Federal report: Florida lags in disbursing foreclosure aid - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Federal report: Florida lags in disbursing foreclosure aid

TALLAHASSEE, Fla. (AP) — A new report by federal investigators says Florida has consistently underperformed other states in using federal mortgage assistance money to help desperate homeowners facing foreclosure.

According to the report released this week, the Special Inspector General for the Troubled Asset Relief Program says that of the 18 states participating in the Treasury Department's Hardest Hit Fund, Florida has the lowest rate of approving homeowners for assistance, one of the highest rates of denying assistance and is slow with processing applications.

Multiple media outlets report that the special inspector's office criticized the Treasury Department for failing to set spending targets that would have forced Florida to deliver assistance earlier on in the economic downturn.

The Treasury Department says the program has made progress in recent years.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2017 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.