The Real Deal Miami

Foreclosures down 21 percent in first quarter

April 07, 2010 10:15AM

There were less than 20,00 foreclosure actions in Palm Beach, Broward
and Miami-Dade counties in the first quarter of 2010, a 21 percent fall
from the same time period in 2009, according to a report by Condo
Vultures. Miami-Dade had the biggest decrease, with 33 percent fewer
foreclosure suits in the first quarter compared to 2009. There were 22
percent less actions in Palm Beach and 12 percent in Broward. The first
quarter of 2009 saw nearly 25,000 foreclosures. TRD