Floridians Underutilize Real Estate Attorneys.ORLANDO Orlando, city, United States Orlando (ôrlăn`dō), city (1990 pop. 164,693), seat of Orange co., central Fla., in a lake region; inc. 1875. In a citrus fruit and farm area, it is one of the world's most visited vacation spots. , Fla. -- Despite Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and ranking second in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in instances of mortgage fraud per capita [Latin, By the heads or polls.] A term used in the Descent and Distribution of the estate of one who dies without a will. It means to share and share alike according to the number of individuals. , sixty-two percent of Floridians say that they did not consult a real estate attorney when buying, selling or renting their home, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey commissioned by Florida-based Attorneys' Title Insurance Fund's Consumer Education Campaign. In contrast, the study also found "understanding real estate laws" as the second biggest obstacle to homeownership in the state. Residents in South Florida consult real estate attorneys more frequently, compared to residents in other parts of the state. For example, 44 percent of residents in West Palm Beach and 45 percent of residents in Miami-Dade say that they have consulted real estate attorneys in the past, compared to 31 percent of residents in Tampa and Orlando who consulted a real estate attorney when buying or selling property. Additional significant findings from the study include: --49 percent of Floridians cite "protecting the homebuyers' interests" as the most important area in which real estate attorneys provide value. --"Resolving legal issues" is seen as the second most important service where real estate attorneys provide value. --Despite identifying "understanding real estate laws" as the second biggest obstacle to homeownership, Floridians rate "drafting a contract" and "issuing title insurance" as the lowest priority for real estate attorneys. "Real estate transactions are often one of the largest personal investments someone makes," said Charles J. Kovaleski, president of The Fund. "As this survey illustrates, understanding real estate laws is a major obstacle to owning a home reiterating the value a real estate attorney can bring to the process and the importance of seeking their counsel when buying, selling or renting a home." The survey's findings on the underutilization of real estate attorneys in Florida highlight an environment that enables the growing problem of fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. real estate activity in Florida. Oftentimes of·ten·times also oft·times adv. Frequently; repeatedly. Adv. 1. oftentimes - many times at short intervals; "we often met over a cup of coffee" frequently, oft, often, ofttimes a real estate attorney can spot signs of real estate fraud before it actually occurs, and is the only professional in the process legally trained to identify and resolve such issues. About The Fund Consumer Education Campaign: Launched in 2001, The Fund Consumer Education Campaign was designed to educate Florida consumers on the home buying and selling process. The Education Campaign includes an informational Web site in English (www.FundHomeInfo.com) and Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. (www.inforHogar.com) and toll-free numbers in English (1-866-FUND HOME) and Spanish (1-800-688-7599) with operators offering assistance. About The Fund: Founded in 1948, Attorneys' Title Insurance Fund, Inc., Florida's leading title insurance underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. and title information provider, is in business to preserve and facilitate the real estate practices of its members in their protection of the public. For more information, visit www.thefund.com. |
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