HAHA!!! HB 87 FAIL: Steep Drop in Florida Foreclosures Attributed to New Law

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Steep drop in county foreclosures attributed to new law

A steep drop in Palm Beach County foreclosure filings last month may be the result of the state’s new fast-track foreclosure law, which requires lenders to file specific documents with the initial case.

The Palm Beach County Clerk & Comptroller announced today that just 387 new foreclosures were filed during the month of July, a 61 percent decrease from June and a 69 percent drop from the same time last year. The new law went into effect July 1.

The last time Palm Beach County saw so few foreclosure filings was July 2006 when 392 cases were filed.

This new law presumably has had a substantial effect on new foreclosure cases filed in Palm Beach County as well as the state of Florida,” said Palm Beach County Clerk Sharon Bock. “It’s too soon to say whether we’ll continue to see declining filings in the courts. However, this demonstrates that banks are acting with an abundance of caution before they bring forward foreclosures cases in Florida.”

Rest here…

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4closureFraud.org

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CLERK & COMPTROLLER RELEASES JULY FORECLOSURE STATS

Change in state law contributes to steep decline in foreclosure filings

WEST PALM BEACH, FLA. (August 14, 2013) – The number of new foreclosure case filings in Palm Beach County decreased dramatically in July. Clerk Sharon Bock attributes this to a new state law (Section 702.015, Florida Statutes) which requires plaintiffs to acknowledge in their foreclosure complaint that they have all the documents necessary to prove the case against the homeowner.

There were 387 new foreclosures in July, a 61.3 percent decrease from 1,001 new foreclosures in June, and a 68.3 percent decrease from 1,220 cases filed in July 2012. The new cases filed in July represent the lowest number of new foreclosures filed with the Clerk & Comptroller, Palm Beach County, since July 2006, when 392 foreclosures were filed.

The new foreclosure filing requirements took effect July 1, 2013.

“This new law presumably has had a substantial effect on new foreclosure cases filed in Palm Beach County as well as the state of Florida,” Clerk Bock said. “It’s too soon to say whether we’ll continue to see declining filings in the courts. However, this demonstrates that banks are acting with an abundance of caution before they bring forward foreclosures cases in Florida.”

Mortgages/Deeds Recorded

The number of new mortgages and deeds recorded in Palm Beach County during July remained higher compared with the previous year, but lower than the totals recorded in June.

There were 6,985 deeds recorded in Palm Beach County in July, down 7.5 percent from 7,548 deeds recorded in June, but up 44.7 percent from 4,828 deeds recorded in July 2012.

There also were 4,358 mortgages recorded in July, a 17.7 percent decrease from 5,294 mortgages recorded in June, but a 40.4 percent increase from 3,105 mortgages recorded in July 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 1,050 properties sold during July’s online foreclosure auctions, according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those, 799 were sold back to the plaintiff – typically a bank or mortgage company – in the foreclosure proceeding, and 251 were sold to a third party.

There were 579 sales canceled in July, out of 1,629 advertised for sale. The cancellation rate was 35.5 percent, compared with 34.3 percent in June.

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.

Comments
6 Responses to “HAHA!!! HB 87 FAIL: Steep Drop in Florida Foreclosures Attributed to New Law”
  1. Bonnie Green says:

    OHIO I AGREE TOO LITTLE TOO LATE
    ACTUALLY IM JUST SEARCHING FOR A GLIMMER OF HOPE IN ALL I READ.
    I Most likely will never see justice after having my home foreclosed either. I was in my home 40 years, refi’ed n now know that last mortgage company had committed plenty if fraud. It is truly a tangled mess. I was raised on Air Force Bases n believed that nothing like this would ever be tolerated by our givernment

  2. John Anderson says:

    “Clerk Sharon Bock attributes this to a new state law (Section 702.015, Florida Statutes) which requires plaintiffs to acknowledge in their foreclosure complaint that they have all the documents necessary to prove the case against the homeowner.”
    Of course if they do not, I guess they could just order up, Notes, assignments, and other papers, pre dated and notarized from Korrel Harp & Tawanna Thomas Company, or other DOCX former employee’s who know the value of legal papers.

  3. j Alonzo says:

    Amen! They had to include rules of some sort to get this law passed. Make no mistake about it
    the law is meant to benefit the banksters, but it had to be tweeked so many times so it can pass
    that the law now is bitting them on their bankster servant ass!!!!

  4. neidermeyer says:

    I just got a “NetJets” popup ad here ,,, this site must be visited by a huge number of bankers and attorneys for Google Analytics to target a NetJets ad here ….

    Banksters ,, you’re going down .. your cover stories are crumbling .. I’m moving forward with expedited discovery AND I’VE ALREADY GOT MULTIPLE SOURCES FOR THE INFO I’M DEMANDING FROM YOU … Your replies will just show that you are the thief.

    AND I’M NOT ALONE. There’s a reason I picked the name Neidermeyer .. in Dean Wormers words “he’s a sneaky little shit.” ,,, start researching Federal prisons ,, eventually you’ll be negotiating to stay in the better ones.

  5. Bonnie green says:

    WELL THERE’S A START I. THE RIght DIRECTION. NOW WHAT ABOUT THOSE WHO ALREADY HAVE BEEN FORECLOSED?
    I’m in New York, but every little bit shines a light on the path for all of us !!

    • 4evrmoi says:

      And, I’m in Ohio! All I get from any of the so-called, “good news” is that it’s too little too late for the thousands of us who have had our homes STOLEN from us. I doubt that I’ll live long enough to “see” any justice served in this messed up bureaucracy called Home Ownership! For that matter … am losing faith completely in the Unites States REPUBLIC for which it USED to STAND! ='(

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