3/9/13

Another Bam bomb

A federal mortgage assistance program is making loan payments for felons, tax scofflaws and people with histories of running up debts they can't repay.  Among the recipients of taxpayer-funded aid: A St. Petersburg woman with a long record of fraud. A Largo man who owes the IRS more than $150,000 in back taxes. And a sex offender who couldn't live in federally assisted housing yet qualified for up to $42,000 in federal mortgage relief, the Tampa Bay Times reports.
Those homeowners got help while many others were turned down or forced to wait so long they may lose their homes anyway. Today, almost three years after creation of the federal Hardest Hit Fund, less than 10 percent of the $1 billion set aside for Florida homeowners has been spent.  More here
 [Thanks: BJS]