Foreclosures in rural America are being seriously underreported according to a story in Daily Yonder. RealtyTrac is the source most use to discover disclosure numbers. The problem? RealtyTrac ignores counties with under 10,000 housing units.
"As a result, the company reports foreclosure numbers for 2,200 counties, excluding more than 900 -- the nation’s most rural counties...."
What difference does it make? The story points out that a lot of law and policy in Washington is being based on incomplete data.
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