Officials with the St. Lucie County Clerk of the Circuit Court are reporting new foreclosure filings dropped sharply in July after two consecutive months of increases.
Foreclosure sales have hit their lowest level since 2008, but there are still deals to be had in these 15 cities.
According to the latest statistics, there were 175 new foreclosures filed last month, well below the 270 filed in June and the lowest on record since 2006.
"I'd like to believe that things are getting better," said St. Lucie County Clerk of the Circuit Court Joseph Smith. "I know that we've all been through a very tough time economically throughout our area, but to be able to see that people are actually purchasing homes, that's good. Those numbers are up over last year and foreclosures are going down. I think only good things are hopefully ahead."
New foreclosures filed in 2013 totaled 1,754 -- a 25 percent decrease when compared to January through July 2012. Newly enacted legislation to expedite the foreclosure process may have contributed to the sudden drop in filings.
By Angela Rozier