The Real Deal Miami

Hardest Hit program to pay full year of mortgage payments for some Florida homeowners

April 27, 2012 12:00PM

Some Florida homeowners will receive a full year of payments on their mortgage, up to a maximum total of $24,000, from the Hardest Hit Fund, the Palm Beach Post reported. The full-year plan marks a change from what had been a six-month payment schedule under the plan that had a cap of $12,000. “We’re very excited to announce these changes just approved by our board this morning,” said David Wescott, chief administrator for the Florida Hardest Hit Fund at the Housing Finance Corporation. “These changes are really good news and beneficial to a lot of hardest hit fund applicants and participants.” The changes also mean that the cap for homeowners who need to make their payments current has been lifted to $18,000, along with removing the rule that homeowners be less than 180 days late to be eligible. [Palm Beach Post]