Wednesday, July 29, 2009
For providing free assistance to homeowners facing foreclosure and can not afford legal protection, Attorney General Bill McCollum and the Florida Bar Foundation have decided to break up $4 million over the next two years for helping fund additional lawyers and paralegals, who will provide free assistance to homeowners.
McCollum said that the increase in number of foreclosures in Florida has exposed the homeowners to fraud and anxious for assistance. The assistance provided by these attorneys will assist the homeowners in a long way and will make a world of difference.
According to McCollum's office, Florida is ranking fourth according to the foreclosure rate in the nation.
The finances will be provided to nonprofit organizations as annual grants. Every grant will differ in amount depending on the number of foreclosures occurring in a particular geographic area. The funds will be provided between Oct. 1, 2009, and Sept. 30, 2011.
The funds were raised through a settlement by Florida and various other states during last October with Bank of America. The company owns nationwide Financial.
McCollum said that the increase in number of foreclosures in Florida has exposed the homeowners to fraud and anxious for assistance. The assistance provided by these attorneys will assist the homeowners in a long way and will make a world of difference.
According to McCollum's office, Florida is ranking fourth according to the foreclosure rate in the nation.
The finances will be provided to nonprofit organizations as annual grants. Every grant will differ in amount depending on the number of foreclosures occurring in a particular geographic area. The funds will be provided between Oct. 1, 2009, and Sept. 30, 2011.
The funds were raised through a settlement by Florida and various other states during last October with Bank of America. The company owns nationwide Financial.
Labels: AN ATTEMPT TO STOP FORECLOSURE:
posted by Avoid foreclosure, We buy houses, Stop foreclosure
@ 6:28 AM
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