Foreclosures Reported Rising Fast in S. Florida

Foreclosures have been rising sharply in South Florida since January, with Broward County topping the list with a 50% increase, according to Default Research Inc., a foreclosure research company based in Mt. Pleasant, Pa.Palm Beach ranked second, with a 37% increase in foreclosures since January, and Miami was third, with 30%, the company said. "Investors are shying away from the Eastern coast and focusing on the Gulf coast, which has seen significant decreases in 2006," said Serdar Bankaci, president and chief executive officer of Default Research. The company touts the timeliness of its foreclosure data, which it says arrive two to three weeks ahead of competitors' data. Default Research can be found online at http://www.defaultresearch.com.