Interesting. Just got back from Palm Beach County and they lead the nation in real estate price increase last year. They were up 35%. That is suspicious because it is a judicial foreclosure state which means it has to go through the courts. Not like California real estate foreclosure which has a trust deed system. There is no court approval needed here. It just goes through the system- 90 days for notice of default and then 21 days from notice of sale until actual sale. Because of the court approval needed, Palm beach cty has a 4 month inventory and we only have a 30 day inventory. Their market might be hot but is is no where as hot as ours is. Still interesting. Maybe i should be bi-coastal.
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