When the most frequently quoted source of foreclosure information [RealtyTrac] released its April statistics, it estimated that 3,746 properties in metro Atlanta’s five core counties had been slapped with foreclosure sale notices. But a review of local legal advertisements – the only official source of Georgia foreclosure information – suggested a decidedly different number for April, with 7,462 properties slated for auction on the courthouse steps.
How can governments determine if any of their foreclosure prevention measures are working if they don't know how many are happening to begin with? The answer is they can't, and I agree with CR that this data would be extremely valuable. Read the rest of the article for some good quotes from researchers and officials on the issue.
*Title of this post is a famous quote in the software development world, originating with Tom DeMarco's seminal work Controlling Software Projects: Management, Measurement and Estimation.
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