An otherwise rosy real estate picture for South Florida's tri-county area was thrown out of whack by a devastating report of foreclosure actions in Palm Beach County.
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Real estate analysts at Condo Vultures found that foreclosures in January 2010 dropped by 23 percent in Broward County compared to January 2009 and that Miami-Dade foreclosures were down 33 percent.
Yet in Palm Beach County, foreclosure filings saw a major spike: They're up 76 percent. In January 2009 there were 1,206 foreclosures, and in January 2010 there were over 2,100.
That full Condo Vultures release is here.