Florida Inv | Jean Deglon
South Florida foreclosures ‘tantalizingly close to normal

South Florida foreclosures ‘tantalizingly close to normal

New foreclosure cases declined 7 percent in South Florida last year, falling to the lowest level since data collection began in 2006, a new report shows.

Lenders filed 12,862 cases in Palm Beach, Broward and Miami-Dade counties, compared with 13,765 in 2015, according to ATTOM Data Solutions, a research firm in Irvine, Calif.

The peak year for new cases was 2009, when there were 133,250 filings.

Daren Blomquist, an ATTOM vice president, described the South Florida foreclosure market as “tantalizingly close to normal.”

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