More than 52,000 Foreclosure Cases in Palm Beach County and Treasure Coast Court Systems Today, Many More to Come…
More than 52,000 foreclosure cases in Palm Beach County and Treasure Coast court systems today
Here’s the breakdown:
Palm Beach County: 39,000 (as of January 2013 according to Palm Beach County Clerk and Comptroller’s office)
Martin County: 2,973 (as of January 10th, 2013 according to Martin County Clerk and Comptroller’s office)
St. Lucie County: 7,941 (as of November 30, 2012 according to the 19th Circuit Court)
Indian River County: 2,266 (as of November 30, 2012 according to the 19th Circuit Court)
Okeechobee County: 607 (as of November 30, 2012 according to the 19th Circuit Court)
Palm Beach County Clerk and Comptroller Sharon Bock says her office is working as quickly as it can to clear cases.
“What we need to do is be able to clear all of the cases so that we can get the real estate community and frankly the whole Palm Beach County community up and running again,” Bock said.
It’s taking about 18-months on average for a case to clear, giving homeowners more time to negotiate the short sale.
A smart solution Bock said.
“Number one it gets the property on the market more quickly and possibly turned over. Number two the homeowner is potentially secure in knowing that this is now behind them,” Bock said.
Full report here…