Fla. governor OK’s $200M foreclosure plan

Miami /
Jun.June 05, 2013 11:00 AM

Florida Gov. Rick Scott signed into law Tuesday a plan for a $200 million chunk of the $25 billion nationwide foreclosure settlement agreement between lenders and states, the Tampa Bay Tribune reported.

Florida will spend its share on housing- and foreclosure-assistance programs, including mortgage counseling services, legal aid groups and Habitat for Humanity, the Tribune reported, citing Attorney General Pam Bondi.

The $200 million is a small chunk of the state’s $8.4 billion cut from the deal, including $7.6 billion for loan modifications and other “direct relief,” the newspaper reported, citing Bondi’s website.

“It’s so much money that it needed accountability,” Bondi told reporters Tuesday. “It’s hard to write checks just directly out there … That’s why we’re going through various agencies, to ensure money goes where it’s supposed to go.”

Scott still has not acted on a bill (HB 87) passed this legislative session that would speed up the state’s foreclosure process. Homeowner advocates have asked Scott to veto it. Florida’s foreclosure process has been tainted by “robo-signers,” people who signed paperwork handing over mortgages without knowing what they were signing. [Tampa Bay Tribune]Emily Schmall


Related Articles

arrow_forward_ios
Daisy Chaplin and Charles Prince with the property at 6000 North Bay Road (Getty, Google Maps)
Late Broadway legend Harold Prince’s children settle dispute over family’s North Bay Road mansion
Late Broadway legend Harold Prince’s children settle dispute over family’s North Bay Road mansion
Foreclosure lawsuit targets DoubleTree hotel near Miami International Airport
Foreclosure lawsuit targets DoubleTree hotel near Miami International Airport
Foreclosure lawsuit targets DoubleTree hotel near Miami International Airport
The Variety Hotel (Getty)
Lender acquires Variety Hotel in Miami Beach following foreclosure suit
Lender acquires Variety Hotel in Miami Beach following foreclosure suit
Branden Muhl, James Vosotas and Hotel Greystone at 1920 Collins Avenue, Miami Beach (Google Maps, Mahaska, Trans Inns)
Hotel Greystone to reopen in September amid partnership break-up
Hotel Greystone to reopen in September amid partnership break-up
Grand Hotel Fort Lauderdale and Sheridan Capital's Aaron Kurlansky (Facebook via Fort Lauderdale Grand Hotel)
Fort Lauderdale hotel resolves foreclosure suit with $11M refi
Fort Lauderdale hotel resolves foreclosure suit with $11M refi
Variety Hotel (iStock)
Miami Beach hotel heads to foreclosure auction
Miami Beach hotel heads to foreclosure auction
Developer Louis Birdman (One Thousand Museum, Getty)
One Thousand Museum developers score $90M refi to stave off foreclosure
One Thousand Museum developers score $90M refi to stave off foreclosure
A rendering of the the property at 3601 North Miami Avenue and HES Group CEO Francisco Arocha (Photos via HES, Francisco Arocha)
Midtown Miami Triptych dev site owner files for Chapter 11 amid foreclosure
Midtown Miami Triptych dev site owner files for Chapter 11 amid foreclosure
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...