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over $60 million in reo sales annually residential & commercial Marketing, Sales & Management Cash For Keys Utility Set-Up BPO's Evictions Same Day Occupancy Confirmation Experts In HOA Communications Loss Mitigation Property Preservations & More 407. 876. 3615 Mary Cubelo-Hinton / Broker mcubelo-hinton@suncrestfl.com www.SunCrestFL.com SmartChoiceRealtyCorp.com HomesInGainesvilleFL.com Smart Choice. Smart Move. ruling is not likely to fall in favor of the homeowner Pino, who accuses Bank of New York Mellon of using a fraudulent assignment of mortgage to show his loan had been transferred from the original owner in order to obtain a foreclosure. In its analysis, Moody's pointed out that two previous rulings and the justices' remarks at oral argument already express the unlikelihood of favor towards the homeowner. The trial court and the entire body of the appellate court voted 9-2 against the homeowner, and the justices stated Florida law already has sufficient remedies and sanctions to deal with fraud. Moody's said, "[t]hese include the ability of a homeowner to challenge a completed foreclosure obtained through fraud, the availability of sanctions against those who knowingly make false statements to the court, and the recent amendments to the Florida rules requiring verification of the ownership and right to enforce the mortgage note and giving greater authority to sanction plaintiffs who make false allegations." Expressing concerns over the effects of a ruling in favor of the homeowner, the justices also addressed the potential impact of a ruling in favor of Pino on non-mortgage civil litigation, Moody's stated. However, if the court were to rule in favor of the homeowner, Moody's explained the consequences would be limited because the ruling would only be applicable in cases involving fraudulent documents, not document flaws born out of careless mistakes. Even though proving fraud would mean showing a false statement or action with the intent to deceive, Moody's said a flawed document without fraud would still slow down the foreclosure process due to having to go through a hearing to try and prove fraud. This would create an even greater backlog of foreclosures in a state known for having a high percentage of foreclosures. Recent data KNOW THIS UNFAILING DEDICATION. » Members of four different multiple listing services for a broader marketing area for listings and an expanded look at comps for REOs and BPOs. « » Dedicated buyers agents « » On-staff property preservation manager « » On-staff marketing director « » On-staff data input manager. « » RES.NET Certified, Five Star Certified, and proficient in Fannie Mae Multi-forms. « Covering: Alachua, Columbia, Dixie, Gilchrist, Levy, and Marion counties LORI CAMFFERMAN 3801 N.W. 40th Terrace, Suite B Gainesville, Florida 32606 Office: 352.376.2779 Mobile: 352.215.0437 Lori@SCGainesville.com 84 Vero Beach, Florida, was ranked by RealtyTrac as the "best beach town for foreclosure bargains," with discounts averaging 45%. from CoreLogic revealed the state has the highest percentage of mortgages in foreclosure inventory out of all states. Also, the Florida Realtors reported the state holds nearly a third of all shadow inventory nationwide, with shadow inventory counted as the number of distressed properties not listed on the market. IN THE NEWS Home for Good Campaign Hosts Town Hall Meeting in Miami The Home for Good campaign town hall tour made a stop in Miami on June 21. The National Council of La Raza (NCLR) and 10 organizations launched the national campaign to address the impact of the housing crisis on minority communities, particularly blacks and Latinos. At the town hall meeting in Miami, local experts and officials discussed the housing issues in South Florida that led to the area's high volume of foreclosures and other problems. The campaign aims to stop unnecessary foreclosures, protect affordable housing, and keep homeownership available. The other partnering groups include the Center for American Progress, Center for Responsible Lending, Empowering and Strengthening Ohio's People, Greenlining, Homes on the Hill, Kirwan Institute, National CAPACD, National Fair Housing Alliance, National Urban League, Nuestra Voz, Líderes Del Valle De Sonoma Inc., and the Opportunity Agenda. Ex-President of Orion Bank Gets 6 Years for Fraud The former president of Orion Bank was convicted for conspiring to commit bank fraud and making false statements to bank examiners, U.S. Attorney Robert E. O'Neill announced in a release. U.S. District Judge Charlene Edwards Honeywell sentenced Jerry J. Williams of Fort Worth, Texas, to six years in federal prison. Williams served as president, CEO, and chairman of the Board of Orion Bancorp and the former Orion Bank. The failed bank was headquartered in Naples, Florida, and was closed by state regulators on November 13, 2009.

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