According to Boca News Now, foreclosure filings may be down in Palm Beach County, Fla., because of a new law that is making it more difficult for banks and lenders to initiate foreclosure proceedings.
The number of new foreclosure case filings in Palm Beach County decreased dramatically in July. Clerk Sharon Bock attributes this to a new state law (Section 702.015, Florida Statutes), which requires plaintiffs to acknowledge in their foreclosure complaint that they have all the documents necessary to prove the case against the homeowner.
