{"id":6769,"date":"2010-02-20T15:44:19","date_gmt":"2010-02-20T19:44:19","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=6769"},"modified":"2010-02-20T15:44:19","modified_gmt":"2010-02-20T19:44:19","slug":"u-s-tries-to-keep-struggling-owners-in-homes","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2010\/02\/u-s-tries-to-keep-struggling-owners-in-homes\/","title":{"rendered":"U.S. tries to keep struggling owners in homes."},"content":{"rendered":"<p>A new $1.5 billion initiative aims to help homeowners threatened with foreclosure as the numbers show improvement.<\/p>\n<p>The government threw a $1.5 billion lifeline to unemployed and underwater homeowners on Friday, amid a new report suggesting the nation&#8217;s foreclosure crisis may be easing.<\/p>\n<p><a href=\"https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2010\/02\/house.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-6770\" title=\"house\" src=\"https:\/\/biznews.fiu.edu\/wp-content\/uploads\/2010\/02\/house-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>Under the initiative, Florida and four other states that have seen home prices fall by at least 20 percent since their peak will be eligible to apply for the funds.<\/p>\n<p>The exact amount due the state, and the guidelines for the initiative, will be available in two weeks, the Obama administration said.<\/p>\n<p>&#8230;<\/p>\n<p>With needs so great, it&#8217;s unclear what can or will be accomplished with the new funding, said William Hardin, a professor of real estate at Florida International University. &#8220;It sounds like a lot of money, but relative to the problem we have, it&#8217;s just a drop in the bucket,&#8221; he said. &#8220;My initial impression is that [Obama] is just pandering to voters.&#8221;<\/p>\n<p>Read: \u201c<a href=\"http:\/\/business.fiu.edu\/pdf\/PrintFeb2010\/US-tries-to-keep-struggling-owners-in-homes.pdf\" target=\"_blank\">U.S. tries to keep struggling owners in homes<\/a>,\u201c an article from the MiamiHerald.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new $1.5 billion initiative aims to help homeowners threatened with foreclosure as the numbers show improvement. The government threw a $1.5 billion lifeline to unemployed and underwater homeowners on Friday, amid a new report suggesting the nation&#8217;s foreclosure crisis may be easing. Under the initiative, Florida and four other states that have seen home [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[9],"tags":[619,2836,1839,3806],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/6769"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=6769"}],"version-history":[{"count":0,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/6769\/revisions"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=6769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=6769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=6769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}