CLERK & cOMPTROLLER RELEASES FEBRUARY FORECLOSURE STATS
New cases down 20 percent from January
WEST PALM BEACH, FLA. (March 19, 2013) – The number of new
foreclosure cases in Palm Beach County decreased from the previous month, as
well as from the same time last year, according to the latest statistics from
the Clerk & Comptroller’s office.
There were 1,022 new foreclosures filed in February, a 20.4 percent decrease
from 1,284 cases filed in January, and a 14.7 percent decrease from 1,198 cases
filed in February 2012.
“This is the lowest number of new foreclosure cases that we’ve seen since
July 2011,” Clerk Sharon Bock said. “While you can’t predict what will happen
the rest of the year based on one month’s results, it’s certainly interesting,
considering that many analysts have said they expect the number of foreclosure
cases to increase in 2013.”
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
There were 5,963 deeds recorded in Palm Beach County during February, a 0.6
percent increase from 5,925 deeds during January, and a 21.1 percent increase
from 4,925 deeds recorded in February 2012.
There also were 4,334 mortgages recorded in February, a 7.1 percent increase
from 4,048 mortgages recorded in January, and a 76.6 percent increase from 2,454
mortgages recorded in February 2012.
Foreclosure Sales Results
There were 631 properties sold during February’s online foreclosure auctions,
according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those, 435 were sold back to the plaintiff –
typically a bank or mortgage company – in the foreclosure proceeding, and 196
were sold to a third party.
There were 376 sales canceled in January, out of 1,007 advertised for sale.
The cancellation rate was 37.3 percent, compared with 32.4 percent in
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 www.mypalmbeachclerk.com.
The Florida Constitution established the independent office of
the Clerk & Comptroller as a public trustee, responsible for safeguarding
public records and public funds. Clerk Sharon Bock is directly elected by and
accountable to Palm Beach County residents. In addition to the roles of Clerk
of the Circuit Court, County Recorder and Clerk of the Board of County
Commissioners, the Clerk & Comptroller is the Chief Financial Officer,
Treasurer and Auditor for Palm Beach County.
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