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The Real Deal Miami

New federal plan could help save Florida homeowners: TRD publisher

October 25, 2011 04:21PM

The government is looking to make it easier to refinance mortgage loans
at lower interest rates, a plan that could help Florida homeowners stay
in their homes. According to CoreLogic, 85,000 homes in the
Sarasota-Bradenton metro area alone are underwater.  “The new plan
allows the everyday American to take advantage of the low interest
rates,” The Real Deal Publisher Amir Korangy told the Sarasota
Herald-Tribune. “Western states and Florida in particular are going to
see many of their homeowners saved by this plan.” The proposed
amendments to the Home Affordable Refinance Program would take effect
either by the end of this year or the beginning of 2012. [Herald
Tribune]