New case filings decrease 2 percent from June; up 28 percent since July 2011
WEST PALM BEACH, FLA. (August 13, 2012) – The number of new foreclosure filings decreased in July compared with the previous month, but remained higher when compared with the same time in 2011, according to the latest statistics from the Clerk & Comptroller’s office.
There were 1,220 new foreclosures filed in July, down 2.3 percent from the 1,249 cases filed in June, but up 28.4 percent from the 950 new foreclosures filed in July 2011.
“The number of new foreclosure cases appears to be holding steady,” said Clerk Sharon Bock. “While it’s the second straight month we’ve seen a decline in new case filings, the levels are comparable to what we’ve seen all this year.”
Foreclosure Sales Results
There were 606 properties sold during July’s online foreclosure auctions, according to statistics from Grant Street Group, the facilitator of ClerkAuction®. Of those, 426 were sold back to the plaintiff – typically a bank or mortgage company – in the foreclosure proceeding, while 180 were sold to a third party. Six properties did not sell at auction.
There were 295 scheduled auctions cancelled in July, out of 907 advertised for sale. The cancellation rate was at 32.5 percent, compared with 37.7 percent in June. The average cancellation rate is about 30 percent.
Full press release here…