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» . . . [were] significantly lower than their fair market value." Truman Capital further alleges Nationstar's actions caused the company to suffer at least $35 million in damages. However, a subsequent complaint filed by Nationstar against Truman Advisors states that under Auction.com terms, "[n]o obligation to sell shall be binding on seller unless and until a written contract of sale or loan sale agreement is signed and delivered by seller. Seller reserves the right to rescind any oral acceptance of a winning bid prior to the execution and delivery of an executed contract of sale or loan sale agreement for any reason." Nationstar's complaint, filed in federal court in California, further states Nationstar never executed a written agreement with Truman Advisors to sell the loans offered via Auction.com. Nationstar argued that it simply "exercised its right to rescind any acceptance of a winning bid." American InfoSource Opens New Texas Facility American InfoSource LP (AIS), a diversified, global financial services firm based in Houston, opened a 20,000-square-foot facility near Dallas, Texas. "American InfoSource has experienced tremendous growth in both scope of service and demand for our products," said Blake Hogan, president of American InfoSource. "Our new facility is an important investment in our long-term, continued commitment to our clients and associates." The opening of the new facility in Dallas' Irving suburb completes the transition of business operations from the former Ascension Capital Group (ACG) office located in Arlington, Texas. American InfoSource acquired ACG in May 2012. STAT INSIGHT -6.9% Annual decline in number of non-current Texas mortgages in June. Source: Lender Processing Services Chase to Lay Off Mortgage Employees in North Texas More than 500 of JPMorgan Chase's mortgage finance employees in the North Texas area are set to lose their jobs in October as the bank scales back its troubled loan assistance operations in the wake of a recovering housing market. According to documents filed with the Texas Workforce Commission (TWC) under the Worker Adjustment and Retraining Notification (WARN) Act, Chase is laying off 451 employees in its Fort Worth-based home lending office and an additional 52 employees at its mortgage banking operation in Coppell. In its filing with TWC, the company said the layoffs represent one of "a number of steps to align [Chase's] mortgage business support activities to the current market environment." Employees at both locations have been given 60-day notices; their employment will be terminated October 11. In the filing, Chase said it is committed to helping those employees find other jobs within the company for which they are qualified and will provide outplacement assistance and other severance benefits to eligible persons. VISIT US ONLINE @ DSNEWS.COM "Consider it SOLD" TEXAS Counties Served:: Harris, Fort Bend, Waller and Brazoria 23 Years Experience 30 day Guarantee DOM Certifications: Five Star Institute REO/ Short Sale, CPDE, S.F.R. "Meeting All Your Needs, Exceeding Your Expectations" MMREM Ranks No. 80 on Inc. List Matt Martin Real Estate Management (MMREM), a provider of real property services to the public and private sector, ranked No. 80 on the Inc. 500/5000 list, up from No. 116 in 2012. In the real estate category, Texasbased MMREM was also recognized as the third fastest-growing company, and in the Dallas-area, the company came in at No. 6. MMREM received the recognition after increasing revenue by 3,982 percent over a three-year period ending in 2012. To be included on the list, sales growth must be at least 918.59 percent over three years. "We're delighted to be named to the Inc. 500 list for the second year in a row," said Matt Martin, founder and president of MMREM. "We've had tremendous success growing our business since we started in 2004, and expect that growth to continue in the years ahead." Rhonda M. Schultz Schultz Realty Group, LLC. Rhondaschultz@schultzrealestategroup.com 832-818-6882 cell 281-647-2444 office 281-647-2445 fax www.houstonforeclosuresonline.com 139