More Than 365,000 Florida Home Loans Modified

by Isaac Benmergui, Esq on December 1, 2011

HOPE NOW the foreclosure prevention agency stated it has modified five million loans since 2007 in an effort to help homeowners in Florida retain ownership.

The agency reported that almost all the modifications resulted from direct negotiations with mortgage lenders; although about 20 percent came through the federal Housing Affordable Modification Program.

The 365,000 seems small in comparison to the five million modifications performed nationwide, but 24 percent of the country’s foreclosures are located in Florida, reports the agency, which is a high figure for a single geographic location.

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