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IN THE NEWS Slavic Village Recovery Kicks Off with Successful Volunteer Event The Slavic Village Recovery, LLC (SVR) officially kicked off with a volunteer event. SVR—a collaborative partnership involving efforts from private companies, nonprofit stakeholders, and the public sector—seeks to restore the Slavic Village community that was devastated by the foreclosure crisis. According to SVR, the Slavic Village community in Cleveland, Ohio, held the highest foreclosure rate in the country in 2007. To revitalize the historic community, the collaboration aims to rehabilitate singlefamily homes while creating opportunities for affordable housing. The community volunteer event on July 17 targeted more than 70 homes that needed work and attracted over 70 volunteers who trimmed lawns, removed trash, and cut down trees. The combined efforts resulted in more than 35,000 work hours. Employees from Safeguard Properties, Forest City Enterprises, RIK Enterprises, and SecureView took part to help rehabilitate properties. Safeguard Properties donated three lawnmowers, tools, and gloves, while Forest City provided lunch and refreshments for volunteers throughout the day. SecureView donated and installed windows and door systems for two vacant homes in the project area and sponsored a hand washing station for volunteers. "On behalf of the Division of Park Maintenance and Properties, I thank you," said Commissioner Richard Silvia. "I cannot recall a volunteer effort as well planned and executed." PRISM TITle & CloSIng SeRvICeS National REO Title & Closing Company Experience the PRISM Advantage! ~ Consistently Surpasses Industry Timelines ~ ~ Tailors Services to Client Needs ~ ~ Proactive Communication ~ ~ Efficiency, Speed, Accuracy, Accountability ~ ~ Conducts Business with Respect for Everyone at All Times ~ PRISM Title & Closing Services Angi Schuerman Business Relationship Manager Office: 859-344-2822 Cell: 513-382-6567 Angi.Schuerman@PRISMClosings.com www.PRISMClosings.com Regional In-House Footprint: Ohio, Kentucky, Indiana, Michigan, Minnesota and Florida Now offering REO title & closing services NATIONWIDE Member of the Gerner Law Family of Companies www.GernerLaw.com Oklahoma rank: 19 90+ Day Delinquency Rate Foreclosure Rate June 2013 2.1% 2.6% 29,768 Foreclosures completed in Ohio in the 12 months ending June 2013. Source: CoreLogic 5.2% year ago 2.2% 3.3% 5.2% year-over-year change -2.6% -20.9% 0.0% Top County 90+ Day Delinquency Rate AdAir COunTy Foreclosure Rate June 2013 3.4% 11.2% year ago 3.8% STAT INSIGHT Unemployment Rate 7.8% year-over-year change -11.3% IN THE NEWS First Financial Network Announces $200M Loan Portfolio Offering First Financial Network, Inc. (FFN) announced the offering of a $200 million performing and nonperforming loan portfolio on behalf of a community bank. According to FFN, the portfolio consists of commercial real estate and commercial and industrial loans as well as agricultural, residential, and consumer loans. Due diligence on the portfolio began August 19; bids are due September 17. Oklahoma-based FFN just closed the bidding period on $35 million in performing and nonperforming loans concentrated in California, New York, and New Jersey on behalf of a money bank center. "Over the past two quarters there has been a sharp increase in pricing across all asset classes coupled with a need for community banks to clean up their balance sheets," said Bliss Morris, founder and CEO of FFN. 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. 44.0% Top Core-Based Statistical Area MiAMi, OK 90+ Day Delinquency Rate Foreclosure Rate June 2013 3.2% 5.3% year ago 2.6% 6.2% year-over-year change 23.8% -13.5% 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 June 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. 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 134