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Foreclosures in Palm Beach County Remain Higher in 2012
10th Straight Week of 3rd Party Bidder Supremacy Our third full week of 2012 foreclosure auctions in Palm Beach County and the numbers once again show a continuation of higher foreclosure numbers. And once again the success rate of third party bidders remains high as well. Investors who play the auction game are snapping up bargains and continue to bid, bid, bid. We have projected a higher number of foreclosures for 2012 and so far the numbers seem to back this projection but we are still early into the game. We just finished our fourth week out of the previous five weeks with a weekly schedule shortened by holidays but we now get four straight weeks with a five day auction schedule.
 

 
It certainly seems like the county clerk can adapt to shortened auction weeks as the only week of 2012 without a holiday has provided the lowest weekly total of foreclosures. The back-log of foreclosures due to legal issues raised last year should continue to keep the clerk busy even though initial filings remain lower spelling good news down the line.
 
The chart above shows you the six-month trend of foreclosures in Palm Beach County where we ... more

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