Skip to main content

I posted this on my Facebook page yesterday and a friend I know pretty well messaged me to ask if my account was hacked. The headline looks like spam, but it's not.
The treasury department has funded a program called Hardest Hit Fund. They're disbursing almost eight billion dollars to 11 states hardest hit by the housing crisis. This may be a great opportunity for homeowners who don't qualify for any of the HARP programs.

I wouldn't have known about it save for an email from my credit union. It's a mortgage reduction program. In my state of Florida, it offers up to $50,000 in direct mortgage reduction to homeowners who are current in their mortgages, upside down and meet certain income limits.

I went to fill out an application the minute it went live and I figured all the spots would be taken within hours. In Florida, they are reducing only 25,000 mortgages. But today, I went back to the site to get information and the application process was still open.

To find out the details for your state, go to the Treasury Department's "Hardest Hit Fund" website.

The participating states are in green.

Hardest Hit Fund programs vary state to state, but may include the following:
-Mortgage payment assistance for unemployed or underemployed homeowners
-Principal reduction to help homeowners get into more affordable mortgages
-Funding to eliminate homeowners’ second lien loans
-Help for homeowners who are transitioning out of their homes and into more    affordable places of residence

I put in my application Wednesday morning. They say it takes a while to process but the initial application was easy. I'll have to provide some documents later, on request.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site