Real Estate News: Florida Prepares New Program For Stressed Owners

City of Hialeah - Miami Dade County

The fifth largest city in the State of Florida with an area of 20 sq. miles and a Class 1 Fire Department. Hialeah has access to most major thoroughfare - linked by I-95, I-75, the Palmetto and Sawgrass Expressways, and the Florida Turnpike. It is home to Hialeah Race Track and rich with investment opportunities for apts, homeownership, retail and the manufacturing sector. Mayor Julio Robaina serves as strong mayor. His vision to encourage business growth and quality of life for the residents maintains the City of Hialeah as one of the most desirable and stable community in Miami Dade County. See all the details at www.hialeahfl.gov

4/28/2010

Florida Prepares New Program For Stressed Owners

Florida along with Arizona and Michigan have proposed using federal funds to pay down loan balances for struggling borrowers and to subsidize mortgage payments for those who remain out of work.

The plans are in response to a federal plan that allocated $1.5 billion in foreclosure-prevention effort championed by the White House. The Treasury Department is currently reviewing the proposals. They expect to be finalized next month.