News Column

Florida Sees Rise in Foreclosure Auctions

July 11, 2013

Florida's foreclosure gridlock got a kick start this spring with scheduled auctions in June doubling to more than 9,000 from last year as cases are hastened through the legal system.

The increase, as measured by a RealtyTrac report to be released today, is a signal of the court's determination to clear aging and undefended cases and means more inventory will soon be available to the home-hungry real estate market. Auctions are typically scheduled when the final foreclosure judgment is made.

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(c)2013 The Palm Beach Post (West Palm Beach, Fla.)

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Source: Copyright Palm Beach Post (FL) 2013


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