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Thursday, February 23, 2012

Struggling Floridians Line Up For A Chance To Keep Homes

MIAMI (Reuters) - Nearly 1,200 people lined up at a downtown Miami conference center on Wednesday, holding onto mortgage documents and income statements in the hope of saving the homes they are struggling to pay for.

Seated at rows of long tables were scores of loan processing agents for 19 lenders who hold 85 percent of the home mortgages in the south Florida market.

Over seven hours, the homeowners pleaded for loan modificationsor other help under a variety of programs aimed at stabilizing the U.S. housing market and keeping struggling people in their homes.


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