Comments on: 2008 Reports Just In http://foreclosureresearch.com/2009/01/2008-reports-just-in/ The Truth About Foreclosure Data Fri, 26 Mar 2010 20:05:02 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Foreclosure Research Year in Review | Foreclosure Research - A Simple Look At Foreclosure Data http://foreclosureresearch.com/2009/01/2008-reports-just-in/comment-page-1/#comment-1344 Foreclosure Research Year in Review | Foreclosure Research - A Simple Look At Foreclosure Data Thu, 31 Dec 2009 17:32:45 +0000 http://foreclosureresearch.com/?p=181#comment-1344 [...] January 2009 Foreclosure Research reports mixed figures on foreclosure filings and REOs for 2008. According to RealtyTrac there were a total of 3.16 million filings for the year. ForeclosureS.com reported 2 million filings. Read the full post here. [...] [...] January 2009 Foreclosure Research reports mixed figures on foreclosure filings and REOs for 2008. According to RealtyTrac there were a total of 3.16 million filings for the year. ForeclosureS.com reported 2 million filings. Read the full post here. [...]

]]> By: Liz Orio Director of Research http://foreclosureresearch.com/2009/01/2008-reports-just-in/comment-page-1/#comment-40 Liz Orio Director of Research Tue, 20 Jan 2009 00:57:08 +0000 http://foreclosureresearch.com/?p=181#comment-40 There are always going to be differences in data based on collection. But the difference highlighted here is actually very misleading. In fact, RealtyTrac -- in the very first paragraph of its press release -- notes that its data includes multiple filings on the same properties, bringing its total numbers closer to ForeclosureS.com. Why was that part of the sentence not included? For readers, I've pasted below the beginnings of the press releases from both RealtyTrac and ForeclosureS.com. Finally, you're reference to a 2008 statistic on foreclosures from CBS News highlights an important point -- while the media doesn't always compare apples to apples, "experts" should. As a note of reference, Foreclosureresearch.com is a Foreclosure.com website. REALTYTRAC RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its 2008 U.S. Foreclosure Market Report™, which shows a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 2,330,483 U.S. properties during the year, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007. FORECLOSURES.COM About 1 million homes were lost to foreclosure in 2008, up nearly 63.5 percent from 2007, according to the U.S. Foreclosure Index from ForeclosureS.com, a leading real estate information provider. In this first look at complete 2008 statistics, the Index also shows nearly 2.1 million pre-foreclosure filings last year, up nearly 62 percent from 2007. Pre-foreclosure actions can include notice of default and/or foreclosure auction leading up to an actual foreclosure. Full release here: http://finance.yahoo.com/news/US-Foreclosure-Index-US-bw-14055611.html By Liz Orio Director of Research ForeclosureS.com There are always going to be differences in data based on collection. But the difference highlighted here is actually very misleading. In fact, RealtyTrac — in the very first paragraph of its press release — notes that its data includes multiple filings on the same properties, bringing its total numbers closer to ForeclosureS.com. Why was that part of the sentence not included? For readers, I’ve pasted below the beginnings of the press releases from both RealtyTrac and ForeclosureS.com. Finally, you’re reference to a 2008 statistic on foreclosures from CBS News highlights an important point — while the media doesn’t always compare apples to apples, “experts” should.

As a note of reference, Foreclosureresearch.com is a Foreclosure.com website.

REALTYTRAC

RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its 2008 U.S. Foreclosure Market Report™, which shows a total of 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 2,330,483 U.S. properties during the year, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007.

FORECLOSURES.COM

About 1 million homes were lost to foreclosure in 2008, up nearly 63.5 percent from 2007, according to the U.S. Foreclosure Index from ForeclosureS.com, a leading real estate information provider.

In this first look at complete 2008 statistics, the Index also shows nearly 2.1 million pre-foreclosure filings last year, up nearly 62 percent from 2007. Pre-foreclosure actions can include notice of default and/or foreclosure auction leading up to an actual foreclosure. Full release here:
http://finance.yahoo.com/news/US-Foreclosure-Index-US-bw-14055611.html

By Liz Orio
Director of Research
ForeclosureS.com

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