Florida continues to operate a federally funded program to help at-risk homeowners facing foreclosure following unemployment. The Florida Housing Finance Corporation administers the state’s HHF fund under the following programs:
• Unemployment Mortgage Assistance Program (UMAP). UMAP provides up to six months of mortgage payments (with a cap of $12,000) paid directly to a mortgage lender to assist unemployed/underemployed borrowers with their first mortgage until they can resume full payments on their own.
• Mortgage Loan Reinstatement Payment (MLRP) Program. MLRP can be used to make a delinquent mortgage current (up to $6,000) for a homeowner who has returned to work or recovered from underemployment/underemployment.
A handful of Florida companies may claim they represent the Florida Housing Finance Corporation’s Hardest Hit Fund (HHF) when they do not. The FHFC website specifically lists seven companies NOT associated with the program: Mader Law Group, Attorneys Legal Network, The Law Center, NOVA Debt, National Loan Restructuring and LMPrep LLC Hardship Center.
Source: 2011 Florida Realtors
