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ยป VISIT US ONLINE @ DSNEWS.COM 29 GET YOUR DAILY DOSE OF DEFAULT SERVICING NEWS Start your day with the most current and critical news on the mortgage default servicing industry from DSNews.com. Sign up for our e-mail newsletter and get the top stories delivered direct to your inbox every day. Register to receive your Daily Dose at DSNews.com GET YOUR DAILY DOSE OF DEFAULT SERVICING NEWS Start your day with the most current and critical news on the mortgage default servicing industry from DSNews.com. Sign up for our e-mail newsletter and get the top stories delivered direct to your inbox every day. Register to receive your Daily Dose at DSNews.com WHEN EVACUATION IS TOO COSTLY Many households may not be financially prepared for disasters, according to the 2017 American Housing Survey released by the U.S. Department of Housing and Urban Development (HUD), the U.S. Census Bureau, and the Federal Emergency Management Agency (FEMA). According to the survey, 12 percent of 77.3 million owner households reported they did not have access to $2,000 to pay for their family's evacuation. Renters were even harder hit, with 39 percent indicating they did not have access to $2,000 to cover evacuation expenses. "For nearly 45 years, the American Housing Survey has been America's premier source of data on housing costs and quality," HUD Deputy Secretary Pamela Hughes Patenaude said. "In collaboration with FEMA, we have added disaster-preparedness questions to this survey to better understand the challenges that households face as they prepare for and respond to disasters." "We welcome our partnership with HUD and this new data from the American Housing Survey. is report underscores the need to prepare for the hazards we may face at any time," said Dr. Daniel Kaniewski, FEMA's Deputy Administrator for Resilience. "During National Preparedness Month, FEMA is encouraging individuals, families, and communities to start preparing. People with an emergency plan in place, a little emergency savings in the bank, and the right insurance coverage will bounce back much quicker following a disaster." e survey also included data on home quality. For example, 12.6 percent of all households reported seeing signs of cockroaches in their home within the previous 12 months, while 3.1 percent of all households reported signs of mold in their home. Many households may not be financially prepared for a disaster. Over half of all American households spend 30 percent or more of their income on housing costs. However, it seems disaster preparedness is increasing nationally. According to the survey, 4.4 million more households indicated they had an emergency evacuation kit in 2017 as compared to 2013.