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News Release

CLERK & COMPTROLLER RELEASES APRIL FORECLOSURE STATS

New case filings up nearly 60 percent from April 2011

WEST PALM BEACH, FLA. (May 9, 2012) – The number of new foreclosure filings in Palm Beach County declined from March to April, but remain significantly higher than a year ago, according to the latest statistics from the Clerk & Comptroller’s office.

There were 1,309 new foreclosures filed in April, down 12.9 percent from the 1,502 cases filed in March but up 59.8 percent from the 819 foreclosures filed in April 2011.

“Around this time last year, we saw the number of foreclosures increase after several months where banks held off from new filings,” said Clerk Sharon Bock. “Our volume of new foreclosure filings continues to be higher than last year, and the next few months should help us to predict whether that trend will continue throughout 2012.”

Foreclosure Sales Results

There were 869 properties sold during April’s online foreclosure auctions, according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those, 686 were sold back to the plaintiff – typically a bank or mortgage company – in the foreclosure proceeding, while 183 were sold to a third party.

There were 371 scheduled auctions cancelled in April, out of 1,240 advertised for sale. The cancellation rate was at 29.92, compared with 27.25 percent in March. The average cancellation rate is about 30 percent.

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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