Florida will distribute about $350 million towards homeowners by way of principal reduction on their current owner occupied residence. The number of people who will receive help depends on how much each homeowner will receive. However, there are many stipulations that factor into whether or not you will be able to take advantage of this free money and have the opportunity to take advantage of the lowest mortgage rates.
The application date starts at 9am September 25, 2013. The application link will probably get disabled within few hours once they reach 25,000 applications. That is, if the site does not crash due to the overwhelming applicants trying to access the site.