Potential foreclosures climb as housing market cools [South Florida]
There’s trouble in the bubble.
After three years of rapidly inflating real estate, loose credit and dicey financing, the number of court filings notifying Palm Beach County property owners they are facing foreclosure is rising.
Martin County’s pre-foreclosure filings are at their highest level since February 2005, and in St. Lucie County 113 pre-foreclosure notices were filed between Jan. 1 and March 23.