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News Release

APRIL FORECLOSURE STATS AVAILABLE FROM
CLERK & COMPTROLLER

Fewer cases give Clerk’s office opportunity to focus on backlogs

WEST PALM BEACH, FL (May 17, 2011) – The number of new foreclosure cases filed in Palm Beach County decreased slightly in April, and remain significantly lower compared with last year, according to the latest figures available from the Clerk & Comptroller.

There were 819 new foreclosure cases filed in April, down nearly 10 percent from 908 new foreclosure cases filed in March. Compared with the same time last year, new cases decreased 51 percent from the 1,669 foreclosures filed in April 2010.

Clerk Sharon Bock said the decrease in cases has allowed clerks to address backlogs in issuing certificates of title and processing foreclosure paperwork.

“We are still extremely busy, but the lull in new filings allows us to focus on other steps in processing foreclosure cases,” Clerk Bock said. “I’m happy to report that there is no longer a backlog for processing new foreclosure cases, and we’re quickly issuing certificates of title after sales are completed.”

The Clerk’s office Foreclosure page on www.mypalmbeachclerk.com offers timely updates on when certificates of title are issued, as well as information about upcoming foreclosure auctions and Frequently Asked Questions about foreclosures.

Foreclosure Auction Sales Cancellations

The Clerk’s office continues to see higher-than-average foreclosure sales cancellations, with nearly 49 percent of auctions – amounting to 1,260 scheduled sales – cancelled in April. The average cancellation rate is around 30 percent.

Foreclosure Sales Results

Although the number of cancellations remains high, 1,312 properties sold in the Clerk’s online foreclosure auctions during April, according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those properties, 1,186 were sold back to the plaintiff in the foreclosure proceeding – typically a bank or mortgage company – while 126 were sold to a third party.

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.  Palm Beach County’s foreclosed properties are auctioned five days a week online at www.mypalmbeachclerk.com.  

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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