The
housing market it in Florida
was hit hard when the housing bubble burst and has faced a staggering number of
foreclosures. One-third of the nation’s foreclosures have been in Florida, according to
the Naples Daily News.
Speaking
to a crowd of 150 people in front of a foreclosed home in Lehigh Acres, Romney
said that creating more jobs will help people keep their homes. Unemployment is
a leading cause of foreclosure and getting more people back to work will help
solve the crisis.
A
foreclosure attorney can help some
homeowners obtain a mortgage modification, but mortgage lenders have not always
been willing to provide homeowners with a modification. The Home Affordable
Modification Act was intended to help troubled homeowners receive a loan
modification, but banks have not been fully cooperative with the HAMP program.
As a result they have been denied federal subsidies.
Romney
told the crowd that government needed to get out of housing and let the market reset
itself, according to Naples Daily News. He also told the crowd that he would
support legislation that would encourage banks to work with homeowners, who get
behind on their mortgages.
There
are avenues that a troubled homeowner can explore to avoid foreclosure. A foreclosure lawyer can give the
homeowner details about the options available to them. Though not all people
can save their homes a foreclosure attorney can give them a fighting chance.
