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To: dvdw© who wrote (2173)	11/14/2007 5:45:28 PM
From: dvdw©	Respond to of 3821

Note This reply answers questions I asked this AM. I extracted this piece from a redundant piece, apearing at Bullwinkels Ihub thread, ( Perhaps this is where CBS's report originated?) Your Economy. The skewed foreclosure to property rate is bottom lined to the fact that multiple foreclosures are issued against single houses. Which then begs the answer that 2nd mortgages are in play and were made available to buyers who might already have been in default on first mortgages. talk about skewed symmetry, this is a great example. Report methodology The RealtyTrac Metro Foreclosure Market Report provides the total number of foreclosure filings by metropolitan area, along with the number of households per foreclosure filing. The household numbers are based on the U.S. Census Bureau’s 2005 estimates of total housing units. Beginning with the Midyear 2007 report, the report also includes counts of properties with at least one foreclosure filing reported against them. This new metric only counts a property once, even if there were multiple foreclosure actions filed against the property during the time period covered by the report. Data is also available at the individual county level. RealtyTrac’s report includes documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). realtytrac.com