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Notice of Trustee Sales- you be the judge

30 March 2010 408 views No Comment

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Realtystore.com recently issued a press release for notices of trustee sale (NTS) in Oregon for January 2010. This particular press release was peculiar as Realtystore.com issues very few if any press releases. Adding to the peculiarity was that the press release was for the state of Oregon, which has a relatively low foreclosure rate.

According to the press release, RealtyStore.com reported 1,413 notices of trustee sale for the month of January. This is up 42% from the previous year.

Now that RealtyStore is seemingly willing to partake in the foreclosure reporting media madness, it was up to Foreclosure Research to compare those figures to other, more notable listings services.

The task to find RealtyTrac’s notice of trustee sale listings was fairly easy as they categorize and display their distressed property notices. According to RealtyTrac’s monthly foreclosure analysis there were 3,336 notices of trustee sales issued for Oregon in January 2010.

This is a difference of 136% between RealtyStore.com’s figures and those of RealtyTrac’s

To get a better idea of both companies’ purported figures, Foreclosure Research requested a custom report from competitor foreclosure.com.

According to the custom foreclosure report by foreclosure.com there were 2,679 unique properties, and a total of 3,794 overlapping properties (duplicate data). While the company had the duplicate listings recorded, these were easily filtered out when it came to a statistical report and analysis.

Perhaps it may not be necessary to point out how close RealtyTrac’s figures are to foreclosure.com’s overlapping property results.

Below is the summary:

Foreclosure Company Oregon Notices of Trustee Sale
RealtyStore.com 1,413
RealtyTrac.com 3,336
Foreclosure.com w/overlap 3,794
Foreclosure.com 2,679
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