Palm Beach County’s struggling borrowers caught another break last month as steep drops in new foreclosure filings continued after the July 1 start of Florida’s fast-track foreclosure law.
Just 547 homeowners were foreclosed on countywide in September, a 51 percent decrease from last year and down 5 percent from August, according to a Wednesday report from the Palm Beach County Clerk and Comptroller.
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Florida’s fast-track foreclosure law allows for a quicker court process in some cases, but requires lenders to have specific documents when they file to foreclose.