On the upside, while foreclosures are up from previous years, many states have seen consecutive months of decreased foreclosure rates. Some experts say recent legislation, specifically the Obama Administration’s Making Home Affordable Program, has played a significant role in the latest figures.
The program offers homeowners with mortgages guaranteed by Fannie Mae and Freddie Mac the option to refinance at more affordable rates or more affordable payment schedules. The program is back by $75 billion in tax payer funds.
However, the billion dollar question may be “is it working?” According …

A couple of years ago RealtyTrac was in some hot water for over-inflating foreclosure statistics for the state of Colorado. According to one Foreclosure Article in The Seattle Times, published online on June 16, 2007, “RealtyTrac reported 54,747 foreclosures last year — one of the highest in the nation. The state’s Division of Housing, however, said the actual number was 28,453 and publicly chastised the firm for inflating numbers.”
The article titled, “Numbers from foreclosure statistics company questioned,” continued by stating the company doubled, even triple-counted foreclosures for a single property.
The …

The latest slew of questionable foreclosure statistics and reporting has hit the press, this time out of Idaho. This particular headline was especially peculiar as Idaho rarely has ominous headlines about its respective foreclosure rates.
The Idaho Article comes from a local news station, LocalNews8, titled, “Idaho Foreclosure Rate Among Nation’s Highest.” The article written by Aman Chabra was troubling considering that if Idaho has one of the nation’s highest foreclosure rates, then the economy may truly be heading to shambles.
The article reads, “According to RealtyTrac.com, 1 out of every …