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News Release

MAY FORECLOSURE STATS AVAILABLE FROM
CLERK & COMPTROLLER

New filings decline again, but massive foreclosure case backlog remains

WEST PALM BEACH, FL (June 7, 2010) – The number of new foreclosure filings in Palm Beach County declined in May, according to the latest figures available from the Clerk & Comptroller’s office.

Last month 1,431 cases were filed, down from 1,529 cases filed in April and 1,678 filed in March. Overall, foreclosure filings are down this year in Palm Beach County, with 9,195 new cases filed during the first five months of 2010 – a 32.31 percent drop from the 13,583 cases filed from January to May of 2009*.

While the number of filings has slowed recently, there continues to be a significant backlog of pending foreclosure cases in Palm Beach County – more than 53,000, according to most recent estimates available. In 2009 alone, more than 30,200 new foreclosure cases were filed.

The Florida Legislature recently allocated $6 million to the state’s courts, and $3.6 million to Florida’s 67 Clerks of Court, to help alleviate massive foreclosure case backlogs statewide. Exact appropriations to Palm Beach County are still being determined.

The Clerk & Comptroller’s office processes all foreclosure-related court documents, notices of action and motions. After a foreclosure judgment, the office issues a notice of sale, conducts the foreclosure auction and issues all post-sale documents, such as the certificate of title.  Palm Beach County’s foreclosed properties are auctioned two to three days a week online at www.mypalmbeachclerk.com.

*All foreclosure case statistics are based on the date foreclosure filings are recorded by the Clerk & Comptroller’s office.

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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