FLASH: Foreclosures soar a shocking 87% vs. last year. But of course REIC-advertising-supported MSM will report drop in foreclosures today

Here's Yahoo's spin via Reuters (gotta take care of REIC advertisers like LendingTree) and homepage headline:

Home foreclosures fall seven percent

And here's the SF Examiner doing their job, unlike their corrupted peers:

Foreclosure activity rises dramatically - Bay Area defaults, auctions, repossessions nearly triple; nationwide notices are up 87%

And here's some of the lowlights from the actual RealtyTrac report:

RealtyTrac today released its June 2007 U.S. Foreclosure Market Report, which shows a total of 164,644 foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported during the month, down 7 percent from the previous month but still up 87 percent from June 2006

Nevada, California, Colorado post top foreclosure rates. With one foreclosure filing for every 175 households in June, Nevada documented a foreclosure rate more than four times the national average and highest among the states for the sixth month in a row.

Other states with foreclosure rates ranking among the nation's 10 highest in June were Florida, Arizona, Ohio, Michigan, Georgia, Connecticut and Indiana.