CLERK & COMPTROLLER RELEASES JUNE FORECLOSURE STATS
New cases down 6 percent from May, nearly 20 percent from June 2012
WEST PALM BEACH, FLA. (July 11, 2013) – The number of new foreclosure case filings in Palm Beach County dropped in June when compared with the previous month and with the same time last year, according to the latest statistics from the Clerk & Comptroller’s office.
There were 1,001 new foreclosures in June, a 6.2 percent decrease from 1,067 cases filed in May, and a 19.9 percent decrease from 1,249 cases in June 2012.
While foreclosures were down, the number of new mortgages and deeds saw a considerable jump in June, compared with the previous month and with last year.
“Our numbers certainly show some great news for Palm Beach County’s real estate market,” Clerk Bock said. “In June we saw the highest number of deeds recorded with us since June 2006, and most mortgages recorded with us since November 2007.”
There were 7,550 deeds recorded in Palm Beach County in June, a 23.3 percent increase from 6,124 deeds recorded in May, and a 30.2 percent increase from 5,799 deeds recorded in June 2012.
There also were 5,294 mortgages recorded in June, a 50.3 percent increase from 3,522 mortgages recorded in May, and a 45.2 percent increase from 3,645 mortgages recorded in June 2012.
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 County.
Foreclosure Sales Results
There were 925 properties sold during June’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, and 239 were sold to a third party.
There were 482 sales canceled in June, out of 1,407 advertised for sale. The cancellation rate was 34.3 percent, compared with 34.4 percent in May.
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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