continued: Plantation Foreclosure Prevention Program
Q. What does the homeowner have to do to apply?
A. The homeowner must come to the offices of Community Redevelopment Associates of Florida, 8569 Pines Blvd., Suite 201, Pembroke Pines. Phone: 954-431-7866:
- The homeowner must provide proof (current mortgage or applicable statement) that mortgage or fee is no less than 60 days late. Applicant must pay for the fees associated with the credit and title report by money order. Applicants must undergo budget/credit counseling from an approved credit counseling service. Priority will be given to persons who received prior down payment/purchase or rehabilitation assistance through City’s program.
- Applicants must show their ability to continue to maintain their mortgage payment after assistance is given.
Q. How much money is available for each applicant?
A. The City will pay 100% of the delinquent mortgage amount - up to $10,000.
Q. What happens if $10,000 is not enough to pay the payments (principal, interest, taxes and insurance) attorneys’ fees, late fees, HOA, Assessments and other customary fees?
A. If $10,000 is not enough to bring the situation current, the homeowner must pay the remainder to bring the situation current.