HOLLYWOOD, Fla. - July 13, 2011 - Some homeowners emerged jubilant from the Westin Diplomat Resort on Monday, snagging instant mortgage modifications during a daylong event in Hollywood.
Others weren't as lucky.
In the first two hours, 612 people applied for help from the Help for Homeowners Community Event that was sponsored by the federal government's Making Home Affordable Program. Struggling homeowners formed lines to register and then to meet with loan officers or counselors at the resort.
"It goes to show you that a lot of South Florida homeowners are struggling," said Andrea Risotto, a spokeswoman for the U.S. Treasury that was helping oversee the event.
She blamed the sour job market. Most interviewed said they had lost jobs and fallen behind on payments. Florida's unemployment rate is 10.6 percent, much higher than the national average.
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