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Home | Florida Foreclosures Affect Every Income Bracket
Hudson & Marshall
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Florida Foreclosures Affect Every Income Bracket

As Florida foreclosure rates continue to rise, a Fund Homeownership survey has found that 16-percent of homeowners have experienced some degree of the foreclosure process. The annual survey, commissioned by Florida-based Attorneys’ Title Insurance Fund’s (ATIF) Consumer Education Campaign, polled 1,415 homeowners throughout the state in June.

As Florida foreclosure rates continue to rise, a Fund Homeownership survey has found that 16-percent of homeowners have experienced some degree of the foreclosure process.
The annual survey, commissioned by Florida-based ""Attorneys' Title Insurance Fund's"":http://www.thefund.com (ATIF) Consumer Education Campaign, polled 1,415 homeowners throughout the state in June. According to an ATIF press release, the foreclosures aren't tied to one specific region or income group.
ATIF President Charles J. Kovaleski says a common misconception among Florida homeowners and consumers is that foreclosures disproportionately affect the lower income brackets and most often occur in poorer neighborhoods. Kovaleski says that in reality, foreclosures are occurring in every price range and in every market across the state.
""Florida consumers need to realize how prevalent foreclosures are here so they can take the necessary precautions in current and future purchases such as incorporating a real estate attorney to protect themselves and their investment,"" Kovaleski said. ""Foreclosures create a whole new category of homes and potential buyers should take caution. A significant portion of Florida homeowners have consulted an attorney and this is reassuring, as they're the only player who can ensure foreclosure laws and procedures are fully understood and carried out.""

Hudson & Marshall

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