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Colorado rank: 47 90+ Day Delinquency Rate Foreclosure Rate october 2012 1.75% Unemployment Rate 1.19% 7.9% year ago 1.90% 1.80% 8.1% percent point change -7.7% -33.7% -2.5% Top County Las animas CounTy 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.56% 2.60% year ago 2.72% 2.62% percent point change -5.9% -0.7% Top Core-Based statistical area monTrose, Co 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.33% 2.26% year ago 1.70% 3.39% percent point change 37.7% -33.1% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Colorado Re/Max Alliance & The Haas Team ZAC BROWN 303-456-7790 Direct || 303-619-4803 Cell www.zacbrownrealestate.com www.thehaasteam.com zaclbrown@aol.com IN THE NEWS Specialized Loan Servicing Opens New Facility in Arizona Specialized Loan Servicing LLC (SLS) expanded its presence with the opening of a new facility. Last month, the Colorado-based special servicer opened a 40,000 square- 132 foot mortgage servicing facility in Tempe, Arizona. The expansion will lead to the creation of more than 250 jobs, the company announced. The new positions will range from management roles to relationship specialists. Prospective employees can view openings by visiting sls.net. "The opening of our Arizona location marks a significant step for our business," said SLS CEO John Beggins in a release. "Our expanded operations, capacity, and business continuity programs will allow us to best serve the needs of investors and customers." SLS was founded in 2003 and services a portfolio of more than 248,000 loans, totaling more than $27.5 billion in unpaid balances. Valuation Companies Team Up, Offer REOto-Rental Service REO-to-Rental is becoming an increasingly more attractive option to renters, lenders, servicers, and investors. DataQuick has partnered with RentRange to provide a tool that will help interested parties properly valuate properties. DataQuick, a provider of data-driven real estate information, and RentRange, a company that focuses on providing rental market information, realized there was a need for accurate information on the fair market of a property. Renters need to know if the price of the property is inflated, lenders and servicers want to know if they'll receive a return on their investment, and investors need to know if the property will add to their portfolio value. "When evaluating the suitability of a REO to purchase as a rental, the income potential of the property, vacancy rate, and local market characteristics are all key metrics to be considered," said Walter Charnoff, founder and CEO of RentRange in a statement. "Our unique dataset provides authoritative, granular, and timely rental market intelligence necessary for REO-to-Rental assessment." DataQuick customers will be able to access RentRange information through the DataQuick National Property Database file license, and will use RentRange content as part of its suite of portfolio management solutions. "History shows us that recovery from every economic downturn our country has faced has been led by the housing market," said John Walsh, president of DataQuick, in a statement. "A more traditional recovery stemming from a robust purchase market has not come about as quickly as most would have liked, so alternatives are critical. Maximizing the rental and occupation of REOs serves to benefit renters, lenders, servicers, and investors and is a viable, attractive alternative." RE/MAX: Monthly and Yearly Gain for Home Sales in October Home sales and prices increased in October compared to 2011 levels, while inventory remained a concern, RE/MAX revealed in a recent report. The Denver-based company's housing report is based on a survey of MLS data in 52 metropolitan areas. Home sales posted increases both yearly and monthly in October, which RE/MAX says is "an impressive performance since seasonal patterns typically see a slight drop from September to October." Month-over-month, sales moved higher by 5.4 percent and were up 17.8 percent from October 2011. Out of the 52 metros tracked, 48 experienced yearly increases in sales, with Providence seeing a 48 percent jump, followed by Chicago (+44 percent); Albuquerque (+39.3 percent); Burlington, Virginia; (+37 percent); and Wichita, Kansas (+32.2 percent). The median sales price in October 2012 stood at $158,900, a 3.7 percent decrease from September but a 2.1 percent increase from October 2011. The year-over-year increase is the ninth straight month RE/MAX has recorded annual gains. Out of the 52 metro areas surveyed, RE/ MAX says 48 experienced annual price gains with 18 posting double-digit increases. Phoenix saw a 33.9 percent price increase from last year, while San Francisco trailed close behind with a 31.2 percent appreciation compared to a year earlier. Inventory in October declined from the month before as well as year-over-year. Compared to September, inventory was down 6.3 percent, marking the 28th consecutive month with a reduction in housing supply. Since October 2011, RE/MAX says inventory has fallen 28.9 percent. The months of remaining inventory was 5.2 in October, down from 7.7 the year prior. With inventory dwindling, the average number of days homes were on the market