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To determine the property's potential, the report uses an analysis of rental comparables in the area, assesses property characteristics, and examines rental market trends. Trends looked at include the number of rentals-on-market, days-on-market for rental listings, and if rates are increasing, decreasing, or stable. It also offers "as-is" and "as-repaired" estimates of the rental rate for the specific property. "With investment opportunities in rental properties heating up, investors and organizations are looking for much higher degrees of insight into the rental potential of their properties. This level of insight is only possible from a feeton-the-ground analysis" said Kevin Marshall, president and co-founder of Clear Capital. "Our Rental Market Report was designed specifically to give them the intelligence they need to reduce risk and ensure better returns on their investments in rental properties." Headquartered in Truckee, California, Clear Capital is a provider of data and solutions for residential and commercial real estate asset valuations. CoreLogic Launches Assignment Validation Report CoreLogic, a Santa Ana, Californiabased provider of property information, analytics, and business services, announced the launch of the Assignment Validation Report to assist with the growing need for mortgage servicers to quickly and efficiently identify the current mortgage beneficiary and document the chain of assignment prior to initiating foreclosure. The report includes copies of the recorded mortgage, assignments, and affidavits of lost assignment. "[W]e make it a priority to thoroughly understand the latest regulatory foreclosure requirements and using our access to data, technology, and expertise, we provide our clients with solutions to the regulatory challenges," said Arlene Hyde, an SVP with CoreLogic. "The Assignment Validation Report is a great example where our innovation provides an efficient solution for our clients while helping them achieve compliance." In response to regulatory and investor requirements recently mandated by multiple agencies, the Assignment Validation Report provides access to a network of recorded residential document databases and a nationwide network of field abstractors that assist servicers with completing foreclosure referral packages. 78 Servicers often begin the foreclosure process when a loan becomes 90 days delinquent, which currently represents approximately 7 percent of all loans, according to the latest CoreLogic MarketPulse Report. The Assignment Validation Report and document collection procedure can be initiated early in the foreclosure process to identify the recorded assignment chain and indicate where assignments may be missing. CoreLogic's Assignment Validation Report is available through ePostClosing. Investment Firm Predicts Second Wave of Foreclosures in San Diego San Diego County is in for a second wave of foreclosures; and this time, it will be even bigger than before, according to Blue Sky Capital, a San Diego-based real estate investment firm. Blue Sky Capital tracked area properties and found that loans funded with option adjustable-rate mortgages (ARMs) and alternative A-paper (Alt-A) loans are about to see higher interest rates. This will lead to higher mortgage payments for homeowners and will cause those who can't afford the new payments to potentially go into foreclosure. "While these option ARM and Alt-A loans exist throughout the county, areas like Carmel Valley are filled with them," said Chris Williams, CEO of Blue Sky Capital. "During our tracking of distressed properties in the county, we found many homes in areas like Carmel Valley were purchased with zero or a small amount down, so there is very little equity in these properties." With more than 36 percent of all mortgages in San Diego underwater, the investment firm says it expects things to get worse before they get better. Blue Sky Capital also tracks housing supply and home prices and gives credit to negative equity for the rise in home prices since it is preventing people from listing their homes for sale. Williams explained that recent price gains are only temporary and not a real sign things are improving. "These situations are unsustainable and certainly short lived," he said. "Strategic defaults, foreclosures, and property value declines have to happen for the market to reset and clear itself of the toxicity from the greatest mortgage mess of this century." California Agent Pleads Guilty to Fraud Involving Short Sales Listen closely to the beat of the industry. DS News—keeping you in sync with success. Subscribe today. Call 214.525.6700 or visit DSNews.com. A California real estate agent pled guilty to conspiracy to commit real estate fraud after collecting short sale fees he was not entitled to, according to a statement issued by the California Department of Real Estate (DRE). In October 2010, the DRE filed an action against Matthew Wayne Stewart and alleged he received illegal profits in two short sale transactions in Placer and Nevada counties. Stewart was accused of requiring buyers in the two transactions to pay additional short sale negotiation fees that were hidden and not disclosed to the lenders or sellers. The allowable compensation to be paid to agents can't exceed 7 percent of the sales price, but Stewart exceeded this by having the buyers pay an additional 3 percent. The case was referred to the state's Mortgage Fraud Strike Force. On December 28, 2011, the California Attorney General filed