Clerk & Comptroller Conducts First Online Foreclosure Auction
Buyers from around the world can now bid on Palm Beach County’s foreclosed properties
WEST PALM BEACH, FL (January 22, 2010) – Going, going, gone! Bidders from around the world can now buy Palm Beach County’s foreclosed properties online! Nearly 30 properties sold during Palm Beach County Clerk & Comptroller Sharon Bock’s first online foreclosure auction held January 21 on www.mypalmbeachclerk.com. The new online system, aptly titled ClerkAuction®, replaces all in-person, courthouse auctions in Palm Beach County. Participants can now go online to research pending foreclosure sales, register to bid, submit required deposit money, and bid on properties from their home or office.
“The online foreclosure process is not only more convenient, it’s also more transparent with the public being able to go online to view bidding or the results of auctions” said Clerk Bock.
Prior to the first online auction, 390 bidders had registered to participate—with some hailing from locations outside South Florida such as Canada, New Jersey, Missouri and Ohio. The next auction, slated for January 25 currently has 55 properties set for sale. Bidding will start at 9 a.m.
Prior to the first auction Thursday, 390 bidders had registered to participate in online auctions. The next auction, slated for January 25 currently has 55 properties set for sale. Bidding will start at 9 a.m.
ClerkAuction® is the latest aspect of Clerk Bock’s ongoing effort to use technology to improve efficiencies while providing the public with greater access to the courts and county government. By replacing in-person foreclosure sales at the courthouse with online auctions, the Clerk’s office expects to save at least 2,600 work hours a year—allowing those resources to be dedicated to other critical foreclosure-related clerk duties.
It comes at a time of record-breaking foreclosure cases and unprecedented budget cuts. There are more than 53,000 pending foreclosure cases in Palm Beach County and an average of 2,500 new cases being filed monthly. During 2009, the State Legislature cut the Clerk’s budget here in Palm Beach County by 18 percent and more than 100 Clerk employees lost their jobs.
ClerkAuction®, which is accessible through www.mypalmbeachclerk.com, features an online demonstration and a frequently asked questions page to help participants understand how to use the new service. As established by Florida law, there will be a $60 fee charged to each winning bidder. That fee offsets the cost of contracting with an online foreclosure provider, which in Palm Beach County is Grant Street Group. The Florida Legislature approved the electronic sale of foreclosed properties in 2008.
For more information about the Clerk’s office, please visit www.mypalmbeachclerk.com or call (561) 355-2996.
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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