The program approved last week to help at least 1,500 Floridians keep their homes is the most promising effort yet by the agency that has mostly sat on $1 billion in federal foreclosure prevention money.
Florida was one of 17 states, considered hardest hit by the foreclosure crisis, to receive money from the Troubled Asset Relief Fund to help borrowers. Nearly three years after the program began, the state has spent only 10 percent of the money to help the unemployed and underemployed pay their mortgages.
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