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Alabama rank: 40 90+ Day Delinquency Rate Foreclosure Rate october 2012 3.91% Unemployment Rate 1.53% 8.1% year ago 3.78% 1.78% 8.5% percent point change 3.6% Huntsville, and Mobile, Alabama, and Pensacola, Florida. Sirote & Permutt is Alabama's only member of the Law Firm Alliance, an international association of more than 50 law firms, which by membership gives the firm access to local experts throughout the world. -14.4% -4.7% Arizona rank: 33 90+ Day Delinquency Rate Foreclosure Rate october 2012 2.47% 1.89% 3.36% 3.57% STAT INSIGHT -26.6% -47.1% PinAl CounTy 90+ Day Delinquency Rate october 2012 2.68% 4.57% 3.49% year ago 2.56% percent point change 4.8% Top Core-Based Statistical Area MoBile, Al 90+ Day Delinquency Rate Foreclosure Rate october 2012 6.74% 2.68% year ago 5.31% 2.56% percent point change 26.8% 4.8% 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. IN THE NEWS Sirote & Permutt Hosts Seminar on REO Legal Issues The law firm of Sirote & Permutt, PC, recently hosted its eighth annual REO Real Estate Legal Issues seminar for Alabama Realtors who represent the firm's mortgage servicing clients. Sirote attorneys Jeff G. Underwood, Greggory M. Deitsch, and Caroline E. Walker spoke at the half-day seminar. Topics included Alabama law as it relates to REO closings, title issues, manufactured housing, and evictions. "It is a pleasure to host our annual seminar for the Realtors who work with our mortgage banking clients," said Jerry E. Held, chair of the law firm's mortgage banking practice group. "It's a great opportunity to interact with the Realtors, answer questions, and learn more about the industry." Sirote & Permutt's mortgage banking practice group features 30 mortgage banking attorneys, including 15 mortgage litigators who have a 65-year history of trying cases for the financial services and mortgage banking sector. The firm represents clients throughout the United States from its offices in Birmingham, 126 Foreclosure Rate october 2012 year ago 26.8% -12.0% Top County Foreclosure Rate 5.31% 9.2% percent point change MACon CounTy 6.74% 8.1% year ago Top County 90+ Day Delinquency Rate Unemployment Rate 6.27% Foreclosure completions in November 2012 in Alabama. Source: RealtyTrac 5.59% percent point change -27.0% -37.5% Top Core-Based Statistical Area nogAleS, AZ 90+ Day Delinquency Rate Foreclosure Rate october 2012 3.48% 3.12% year ago 3.81% 4.27% percent point change -8.9% -26.9% 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. Alaska rank: 50 90+ Day Delinquency Rate Foreclosure Rate october 2012 1.13% Unemployment Rate 0.91% 7.1% year ago 1.16% 1.01% 7.5% percent point change -2.7% -9.7% -5.3% Top County We know your HOT buttons. KeTChiKAn GATewAy BorouGh 90+ Day Foreclosure Delinquency Rate Rate october 2012 0.72% 1.46% year ago 1.31% 1.41% percent point change -44.9% 3.9% Top Core-Based Statistical Area ARIZONA: Yavapai, Coconino, Gila County KeTChiKAn, AK 90+ Day Delinquency Rate Foreclosure Rate MEMBER october 2012 0.72% 1.46% year ago 1.31% 1.41% percent point change -44.9% note: 3.9% 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. Holly Grigaitis Designated Broker 928.284.9367 reo@optionsaz.com verdevalleyrealestate.com