The number of new foreclosure cases filed last year in Palm Beach County fell to a seven-year low, the Clerk & Comptroller’s office said Tuesday.
Lenders filed 9,857 cases in 2013, a 36 percent decline from 2012. New cases haven’t dropped below 10,000 since 2006, when there were 5,144 filings.
“The biggest contributors to our decline in foreclosure cases in 2013 were the improving economy and changes to Florida’s foreclosure laws,” Clerk Sharon Bock said in a statement. “This is a positive sign for Palm Beach County, and one that I believe will continue throughout 2014.”
Broward County figures were unavailable. The RealtyTrac listing firm is expected to release year-end foreclosure numbers for South Florida and the state later this month.Copyright © 2015, The Baltimore Sun