Being in a position of financial hardship and unable to keep current on a mortgage can leave a home owner desperate for help. When that homeowner is unaware of options, that homeowner may not seek available help or may not make the most informed or best decisions regarding ways to avoid home foreclosure. One recent report notes that Florida is not dispersing mortgage assistance money as effectively as other states, leaving many homeowners struggling who may be entitled to that relief.
Federal mortgage assistance money was given to each state as a means of helping homeowners avoid home foreclosure during and after the recession. Florida was reportedly given $1 billion to help those in need. So far, the Sunshine State has only dispersed half that amount.