New Foreclosure Cases Down from May 2012

new foreclosure filings

According to the Clerk & Comptroller’s office, new foreclosure filings in Palm Beach County have dropped. This when compared with June 2012 and May 2013. Last June Palm Beach County had 1,249 new foreclosure filings. Meanwhile, this June saw only 1,001 new filings, a 19.9 percent decrease. New filings also decreased 6.2 percent in June compared with May of this year. According to Clerk Bock, “In June we saw the highest number of deeds recorded with us since June 2006, and most mortgages recorded with us since November 2007.”

June 2013 showed 7,550 deeds recorded, up 30 percent from the 3,654 recorded in June 2012.

There were 5,294 mortgages recorded in June 2013, up 45.2 percent from June 2012. All these numbers reflect the stabilization of the local real estate market.

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