The Real Deal Miami

West Palm Beach introduces foreclosure assistance program

April 01, 2008 12:36PM

West Palm Beach has announced a $1 million program it will set up to help homeowners avoid foreclosure. The program, which is being fueled by a developer-funded city trust fund as well as grant money from the U.S. Department of Housing and Urban Development, will offer up to $10,000 in emergency assistance to eligible city residents. Alternatively, the new Foreclosure Assistance Center will help owners to sell their homes if they are worth less than the value of their mortgage.