Palm Beach Florida Foreclosures
Foreclosures List - Notice of Defaults - Palm Beach County Foreclosure
Palm Beach Foreclosure Information
Homes are foreclosed when a homeowner is unable to repay the mortgage. On average, mortgage payments have to be three months late before a lender begins the pre-foreclosure process. If the homeowner is able to acquire funds, the lender will stop foreclosure.
The median home price in Palm Beach County as of May, 2006 is realistically around $350,000 (fallen from its real estate bubble high of over $400K) many today are sitting on properties they are finding hard to sell. The current figure above national average is due to two factors: the rampant recent real estate speculation caused by the low interest rates set over the past few years; and the average figures distorted by the enclaves of the Town of Palm Beach where very expensive barrier island real estate has distorted the overall county average figure |
