TALLAHASSEE, Fla. (AP) - Florida is nearly doubling the amount of money available to help first time homebuyers under a plan going before state lawmakers next week.
A legislative panel is expected to sign off on spending $60 million. The money came from a national $25 billion settlement with five of the nation's largest mortgage lenders over foreclosure abuses.
The state got $334 million directly under the settlement, but the money remained in escrow for months because Attorney General Pam Bondi and state legislators disagreed over who had authority to spend the money.
The first portion of the money will go to pay to help courts deal with foreclosure cases and pay for legal aid but $35 million will also go to help homebuyers including assisting them with down payments.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Related Articles
- Lee County deputy & girlfriend arrested on marijuana charges
- FedEx truck hits power lines, catches on fire
- Locked mystery safe found in Charlotte Harbor area
- Suspects on the loose after allegedly robbing Iberia Bank
- CCSO arrests 3, seizes 122 marijuana plants in bust
- Federal charges filed against wanted Lee County fugitive
- Turks & Caicos officials drop charges against 2 US tourists
- Powerball jackpot grows to $600 million
- State regulators suspend Lee County doctor's license
- Panther spotted at Six Mile Cypress Slough Preserve





