BOCA RATON, FL (BocaNewsNow.com) — In a sure sign that the housing market is turning around, the Palm Beach County Clerk's Office tells BocaNewsNow.com that foreclosure filings are significantly down.
The number of new foreclosure cases filed in Palm Beach County during April decreased compared with the previous month, as well as compared with the same time last year, according to the latest statistics from the Clerk & Comptroller’s office.
There were 962 new foreclosures filed in April, a 13.95 percent decrease from 1,118 cases filed in March, and a 26.5 percent decrease from 1,309 cases filed in April 2012.
“Over the past five years, we’ve seen a consistent decline in the number of foreclosure cases filed from March to April,” Clerk Sharon Bock said. “We’ll continue to monitor the number of cases to see whether there is a trend of fewer new foreclosure cases filed with us.”
Another indicator for Palm Beach County’s housing market is the number of mortgages and deeds recorded by the Clerk & Comptroller’s office. The Clerk’s office is the keeper of Palm Beach County’s official records, and records all deeds and mortgages submitted for recording in Palm Beach County.
There were 6,985 deeds recording in Palm Beach County during April, a 4.5 percent increase from 6,684 deeds recorded in March, and a 20.2 percent increase from 5,812 deeds recorded in April 2012.
There also were 4,548 mortgages recorded in April, a 0.8 percent increase from 4,513 mortgages recorded in March, and a 44.2 percent increase from 3,155 mortgages recorded in April 2012.
Foreclosure Sales Results
There were 810 properties sold during April’s online foreclosure auctions, according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those, 553 were sold back to the plaintiff – typically a bank or mortgage company – in the foreclosure proceeding, and 257 were sold to a third party.
There were 540 sales canceled in April, out of 1,350 advertised for sale. The cancellation rate was 40 percent, compared with 41.5 percent in March.
The Clerk & Comptroller’s office processes all foreclosure-related court documents, notices of action and motions. After a foreclosure judgment, the office conducts the foreclosure auction and issues all post-sale documents, such as the certificate of title. Information about foreclosures, updates about when certificates of title will be issued and links to auctions of Palm Beach County’s foreclosed properties are available at http://www.mypalmbeachclerk.com.
Content copyright © 2023 Metro Desk Media, LLC. All Rights Reserved. BocaNewsNow.com ® is a registered trademark of MetroDesk Media, LLC. For our intellectual property, terms, and conditions, read here. Broadcast stations must credit BocaNewsNow.com on air. Print must refer to BocaNewsNow.com. Online must link to BocaNewsNow.com. Contact news (at) bocanewsnow.com. Call 561-576-NEWS (6397). Arrest reports are police accusations. Guilt or innocence is determined in a court of law.
The Latest From BocaNewsNow.com
- Senator Marco Rubio Talks TikTok, FAU With Andrew Colton on NewsRadio 610 WIOD
- WHOSE BODY WAS IN BURNING CAR? BROWARD COPS ASKING FOR TIPS
- GO OWLS! FAU’s Student Affairs VP Joins Andrew Colton On NewsRadio 610 WIOD
- Broward Crash Backs Up Traffic Into Boca Raton
- Rocco’s Tacos Delray Beach Ordered Closed By Health Inspector
- SECURITY ALERT: Fort Lauderdale Hollywood International Airport Evacuated
- HAMMER TIME: Boca Raton Woman Allegedly Hits Husband On Head With Hammer
- Body Found On Side Of Palm Beach County Road, FHP Asks For Tips
- Body Found In North Broward Burning Car