{"id":10805,"date":"2008-09-29T07:43:33","date_gmt":"2008-09-29T11:43:33","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=10805"},"modified":"2015-04-10T19:57:36","modified_gmt":"2015-04-10T19:57:36","slug":"buying-floreclosures-in-south-florida","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/","title":{"rendered":"Buying Floreclosures in South Florida?"},"content":{"rendered":"

The government wants to be your partner. Just as Congress is rushing to announce\u00a0a national bailout package, Bush has already signed a bill that will provide $540 million to the state of Florida as “community development block grants”.\u00a0 Florida<\/strong> has the highest percentage of foreclosures in the country, with about 200,000 properties. with this number expected to grow.\u00a0 So, with the idea of helping the communities with the highest need, the government is distributing this money to various neighborhoods in\u00a0Dade and Broward, \u00a0the City of Miami<\/strong> receiving $62 MM. The City has said it plans to spend 50% as equity sharing with low-income buyers. Another 25% for buying homes for rehab or demolition.<\/p>\n

The City of Hollywood<\/strong> is to receive$7.5 million. How do you qualify? How will all this money be doled out?<\/p>\n

No details yet, but then we don’t know how the rest of the $300 billion is to be loaned out to at risk homeowners in the latest government backed program, not to mention the potential new $700 billion being discussed by Congress.\u00a0 If all this doesn’t kick start the turn around in the housing market……….<\/p>\n","protected":false},"excerpt":{"rendered":"

The government wants to be your partner. Just as Congress is rushing to announce\u00a0a national bailout package, Bush has already signed a bill that will provide $540 million to the state of Florida as “community development block grants”.\u00a0 Florida has the highest percentage of foreclosures in the country, with about 200,000 properties. with this number<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5939,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12161],"tags":[1917,3327,67,91,133],"yoast_head":"\nBuying Floreclosures in South Florida? - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying Floreclosures in South Florida? - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"The government wants to be your partner. Just as Congress is rushing to announce\u00a0a national bailout package, Bush has already signed a bill that will provide $540 million to the state of Florida as “community development block grants”.\u00a0 Florida has the highest percentage of foreclosures in the country, with about 200,000 properties. with this numberRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2008-09-29T11:43:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-04-10T19:57:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ellen Windheim, P.A.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ellen Windheim, P.A.\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/\"},\"author\":{\"name\":\"Ellen Windheim, P.A.\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/25c6b9d93a144da9659a6a3c7b645b19\"},\"headline\":\"Buying Floreclosures in South Florida?\",\"datePublished\":\"2008-09-29T11:43:33+00:00\",\"dateModified\":\"2015-04-10T19:57:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/\"},\"wordCount\":188,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"keywords\":[\"Broward\",\"Dade\",\"Foreclosures\/ Short Sales\",\"Hollywood\",\"Miami\"],\"articleSection\":[\"Foreclosures & Short Sales\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/buying-floreclosures-in-south-florida\/\",\"name\":\"Buying Floreclosures in South Florida? 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