Program could give Florida homeowners up to 18-month mortgage reprieve
Florida's struggling homeowners could get an 18-month reprieve on mortgage payments under a state plan to spend $418m in federal foreclosure prevention aid.
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The money is part of $1.5bn the Obama administration announced in February for five states hardest hit by the real estate crash and unemployment. Other states sharing the $1.5bn are Nevada, California, Arizona and Michigan.
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