Luke Mullins over at U.S. News & World Report uncovered an interesting trend this week — a flood of trustee sale notices is boosting the bottom line of more than a few local newspapers:
Foreclosure notices are filling in where condo sales and auto deals once held sway. “There are definitely more than we’ve ever seen,” says Ginger Stanley, executive director of the Virginia Press Association. “I’ve been in the business 30 years.” Here’s what Stanley’s talking about: On March 13, the Washington Post’s classifieds section totaled 22 pages, approximately 14 of which were devoted to what are technically known as “trustee’s sales.”
