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Where Oh Where Did My REO Go?

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ยป Oklahoma Oregon rank: 18 90+ Day Delinquency Rate Foreclosure Rate January 2013 2.20% rank: 17 Unemployment Rate 3.18% 5.1% 90+ Day Delinquency Rate Foreclosure Rate January 2013 2.08% 3.16% 5.4% 2.21% 3.41% -5.6% -5.6% -5.3% Top County 90+ Day Delinquency Rate Foreclosure Rate 90+ Day Delinquency Rate 10.33% 2.47% 8.78% 6.52% 2.76% 7.40% year-over-year change 17.6% Top Core-Based Statistical Area -10.6% -11.9% Top Core-Based Statistical Area MCAleSTer, OK 90+ Day Delinquency Rate Prineville, Or Foreclosure Rate 90+ Day Delinquency Rate January 2013 2.39% 6.18% 2.47% 6.52% year ago 5.68% 2.76% year-over-year change 4.5% Foreclosure Rate January 2013 year ago 2.28% Foreclosure Rate year ago year-over-year change -26.5% CrOOk COunTy January 2013 year ago 4.88% -6.7% Top County January 2013 3.59% 9.0% year-over-year change 0.6% AdAir COunTy 8.4% year ago year-over-year change -9.0% Unemployment Rate 3.23% year ago 2.42% VISIT US ONLINE @ DSNEWS.COM 7.40% year-over-year change 8.7% 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 January 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary January 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. OK REO We handle every phase of the REO process from eviction to closing. Our large staff enables us to market 600 REO properties a year. Only certified REO broker in Oklahoma. Grand Centurion Award Winner for 6 Years! Founding member of USREOP. MARY BERRY CRS, e-Pro, CRB, GRI, CEI, CREO, CDPE Broker/Owner 405.631.2500 8524 S. Western, Ste, 102. Oklahoma City, OK 73139 reo21allpro@aol.com FOUNDING MEMBER FOUNDING MEMBER -10.6% -11.9% 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 January 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary January 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. IN THE NEWS Oregon Real Estate Investors Get Jail Time for Wire Fraud Geoffrey Montani, 36, and Kenneth Jones, 50, both of Portland, Oregon, were sentenced to 15 months in prison following their convictions for wire fraud in connection with a mortgage scam. In addition to the prison sentence, each was ordered to pay restitution in an amount exceeding $1.4 million. From mid-2005 through April 2007, Montani and Jones bought and resold houses in the Portland metropolitan area, but their transactions did not involve arms-length negotiations. In 37 separate instances, the two investors knowingly sold the houses to straw buyers who used false information to obtain funding. The buyers were recruited by a co-conspirator, Marty Folwick, who was convicted in 2008 and sentenced to 63 months in prison. All 37 properties subsequently fell into foreclosure. Losses to lenders totaled $1.9 million. Start your day with a professional pick-me-up. Start your day with the most current and critical news on the mortgage default servicing industry from DSNews.com. Sign up for our e-mail newsletter and get the top stories delivered direct to your inbox every day. Register to receive your Daily Dose at DSNews.com 103

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