Redefining The American Dream

The Face of Foreclosure

Posted on Tuesday, April 13, 2010

A recent study by the Florida Association of Realtors reflects some facts about the real people behind the foreclosure statistics you may not always think about;

The problem is not limited to low income homeowners. Over 20% have incomes in the $50,000 to $75,000 range. Another 20% have incomes over $100,000.

15% did not complete high school. But another 15% completed college and almost 8% completed graduate shcool too.

More than 9 in 10 are married. Over 2/3 have children.

35% lived in their home more than 10 years. But the vast majority, over 40%, lived in their home for under 5 years.

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