(At least Debbie started out slow in the 80`s with her cash out liposuction but at this point Debbie needs some serious Hardest Hit cheese in order to save her ATM.)
Hardest Hit foreclosure prevention program slammed by inspector general
by Kim Miller
Deborah Stockhammer, of Jupiter River Estates, applied for Florida’s Hardest Hit Fund to save her home.
A federal audit released this morning by the Office of the Special Inspector General for the Troubled Asset Relief Program says the federal Hardest Hit Fund has experienced “significant delays in providing help to homeowners,” and must dramatically increase its efforts.
The Hardest Hit Fund, announced by President Obama in early 2010, provided four rounds of funding to states whose homeowners were most negatively impacted by unemployment and housing value declines.
In all, $7.6 billion has been given to states, including more than $1 billion to Florida, to keep struggling borrowers in their home.
Yet two years after the program was announced, just $828.6 million has been drawn down by the states in the program, the majority of which is being used for administrative expenses, said today’s audit.
“As of December 31, 2011, Housing Finance Authorities had spent $217.4 million (or 3 percent of the $7.68 billion) to assist 30,640 homeowners,” the report states.
In Florida, as of January, about 3,400 homeowners had received help paying their mortgages from the Hardest Hit program overseen by the Florida Housing Finance Corp.
Statewide, about 23,320 people have completed applications and $77.3 million has been either reserved or spent on those approved for money.
In Palm Beach County, 1,931 applications were completed, 348 have been approved and $7.7 million has been either reserved for payments or already spent.
But a Florida official quoted in the federal audit said that while the $1 billion “has been a nice carrot” it’s been difficult to get banks and loan servicers to participate in the plan.
“There is no stick with the carrot to force servicers to participate,” the unnamed Florida official is quoted as saying.
Palm Beach, Palm Beach County, real estate, sigtarp
This entry was posted on Thursday, April 12th, 2012 at 9:01 am and is filed under Florida economy, Foreclosures, Housing affordability. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
“Deborah Stockhammer, of Jupiter River Estates, applied for Florida’s Hardest Hit Fund to save her home.”
WAAAAASSSSUUUUP Debbie? Momma needs a new pair of shoes. (and a fuqin boat) (and a new car) (and a flat screen) (and a free house to live in and extract the equity from while she acquires these necessities)
Type: MTG
Date/Time: 8/16/1985 10:09:00
CFN: 19850185240
Book Type: O
Book/Page: 4626/217
Pages: 1
Consideration: $2,499.00
Party 1: LAMENDOLA DEBORAH A AKA
STOCKHAMMER DEBORAH A AKA
Party 2: FLEET FIN INC
Legal: L2 B32 JUP RIVER EST
Type: MTG
Date/Time: 8/19/1986 09:53:00
CFN: 19860212257
Book Type: O
Book/Page: 4976/318
Pages: 1
Consideration: $4,951.00
Party 1: LAMENDOLA DEBORAH A AKA
STOCKHAMMER DEBORAH A AKA
STOCKHAMMER MARK
Party 2: FLEET FIN INC
Legal: L2 B32 JUPITER RIVER EST
Type: MTG
Date/Time: 9/4/1987 11:20:00
CFN: 19870264980
Book Type: O
Book/Page: 5409/1105
Pages: 1
Consideration: $4,951.00
Party 1: LAMENDOLA DEBRA A AKA
STOCKHAMMER DEBORAH A AKA
STOCKHAMMER MARK
Party 2: FLEET FIN & MTG CO
Legal: L2 B32 JUPITER RIVER EST
Type: MTG
Date/Time: 7/31/1992 08:33:08
CFN: 19920235418
Book Type: O
Book/Page: 7341/1681
Pages: 3
Consideration: $1,183.00
Party 1: LAMENDOLA DEBORAH A AKA
STOCKHAMMER DEBORAH AKA
STOCKHAMMER MARK
Party 2: BLAZER FIN SVC INC
Legal: JUPITER RVR EST B32 L2 BL
Type: MTG
Date/Time: 3/25/1993 08:32:43
CFN: 19930087880
Book Type: O
Book/Page: 7636/418
Pages: 3
Consideration: $2,287.00
Party 1: LAMENDOLA DEBORAH A AKA
STOCKHAMMER DEBORAH AKA
STOCKHAMMER MARK
Party 2: BLAZER FIN SVC INC FL
Legal: JUPITER RVR EST B32 L2 BL
Type: MTG
Date/Time: 6/21/2000 10:22:58
CFN: 20000233582
Book Type: O
Book/Page: 11851/1062
Pages: 7
Consideration: $15,000.00
Party 1: STOCKHAMMER DEBORAH & MARK E
STOCKHAMMER MARK E (M)
LAMENDOLA DEBORAH A
Party 2: BANK 1
Legal: JUPITER RVR EST B32 L2 BL
Type: MTG
Date/Time: 4/4/2003 10:50:57
CFN: 20030188343
Book Type: O
Book/Page: 15018/1468
Pages: 17
Consideration: $62,000.00
Party 1: STOCKHAMMER MARK E
STOCKHAMMER DEBORAH
Party 2: CENTEX HOME EQUITY COMPANY LLC
Legal: JUPITER RVR EST B32 L2 BL
Type: MTG
Date/Time: 5/20/2003 11:30:26
CFN: 20030291469
Book Type: O
Book/Page: 15248/227
Pages: 17
Consideration: $75,000.00
Party 1: STOCKHAMMER MARK E
STOCKHAMMER DEBORAH
Party 2: CENTEX HOME EQUITY COMPANY LLC
Legal: JUPITER RVR EST B32 L2 BL
Type: MTG
Date/Time: 3/25/2004 13:48:07
CFN: 20040163430
Book Type: O
Book/Page: 16715/1785
Pages: 14
Consideration: $99,900.00
Party 1: STOCKHAMMER MARK E
STOCKHAMMER DEBORAH A
Party 2: MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC
FULL SPECTRUM LENDING INC
Legal: JUPITER RVR EST B32 L2 BL
Type: MTG
Date/Time: 5/23/2007 09:13:43
CFN: 20070251322
Book Type: O
Book/Page: 21762/1306
Pages: 20
Consideration: $150,000.00
Party 1: STOCKHAMMER DEBORAH A
Party 2: MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC
NOVSTAR MORTGAGE INC
Legal: JUPITER RVR EST B32 L2 BL
Type: MTG
Date/Time: 9/27/2011 17:04:17
CFN: 20110360776
Book Type: O
Book/Page: 24765/1871
Pages: 5
Consideration: $0.00
Party 1: STOCKHAMMER DEBORAH
Party 2: FLORIDA HOUSING FINANCE CORPORATION
Legal: JUPITER RVR EST B32 L2 BL
Type: LP
Date/Time: 7/27/2011 11:59:38
CFN: 20110278259
Book Type: O
Book/Page: 24657/1236
Pages: 1
Consideration: $0.00
Party 1: DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
NOVASTAR MORTGAGE FUNDING TRUST
Party 2: STOCKHAMMER DEBORAH A
LA MENDOLA DEBORAH A
STOCKHAMMER SPOUSE
LA MENDOLA SPOUSE
USA
Legal: JUPITER RVR EST B32 L2 BL
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