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IN THE NEWS West Virginia rank: 34 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 2.49%2.42% 6.9% year ago 2.91%2.48% 7.9% percent point change -14.4%-2.3%-12.7% Top County LINCOLN COUNTY 90+ Day Delinquency Rate may 2012 Foreclosure Rate 5.29%6.81% year ago 6.45%3.46% percent point change -17.9%96.8% Top Core-Based Statistical Area WEIRTON-STEUBENVILLE, WV-OH 90+ Day Foreclosure Delinquency Rate Rate may 2012 Attention Asset Managers WISCONSIN REO BROKER OF CHOICE 2.82%3.35% year ago 3.79%3.61% percent point change -25.4%-7.3% 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. Wisconsin rank: 20 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 2.76%3.47% 6.8% year ago 2.73%4.02% 7.6% percent point change 1.0% -13.9%-10.5% • #1 in Customer Service • Immediate Occupancy Checks, Cash for Keys, Re-Keying, Trash-Out, Winterization, Repairs and Rehabilitation • $30+ Million in Annual Sales • Top Performing REO Broker for Wisconsin • Available 24/7 /365 • Platinum Certified Equator Member • Multi-Forms User • REO Broker Since 2005 • Initial BPO's are consistently within 10% of final sales price • Have established connections with lenders, title companies, contractors, investors, etc. • Top-Performing Buyer Agents Team • 500+ Units Closed in 2011 Top County JACKSON COUNTY 90+ Day Delinquency Rate may 2012 Foreclosure Rate 3.94%6.76% year ago 4.06%6.34% percent point change -3.1%6.7% JASON SCHWITTAY Broker/Owner Top Core-Based Statistical Area CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 90+ Day Foreclosure Delinquency Rate Rate may 2012 3.77%4.54% year ago 3.49%4.92% percent point change 8.2%-7.9% 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 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. 110 Apple Valley Realtors Jason@AppleValleyREO.com 920-702-0130 AppleValleyREO.com 626 E. State St. #1902 Milwaukee, WI 53202 Two American Brokers Look to Launch MLS in the Philippines George B. Flessas intended to retire in the Philippines after selling his REO firm back in Milwaukee, Wisconsin. Instead of settling, living in a new country inspired him to start another venture due to a need he saw for a nationwide multiple listing service (MLS) and the low cost of operating a business in the Philippines. With long-time friend and REO broker Marcus Shirley as his partner, the pair teamed up to create Dataflo MLS, a service that integrates search and list functions, continuing education modules, and a real estate form and contract library. The MLS is scheduled to launch this month and will include general property listings, both commercial and residential, and REOs. Flessas says the system will also include broker price opinion (BPO) technology and separate property management call centers. Flessas, who currently resides in Cebu City, realized it was an ideal place to live due to the low cost of living and the modern infrastructure. As a visitor who plans on making the Philippines his new home, Flessas explained that expatriates can't own single-family units in the Philippines, but they can buy condominiums. Through the MLS he and his partner are creating, interested buyers—whether locals or internationals—can more easily connect with brokers in the area. The Philippines' new MLS already includes a membership of more than 6,000 local brokers and about 1,000 international brokers. KNOW THIS Wisconsin posted the nation's biggest increase in short sale transactions during the first quarter, up 94% from the same period in 2011, according to RealtyTrac.