The State Of Florida's Housing Market As 'Hardest-Hit' Fund Returns

May 15, 2014

It’s a situation homeowners across the country are dealing with, and many thousands in Florida — they’re current on their house payments, but they owe more on their mortgage than their home is worth.

Credit respres / Flickr/Wikimedia Commons

Today, Florida housing officials are reopening a federally funded program that helps pays down those loan balances for "underwater" homeowners who qualify.

Florida continues to lead the nation in foreclosures, with one in every 400 homes going through the process.

This morning we begin the hour with a look at where things stand with the state’s housing market and find out what help is available.

Chip Parker, an attorney specializing in foreclosures at the local law firm Parker and DuFresne, and Cecka Rose Green, communications director for the Florida Housing Finance Corporation, joined Melissa Ross for more on Florida's housing market and what help is available for underwater homeowners.

You can follow Melissa Ross on Twitter @MelissainJax.