Ok, I read the whole article and the graphs below it, and there is a contraditction between the headline and the data. Look at the data by county near the bottom and the comparisons with last month and last year, almost all of the major counties in so cal are down. The only counties with monthly or YOY increases are Mono, Plumas, San Luis Obispo, Kings, Siskyou, and San Francisco. The narrative also mentioned flat NODS, increased NOTs but decreased Sales back to the bank, which makes me think that loan mods and short sales are taking a bite, that is the real story. None of it supported the headline and it read more like a commercial for the website than a news article.
Just Break it down, an inflamitory headline, little supportive documentation and the phrase “Foreclosureradar, the only website that tracks every California foreclosure and provides daily auction updates” in the first sentence.
Seriously, the owner of the website has posted here before, Sean needs to respond to my mild and friendly accusation that this is more of an advertisement than a news story.
