Humberto Cruz: Financial advice is good for all seasons
Join the discussion below, or Read more at South Florida Sun-Sentinel.
#1 Jun 16, 2008
HEY HUMBERTO! The Sun-Sentinel deliberately DISTORTS and INFLATES the monthly Broward FORECLOSURE STATISTICS BY 300% in FRONT PAGE headlines for the past four years scareing away home buyers and killing the local economy and now they want to help! The Sun-Sentinel like most of the media gets the monthly foreclosure stats from REALTY TRAC. Realty Trac VP Richard Sharga stated in response to criticism from mortgage industry officals concerning the media reporting INFLATED FORECLOSURE STATISTICS that his company tracks foreclosure filings NOT foreclosures and there are at least three filings for every home in foreclosure. The news media, including The Sun-Sentinel have mislead readers by incorrectly reporting that the number of gross filings were actual homes being foreclosured!! Realty Trac VP Sharga states that he has WARNED REPORTERS ALL DAY LONG that these were GROSS FILINGS and not actual foreclosures but his warnings "fall on deaf journalistic ears"!! So how can The Sun-Sentinel justify scareing away homebuyers and causing homeowners to panic sell their homes with INFLAMATORY and INFLATED foreclosure statistics!! Try writing a story ACKNOWLEDGING YOUR MISTAKE and telling readers HOW AND WHY YOUR real estate reporter PAUL OWERS, SCREWED UP!! If a public company or public offical INFLATED their earnings or arrests The Sun-Sentinel would be ALL OVER THEM. Does your memory go back far enough to remember BSO and Sheriff Ken Jenne's arrest stat scandal or is your journalistic motto..."Do as we say but not as we do!" If you REALLY want to help people do what's right for a change AND WRITE A CORRECTION STORY ON THE FRONT PAGE which is where PAUL OWERS put the FRAUDULENT FORECLOSURE HEADLINES!
Since: Oct 11
#3 Oct 18, 2011
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