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RealtyTrac numbers under fire in Atlanta

Company: Reporting methods avoid double-counting
Published on Jun 23, 2009

After changing its reporting methods two years ago in response to accusations that it was overstating the number of homes subjected to foreclosure-related filings, data aggregator RealtyTrac is facing the opposite problem: a newspaper analysis suggesting the company undercounted properties scheduled for auction in the Atlanta, Ga., area.The Atlanta Journal-Constitution said it reviewed legal notices published in newspapers in five metro Atlanta counties, counting 7,462 properties scheduled for auction in April. RealtyTrac, in contrast, reported that 3,746 properties were subjected to auction notices that month, the newspaper said.RealtyTrac is standing behind the methods it uses to collect and report foreclosure-related filings, but says its reports should not be held to the same standards as statistics compiled by government agencies for the purpose of making public policy decisions.The company says the numbers it reported for the Atlanta area in April were lower than the newspaper's ...

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