Clerk & Comptroller releases MAY foreclosure statistics
Number of new Palm Beach County foreclosure cases increases slightly in May
WEST PALM BEACH, FLA. (June 13, 2014) – There was a small increase in new foreclosure filings in May, but the number of new foreclosure filings is nearly half the total from the same month last year, according to the latest statistics from the Clerk & Comptroller, Palm Beach County.
There were 548 new foreclosures filed in May - a 2.4 percent increase from 535 cases filed in April, but a 48.6 percent decrease from 1,067 cases filed in May 2013.
"This is the fourth month that we've seen our foreclosure caseload increase slightly, but the number of new cases remains substantially lower than a year ago," Clerk Sharon Bock said.
The number of mortgages and deeds recorded in Palm Beach County also remained steady in May. There were 6,817 deeds recorded in May, a 2 percent decrease from 6,955 deeds recorded in April, but an 11.3 percent increase from 6,124 deeds recorded in May 2013.
There were 3,074 mortgages recorded in May, a 2.9 percent increase from 2,987 mortgages recorded in April, but a 12.7 percent decrease from 3,519 mortgages recorded in May 2013.
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 825 properties sold at foreclosure auction in May, according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those, 618 were sold back to the plaintiff - typically a bank or mortgage company - in the foreclosure proceeding, and 207 were sold to a third party
There were 514 foreclosure sales canceled in May, out of 1,339 scheduled for sale. The cancellation rate was 38.4 percent, compared with 33.7 percent in April.
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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