Survey suggests Florida foreclosures hit close to home
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By Jim Turner
Posted at 11:41 AM on August 28, 2007
The annual Fund Homeownership survey - commissioned by Florida-based Attorneys' Title Insurance Fund's Consumer Education Campaign - has found that 16 percent of Florida homeowners have been or know somebody who has been in the foreclosure process.
The survey also shows that Florida foreclosures are not tied to one specific region or income group with more than 10 percent of homeowners in nearly every market surveyed and more than 15 percent of homeowners in each of the three income brackets listed reporting they have been directly involved or know somebody who has been involved in a foreclosure.
"A common misconception among Florida homeowners and consumers is that foreclosures disproportionately affect the lower income brackets and most often occur in poorer neighborhoods when in reality, foreclosures are occurring in every price range and in every market across the state," explained Charles J. Kovaleski, president of Attorneys' Title Insurance Fund. "Florida consumers need to realize how prevalent foreclosures are in Florida so that they can be sure to take the necessary precautions for current and future purchases, like incorporating a real estate attorney in the real estate process to protect themselves and their investment."
Among the findings:
56 percent said they would consider buying a foreclosed home
17 percent said they would not consider buying one
Homeowners in Miami-Dade County (66 percent), Ft. Myers-Naples (65 percent) and Gainesville (65 percent) are more likely to consider buying a foreclosed home compared to other markets surveyed.
Compared to the overall sample, significantly more homeowners in Gainesville have been through foreclosure or know someone who has (29 percent).
The survey of 1,415 homeowners throughout the state was conducted by Harris Interactive between June 11 and June 25. The survey focused on the markets of: Broward County, Fort Myers-Naples, Gainesville, Miami-Dade County, Orlando, Sarasota County, Tallahassee, Tampa and West Palm Beach.
For information, visit www.myrealestatestory.com.
Posted at 11:41 AM on August 28, 2007
The annual Fund Homeownership survey - commissioned by Florida-based Attorneys' Title Insurance Fund's Consumer Education Campaign - has found that 16 percent of Florida homeowners have been or know somebody who has been in the foreclosure process.
The survey also shows that Florida foreclosures are not tied to one specific region or income group with more than 10 percent of homeowners in nearly every market surveyed and more than 15 percent of homeowners in each of the three income brackets listed reporting they have been directly involved or know somebody who has been involved in a foreclosure.
"A common misconception among Florida homeowners and consumers is that foreclosures disproportionately affect the lower income brackets and most often occur in poorer neighborhoods when in reality, foreclosures are occurring in every price range and in every market across the state," explained Charles J. Kovaleski, president of Attorneys' Title Insurance Fund. "Florida consumers need to realize how prevalent foreclosures are in Florida so that they can be sure to take the necessary precautions for current and future purchases, like incorporating a real estate attorney in the real estate process to protect themselves and their investment."
Among the findings:
56 percent said they would consider buying a foreclosed home
17 percent said they would not consider buying one
Homeowners in Miami-Dade County (66 percent), Ft. Myers-Naples (65 percent) and Gainesville (65 percent) are more likely to consider buying a foreclosed home compared to other markets surveyed.
Compared to the overall sample, significantly more homeowners in Gainesville have been through foreclosure or know someone who has (29 percent).
The survey of 1,415 homeowners throughout the state was conducted by Harris Interactive between June 11 and June 25. The survey focused on the markets of: Broward County, Fort Myers-Naples, Gainesville, Miami-Dade County, Orlando, Sarasota County, Tallahassee, Tampa and West Palm Beach.
For information, visit www.myrealestatestory.com.
