posted
Jul 15, 2010 by REI News
Palm Beach has increased more than her sister counties, however, when comparing the first six months of 2010 to the same period last year. Palm Beach has increased by 26 percent of properties in foreclosure, while Miami-Dade has seen an increase of 11.5 percent and Broward had an increase of 4 percent.
During each month, the bank takes an average of 4,000 properties in South Florida, 83 percent in the first half of 2009. Banks have also taken steps to recover property in South Florida during the first six months of the year, according to a recent report CondoVultures.com.
According CondoVultures.com, deposits of foreclosure in South Florida are actually 34 percent, 34,500 during the first half of 2010 from about 52,200 in 2009, 37.8 thousand in 2008 to 8,000 in 2007. Zalewski has his figures are accurate, since it eliminates the double issue that could affect the data of other companies.
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