Residents in Clark County who are facing foreclosures can now sigh in relief as help from the federal government is on its way for their mortgage payment. Nevada was chosen to be one of the recipients Hardest Hit Fund established President Obama. The state one of the numerous states in the United States who has the highest foreclosure rates, as homeowners can’t afford their mortgage payment.
The state of Florida is also a beneficiary of the Hardest Hit Fund, which was granted about $1 billion available for homeowners in the state that are facing foreclosures, but the fund is delayed until the last week of March 2011.
Nevada is one of the beneficiaries of the United States Treasury’s program — “Hardest Hit Fund”, and has been awarded $150 million worth of funds, which can be availed by qualified homeowners to help them with their mortgage payment.