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CFO Sink Calls Foreclosure Order “Important Step” to Help Florida Homeowners

12/28/2009

CONTACT: Kyra Jennings or Aaron Blye, 850-413-2842

TALLAHASSEE – Florida CFO Alex Sink today commended the Florida Supreme Court order recommending a statewide managed mediation program for Florida’s homeowners.  Given her previous work to aid Floridians struggling with foreclosure, CFO Sink was tapped by Chief Justice Peggy Quince to provide a delegate on the Task Force that developed these recommendations.

“With Florida facing the worst foreclosure crisis in the nation, our state must take meaningful action to help Floridians stay in their homes, and I commend the work of the Task Force and Supreme Court,” said CFO Sink.  “Requiring a uniform mediation program is an important step to improve communication between homeowners and their lenders, something vitally important as we work to provide real relief to struggling residents.”

CFO Sink has started two initiatives to bring real, tangible help to Florida homeowners facing foreclosure, including the Florida Housing Help initiative that holds workshops for homeowners across the state.  In 2009, CFO Sink’s Department of Financial Services held 79 Florida Housing Help workshops across Florida, helping more than 12,000 Florida homeowners connect with their lenders or housing counselors. 

CFO Sink also called for the creation of the Florida Attorneys Saving Homes program, which pairs volunteer lawyers with Florida homeowners who are behind on their mortgage payments, to help these homeowners try and find solutions with their lenders.  Over 1,000 lawyers across the state have volunteered their time for the program.

Details on CFO Sink’s work to help Florida’s homeowners and a calendar of upcoming Florida Housing Help workshops can be found at: http://www.MyFloridaCFO.com/FloridaHousingHelp.

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As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services. A successful businesswoman with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO. As CFO, Sink's priorities include using her business experience to cut wasteful government spending, cracking down on financial and insurance fraud and reforming the state government's contracting practices.