4 In 10 Broward Homes Sales Involve A Foreclosure

Homes and condominiums in some stage of foreclosure accounted for 42 percent of all Broward County sales in the second quarter, a slight increase from a year ago, RealtyTrac Inc. said Thursday.

In Palm Beach County, 37 percent of all home and condo sales in April, May and June were in the foreclosure process, up from 25 percent during the same period last year.

Nationally, foreclosures accounted for 31 percent of all sales. In 2005, at the height of the housing boom, the share was only about 1 percent.

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