There are many new developments with FHASecure and loss mitigation in florida. These are essentially housing market solutions for those in florida who have adjustable rate mortgage loans and need to refinance to lower rates and lower payments.
The FHA Secure in Florida can assist those who wish to lower a mortgage payment. This can even be accomplished when the loan is upside down and the homeowner wishes to refinances the mortgage with an aFHA mortgage loan of an upside down property. This is definitely something florida homewowners should look into.
Your florida loss mitigation efforts may realize that the fha loan must be subordinated to allow the refinance to the fha secure or an fha 203b.