Foreclosures up across South Florida in December

There were 5,019 foreclosures filed in South Florida in December, up from from 4,499 foreclosures last month and up 40.7 percent from the same month a year ago, according to Condo Vultures. Miami-Dade County lead the region for the fourth consecutive month with 2,271 foreclosures. Broward County and Palm Beach County posted 1,541 and 1,207 foreclosures in December respectively, representing a 14.7 percent and 29 percent increase year-over-year.

Overall, 50,326 foreclosures were filed in South Florida through the end of December, a 47.6 percent increase from the same period a year ago. Broward accounts for 40.39 percent of all those foreclosure year to date, while Palm Beach and Miami-Dade counties split the remaining foreclosures at 23.8 and 35.7 percent, respectively. —Christopher Cameron