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.
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|