Report: Many factors behind Florida foreclosures

04/07/2010

Report: Many factors behind Florida foreclosures

A new Florida Realtors report offered a detailed account of the factors contributing to the state's recent spike in foreclosures.

BY TOLUSE OLORUNNIPA

tolorunnipa@MiamiHerald.com

Florida Realtors released a report Tuesday showing that rather than just loss of a job or a bad loan, there is usually more than one factor pushing Floridians into foreclosure.

Foreclosed homeowners' problems are generally more complex, said Joel Searby of Strategic Guidance Systems, which conducted the study, ``The Face of Foreclosure: Florida,'' for Florida Realtors, the trade association for 115,000 real estate professionals in the state.

Posted at 08:56 AM in From Local News | Permalink

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