Foreclosures: More Than We Thought

NPR had a story this morning on their show, Morning Edition, about how foreclosures are counted.

It turns out that they've been undercounted in rural counties by RealtyTrac, the company everyone's been using for these statistics.

HUD is now responsible for counting these, at least temporarily. I'll be digging into how we look locally with these new numbers.

RE: Foreclosures: More Than We Thought

 What is interesting to me is that the local agents ignore these trends and report to the local paper that there is 'very little' activity in foreclosures locally.  I am in the Altoona PA area and there are quite a few homeowners in trouble and the foreclosure actions keep getting filed at the county courthouse.