New Foreclosures for Palm Beach Lowest in 7 Years

Posted on Wednesday, January 8th, 2014 at 4:23pm.

The number of last year’s new foreclosure filings in Palm Beach County dropped below 10,000, their lowest levels since 2006.

There were 9,857 cases filed by lenders last year, according to 2013 data from the Palm Beach County Clerk & Comptroller’s Office. That's a 36 percent decrease compared to 2012. Seven years ago, the county saw only 5,144 filings.

Though data is not available for the rest of South Florida, significant drops in new foreclosure filings have been occurring all year long. Palm Beach County’s foreclosure rate in October fell to 6.9 percent from 10.9 percent that month in 2012, cite multiple sources.

Miami-Dade County’s foreclosure rate dropped to 9.2 percent in October from 15.1 percent a year earlier. In Broward County, foreclosure rates dropped from about 12 percent to just above 8 percent during the same span.

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