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 …

With the latest third-quarter figures still in the news, now is a good time for some further scrutinization. Strategically and purposefully, it seems that foreclosure listings companies offer their statistics in varying forms as not to draw any obvious attention to the disparities afflicting the data.
The most recent reports do just that.  An article published on October 10, 2008 in the South Florida Business Journal, uses ForeclosureS.com reported numbers for Florida during the period of September, 2008. The article, titled, “Florida ranks No. 3 for foreclosures,” stated there were …

Over the last few months Foreclosure Research has provided several articles pointing out the discrepancies in reporting for different foreclosure companies. The discrepancies are most likely due to the fact that foreclosure information is spread out across all platforms and is truly illusive in nature.
The reality is, foreclosures are so hard to track that some foreclosure listing companies are even using their competitor’s data for uses in press release articles. Take REOSphere for example. REOSphere is based in Minnesota and provides REO listings for the St. Paul and Minneapolis …

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 …