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ยป Firm partners John D. Clunk and Robert R. Hoose, along with attorney Shan P. Massand, will lead the new practice. They have more than 40 years' combined experience in the mortgage industry and in the practice of foreclosure and bankruptcy law. "We're extremely excited to expand our practice to Florida," Clunk said in a release. "We recognize the business needs of our clients, who have asked us to expand to Florida; and we're proud to bring our legal and industry expertise, full-spectrum capabilities, integrity, and leadership to mortgage lenders and servicers." The firm aims to bring cost-effective default management services to lenders and servicers in the South Florida market by providing complete creditor representation in the areas of foreclosure, bankruptcy, eviction, loss mitigation, title services, REO management, and litigation. As an added value to clients, the firm also offers a proprietary secure Web-based solution known as ED for case management. In addition, it delivers 24-hour turnaround response times for clients, with full, automatic documentation throughout the process. The Law Offices of Clunk, Hoose and Associates is part of the John D. Clunk Family of Companies, which includes the Law Offices of John D. Clunk Co., LPA, based in Ohio; Clunk, Paisley & Associates, based in Kentucky; and Omega Title, serving the state of Ohio. Georgia Georgia rank: 31 90+ Day Delinquency Rate Foreclosure Rate February 2013 3.9% Unemployment Rate 2.0% Florida homes in the state's foreclosure inventory as of February monthend, the highest state rate in the country. Source: CoreLogic Marc Oppenheimer 8.6% Associate Broker, CDPE / BPOR year ago 4.6% 2.7% 9.2% year-over-year change -15.3% -24.6% -6.5% Top County ClayTon CounTy 90+ Day Delinquency Rate February 2013 1854 Independence Square, Suite D Dunwoody, GA 30338 Phone: (770) 668-0063 Cell: (678) 296-6550 oppy@atlantareo.com Foreclosure Rate 8.5% ODI 4.2% year ago 9.7% 4.9% year-over-year change IN THE NEWS -12.5% -13.5% Top Core-Based Statistical area ThomaSTon, Ga 90+ Day Delinquency Rate Foreclosure Rate February 2013 5.2% 3.3% year ago 5.7% 4.2% year-over-year change -8.7% -21.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the February 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary February 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Georgia REO STAT INSIGHT 9.9% VISIT US ONLINE @ DSNEWS.COM Michele Calloway Acre Group 1942 Beaver Ruin Road, Suite B Norcross, GA 30071 678.310.3222 phone 404.424.3298 cell 404.806.5127 fax acregroupusa@gmail.com www.acregroupusa.com COUNTIES SERVED: Gwinnett, Dekalb, North Fulton SERVICES: Loss Mitigation Services, Preforeclosure Services/Analysis, Property Management, Valuation Services AFFILIATIONS: NAR, NAREB, AREAA, NAHREP, Short Sale Network, United Developers Council of Nareb Ocwen Closes Deal for Genworth's Liberty Home Equity Solutions Ocwen Financial Corporation announced the closing of its deal to acquire the country's largest reverse mortgage lender. The Atlanta-based financial services holding company announced in October it had entered into an agreement with Genworth Financial Corporation to purchase Liberty Home Equity Solutions, at the time known as Genworth Financial Home Equity Access. The purchase price was approximately $22 million. Ocwen CEO Ron Faris expressed his excitement in the company's third-quarter earnings report, saying the deal "positions [Ocwen] well in a market with enormous future growth potential." He maintained that outlook in the company's recent announcement. "Liberty is the industry leader in helping seniors secure their retirement with strong customer-service and superior quality. We believe this promising market offers enormous long-term growth potential, and this purchase positions Ocwen to capture that growth," Faris said. "We are very excited to complete this transaction and become a part of one of the largest mortgage servicing and origination companies in the industry," said Pete Engelken, president of Sacramento-based Liberty. "Together we will be able to help even more seniors with home equity retirement income solutions, including FHA [Federal Housing Administration] and proprietary products." 89