Unemployed or underemployed Florida homeowners having trouble paying their mortgage payment may be able to receive financial assistance from the government. Qualified homeowners can apply for funds to pay up to 6 months of their mortgage payments!

Eligibility requirements include; must be a Florida resident, property must be primary residence, and homeowner must be underemployed or unemployed through no fault of their own.  Additional homeowner eligibility requirements must be met.  The complete list and additional information on how and where to apply for this assistance can be found by visiting the official website Florida Hardest-Hit Fund.

New law may save your house

A new law signed by President Bush that will go into effect on October 1, 2008 was created to assist homeowners struggling to pay their mortgage.

According to HUD's website, homeowners having trouble paying their house payments should contact the appropriate counseling agency. The contact information is:

• HUD.gov
• HOPE NOW Alliance at (888) 995-HOPE
• FHA 800-CALL-FHA

The program is designed to slow the rate of foreclosures in hopes of stabilizing the country's housing market.

Related Florida real estate views:

HUD is coming to a theater near you

Florida attorneys offering free help to homeowners facing foreclosure

Washington Mutual helps more than 7500 homeowners avoid foreclosure

- Greg Staker - Watson Realty Corp. 407-304-0255

SHIP assists low income Osceola buyers with home purchase

Assistance is based on the availability of funds for low and very low income in Osceola County. Income limits effective March 2008.

Related Florida real estate views:

Buyers are choosing fixed rate mortgages

Obtain an FHA home loan when buying your next home

Buying a short sale home in Kissimmee


- Greg Staker - Watson Realty Corp. - 407-304-0255