BOCA RATON, FL (BocaNewsNow.com) — The Real Estate market in Palm Beach County may be showing some signs of life, but foreclosures remain a very real problem weighing on sales and selling prices.
The Palm Beach County Clerk’s Office tells BocaNewsNow.com that foreclosures were up nearly 27 percent in 2012 from 2011, marking the first year-over-year increase in foreclosures ince 2009.
By the numbers: there were 15,419 new foreclosures filed in 2012, up from 12,154 in 2011.
“In 2012, we saw banks once again pursue foreclosure cases after slowing down in 2011,” Clerk Sharon Bock said. “I know that, for the first half of 2013, I’ll be watching to see what moves the state Legislature makes related to foreclosures and to funding for Florida’s Clerks, which process the thousands of foreclosure cases filed in the state’s courts each month.”
On the up side, the number of mortgages filed in Palm Beach County rose from November to December of 2012 — with 3,259 mortgages recorded in December, up from 2,866 the month before.
BocaNewsNow.com is the leading site for news and information based in Boca Raton, Florida. We have surpassed three million page views.
We remind readers that an arrest is an accusation. Guilt or innocence is determined in a court of law. Please email us at news(at)bocanewsnow.com if the facts of a news story involving you have changed. This is not a mugshot website. While under no obligation to do so, we will effort to update arrest reports when provided with official information by the arrestee.
Note that ip addresses are logged and may be shared with law enforcement in unique situations.
For advertising information or to submit news tips, please email news(at)BocaNewsNow.com. BocaNewsNow(TM) is a Trademark of MetroDesk Media, LLC. The name may not be used without written permission.