Given the unstoppable wave of foreclosures in Puerto Rico, where some 8,000 properties have been repossessed in recent years, homeowners have a pressing need for legal representation to avoid losing their dwellings.
Looking to offer alternatives to address the problem of foreclosures in Puerto Rico, the Housing Finance Authority Executive Director George Joyner announced Wednesday the start of a second round of the "Protecting your Home" program, to offer help to families and individuals who have experienced a decline in income and are at risk of losing their homes.
Some 1,500 Puerto Rico homeowners facing the possibility of foreclosure may be able to qualify for a new $20 million emergency assistance program unveiled Friday by the Puerto Rico Housing Financing Authority, in agreement with local banks.
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