Foreclosures, May, Palm Beach County

I guess this is good news.For our county at least. Palm Beach County showed a slowdown in its foreclosure activity in May, according to RealtyTrac’s monthly market report. Palm Beach County saw a 21.29 percent drop in the number of foreclosures from May 2009, and a 1.98 percent month-over-month decline. The county also had the least number of foreclosures, 2,977, or one in every 215 households. Foreclosure filings include default notices, scheduled auctions and bank repossessions.

Broward, on the other hand, saw 6,719 foreclosure filings reported in May — one in every 120 households — and a 40.67 percent increase over the number of reported foreclosure filings in May 2009 and a 5.82 increase over April’s foreclosure filings.

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