Not too long ago ForeclosureS.com announced that the site offered over 5 million property listings. Even with the current foreclosure frenzy in the media, this number seemed inflated. They also advertised this figure directly on the homepage of the site, where other foreclosure listings companies offer their current listings. As mentioned in a prior post, “Figuring Out the Figures,” ForeclosureS.com now does not offer any current listing numbers anywhere on the site and has removed the “5 million listings” on their home page.

However, I was able to find this figure on one of their search pages. See the photo above for the screenshot of the 5 million listings advertised.

At the same time the screen shot was taken, I referred to the press inquiry page, which as an aside has been down for about a month now. The press inquiry page showed 1,062,576 current foreclosure filings, or actually a total for the last 6 months. While this number only represents the filings, or default notices, we can then refer back to Realty Trac’s figure, that on average foreclosures represent roughly 30% of all foreclosure filings. Given this figure, that would represent around 318,770 actual foreclosures.

ForeclosureS.com also lists auctions, but many of these auction properties would already have been represented in the pre-foreclosure tab. The next tab REO/bank owned was already calculated above.

Considering these figures, the total current listings would be around 1,381,346. Just to err on the safe side, let’s say that the same amount of properties in the auctions tab would be equal to the amount of actual foreclosures (although it would be significantly less). Considering this, the total listings number would be around 1.7 million listings. With these simple calculations, one could then assume that around 3.3 million listings are unaccounted for.