With August foreclosure figures trickling in to the media this month, more erroneous data reporting is represented throughout all media outlets. Foreclosure filings for August did increase but total foreclosures for the period varied depending on the source.
According to an article in the Los Angeles Biz Journal, “Foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 303,879 US properties during August.”  The article, published on September 12, 2008, titled “California has nation’s 2nd highest foreclosure rate in August,” continues by stating that while there …

Since the beginning of the real estate downturn the media has been reporting some rather shocking headlines. Whether the headlines and the corresponding articles are based on truly shocking data or spun to sound more drastic is up to the reader to decide. The latest foreclosure report was released last Thursday, July 10, 2008.
Most of the headlines reflected an increase in foreclosures by 53 percent. An article written by Alan Zibel for the Associated Press, dated July 10, 2008, was titled, “US foreclosure filings surge 53 …