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VISIT US ONLINE @ DSNEWS.COM for lenders, servicers, estates, private owners, and investment companies. The company currently has a 14-person sales team and 12 marketing employees. During the next year, AmeriBid plans on tripling the size of its auctioneer sales force. "Our plan is to have the best real estate auction professionals in the business as part of the AmeriBid team," said CEO Stan Schreyer. "We offer our sales team the best auction training in the industry, generous commission splits, and extensive marketing resources. We have a first-class sales team now, and it will only get better." Leading the team are: Latham; Karbelk; Schreyer; Rob Hart, president and COO; and John Pellow, chief marketing officer. "Operating under the AmeriBid name, we will have the talent and resources necessary to execute on even more auctions than I did in the '80s and '90s," Latham said. During the savings and loan crisis, Latham sold more than 150,000 properties for the FDIC, Resolution Trust Corporation, HUD, and Department of Veterans Affairs through his company, Larry Latham Auctioneers. The new company, AmeriBid, will also own the Larry Latham Auctioneers brand. "No other auction company has sold as much real estate as Larry Latham," said Karbelk. "To bring Larry's transaction experience to our new company, we will become a dominant force in the real estate auction business." InHouse Connexions Connects with Mercury Network Lenders using InHouse Inc.'s Connexions platform are now able to place appraisal orders with any appraisal management company (AMC) using Mercury Network from workflow technology specialist a la mode. According to a la mode, lenders using Connexions will now have far more control when selecting appraisal providers, with a direct connection to many of the full-service AMCs that rely upon Mercury Network. "We're excited to bring the integration to our lender clients," said Jennifer Creech, president of InHouse, Inc. "This brings a dramatically expanded array of options to our lenders, easing their day-to-day operations and enabling them to get the highestquality appraisal reports. Mercury Network is already connected to these AMCs, and offers a very flexible API that made the integration simple, yet very powerful for our clients." Rather than investing time and money to connect to AMCs separately, as an ad hoc process outside of their Connexions software, the integration gives Connexions clients instant and fully integrated access to a full list of AMCs in the business. "We're proud to connect AMCs on Mercury Network with new lender clients through Connexions," commented Jennifer Miller, president of a la mode's mortgage solutions division. "This integration is a single point of entry to the nation's best AMCs, and we're confident Connexions clients will have far superior appraisal operations as a result." Mercury Network's customization options enable workflow to be streamlined on a lender by lender basis, with supported events and specific business requirements that are supported and enforced by the integration. Payment for the appraisal can also be passed directly to the AMC and processed—providing the lender a receipt of the payment in real-time. Oklahoma-based a la mode's desktop, mobile, and Web tools are used by more than 100,000 real estate and mortgage lending professionals in the United States. InHouse, based in California, is a provider of appraisal solutions for the mortgage industry. Oregon rank: 21 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 2.05%3.38% 8.4% year ago 2.47%3.21% 9.5% percent point change -16.7%5.3%-11.6% Top County 90+ Day Delinquency Rate CROOK COUNTY Foreclosure Rate may 2012 2.28%6.72% year ago 3.59%8.26% percent point change -36.6%-18.6% Top Core-Based Statistical Area BEND, OR 90+ Day Delinquency Rate Foreclosure Rate may 2012 2.16%4.79% year ago 3.55%5.85% percent point change -39.1%-18.0% 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 May 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. IN THE NEWS ForeclosureRadar: May Activity Dominated by Local Conditions Foreclosure activity in May was marked by lenders being impacted by local market conditions rather than any national trend, according to ForeclosureRadar's West Coast market report. The company examined all foreclosure activity—sales, starts, and timelines—for Oregon, Washington, Arizona, Nevada, and California in the month of May. While foreclosure starts and sales rose overall between the five states, individual activity widely varied. Oregon's sales dropped month-over-month by 21.3 percent but were still flat against May 2011. Starts rose 11.6 percent between April and May, and time-to-foreclose increased 1.4 percent to 148 days. Washington saw sales and starts grow in May (22.4 percent and 6.3 percent, respectively), with time to foreclose decreasing by a slight 1 percent to 99 days. In Arizona, foreclosure sales increased 30.1 percent over April, but that number was still down year-over-year by 39.2 percent. Foreclosure starts were down 10.8 percent for the month and at 125 days, time-to-foreclose decreased by 12 percent. In Nevada, foreclosure starts and sales increased month-over-month by 20.3 percent and 7.8 percent, respectively, and time-toforeclose hit an all-time high of 464 days, which ForeclosureRadar attributes to a state law that went into effect in October 2011. Foreclosure sales in California increased by 6.1 percent compared to April, driven largely by the 14 percent month-over-month increase in foreclosure sales to third parties. The numbers show little impact from the state attorney general's Homeowner Bill of Rights, a portion of which has been signed into law. However, ForeclosureRadar speculates that the remaining pieces of the Bill of Rights package, if passed, may significantly alter the California foreclosure marketplace. "I continue to find the push to 'stop' foreclosures, as we are currently seeing play out in the California Legislature, ludicrous," said Sean O'Toole, founder and CEO of ForeclosureRadar. "The real problem is negative equity, and the only thing stopping foreclosures will accomplish is ensuring that we are stuck with the negative equity problem for far longer than necessary." 101

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