Fla. AG Launches Grant Program For Foreclosure Defense Assistance

Posted by Orb Staff on July 29, 2009 No Comments
Categories : Mortgage Servicing

a Attorney General Bill McCollum and The Florida Bar Foundation have announced a new foreclosure defense assistance program that is funded by money obtained through a McCollum settlement with Countrywide Financial. A total of $4 million will be available over two years to fund additional lawyer and paralegal positions devoted to providing free assistance to homeowners facing foreclosures who cannot afford legal defense, the attorney general says. "The high number of foreclosures in Florida has left our homeowners vulnerable to fraud and desperate for assistance," says McCollum. "I know that the assistance these attorneys will provide will mean a world of difference to the homeowners they help." The funds are being distributed through The Florida Bar Foundation in the form of annual grants awarded to nonprofit organizations that have their applications approved. The grants will vary in size depending on the number of foreclosures experienced in a particular area. A total of $2 million is available for distribution this year, and another $2 million will be available next year. The grants are expected to provide the additional funding from Oct. 1, 2009, through Sept. 30, 2011. McCollum's office will participate in the application review process and will work with The Florida Bar Foundation to award the funds. SOURCE: Office of Florida Attorney General Bill M

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