It looks like the foreclosure giant RealtyTrac has laid off a considerable number of employees within the last month. According to Inman News “RealtyTrac has trimmed its workforce by nearly 30 employees and is moving away from some media partnerships.” The layoffs comprise roughly a quarter of its current workforce.
According to Hitwise, an online metrics company, the company has exhibited a steady decrease in traffic over the last few months. The company also moved down in the rankings to 18 from 10 for overall online real estate popularity.
In the …

According to a revealing article in the Hartford Courant, RealtyTrac “radically” revised its total Connecticut foreclosure filings for the month of June. The article published on August 15, 2009, written by Kenneth R. Gosselin, states that the company first reported an 80 percent decrease in foreclosure filings when actually there was an increase of 31.5 percent.
The original numbers were revised due to further investigation by Courant reporters following the surprisingly low level of filings originally reported by the foreclosure data company.
RealtyTrac first reported only 56 foreclosure filings while the revision …

With the year coming to a close, many companies and researchers are eager to predict the outcome of the 2009 market. With the economy hovering in a state of uncertainty, the upcoming New Year is on everybody’s mind. Real estate especially has seen a tumultuous year with the rise and fall of foreclosure rates, although the industry has seen more increases than decreases.
Foreclosure listing companies have offered a variety of foreclosure statistics throughout the year. Some reporting more accurate numbers than others, but all in all giving their representation …

With the recent revelation coming from Realty Trac’s reporting process, Foreclosure Research has come across some interesting findings.
Referring back to the article, “How many foreclosures? ‘We know we’re underreporting West Virginia,’” Rick Sharga provided the following insight, “West Virginia is one of the states where we need to do a better job.”  He continued by stating, “We know we’re under reporting in West Virginia,” and that, “we concentrate on areas of 25,000 people or more.”
The article also touched upon the fact that Realty Trac stated West Virginia had a very …

Over the last year, a handful of articles have come out disputing certain foreclosure listing companies from releasing inaccurate foreclosure data into the media.  Unfortunately, due to the illusive nature of foreclosures in themselves, these articles do not come out as often as need be.  But when these reports are released, they come out with their gloves off. The latest of these reports comes out of West Virginia.
According to an article published by the Charleston Gazette, “five times more West Virginia homes and businesses were sold in foreclosure in 2007,” …

While differing foreclosure figures have been in the media for a while now, our emphasis began on looking in to foreclosure reporting companies. We attempted to gather some of the data directly from the source and analyze it for our visitors on ForeclosureResearch.com.

The main media source for foreclosure data and industry trends is RealtyTrac. This was our first contact. We were surprised to find that RealtyTrac does not publish general foreclosure numbers provided on the website home page like many of the other foreclosure listing services. Clicking on …