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South Dakota Texas 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 rank: 45 0.96%1.72% 4.3% rank: 44 2.64%1.77% 7.0% year ago year ago 1.06%1.56% 4.9% 2.87%1.73% 8.0% percent point change percent point change -9.2% 10.5%-12.2% -8.1% 2.3%-12.5% Top County Top County TURNER COUNTY 90+ Day Delinquency Rate WILBARGER COUNTY Foreclosure Rate 90+ Day Delinquency Rate Foreclosure Rate march 2012 march 2012 1.33%3.53% 2.53%4.17% year ago year ago 1.53%2.96% 2.32%1.74% percent point change percent point change -12.7%19.2% 9.4%140.2% Top Core-Based Statistical Area Top Core-Based Statistical Area SIOUX CITY, IA-NE-SD Foreclosure Rate march 2012 MCALLEN-EDINBURG-MISSION, TX 90+ Day Foreclosure Delinquency Rate Rate march 2012 1.43%2.08% 3.00%2.89% 90+ Day Delinquency Rate year ago year ago 1.70%2.62% 3.77%2.79% percent point change percent point change -16.3%-20.4% -20.5%3.6% 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 March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 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 March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Texas Tennessee rank: 34 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 4.18%2.24% 7.9% year ago 4.40%2.47% 9.4% percent point change -5.0% -9.5%-16.0% Top County 90+ Day Delinquency Rate SCOTT COUNTY Danny Norwood Legacy Real Estate 432-413-2764 cell danny@dannynorwood.com www.dannynorwood.com Foreclosure Rate march 2012 3.67%5.62% year ago 4.26%4.30% IN THE NEWS percent point change -13.9%30.5% Top Core-Based Statistical Area MEMPHIS, TN-MS-AR 90+ Day Delinquency Rate Foreclosure Rate march 2012 6.93%3.09% year ago 7.06%3.13% percent point change -1.8%-1.1% 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 March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 106 Texas Man Gets 61 Months in Prison for Foreclosure-Rescue Scheme An Austin, Texas, man was sentenced to 61 months in prison for his role in a foreclosure-rescue scam that took place in Southern California and elsewhere, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced last month. Frederic Alan Gladle, 53, was charged in the Western District of Texas and ordered to forfeit $84,010 and 63 prepaid debit cards he used for his scheme, in addition to his sentence. Gladle pleaded guilty on January 6, 2012, to one count of bankruptcy fraud and one count of aggravated identity theft after being originally charged on December 9, 2011. Gladle admitted that from October 2007 until October 2011, he ran a foreclosure-rescue fraud scheme in which he netted more than $1.6 million in fees from distressed homeowners, according to a statement issued by SIGTARP. Gladle engaged homeowners whose properties were in danger of foreclosure and falsely promised to delay the foreclosures up to six months in exchange for monthly fees approximating $750. Gladle directed homeowners to sign deeds giving fractional interest in their properties to debtors in bankruptcy proceedings. Gladle found the debtors by searching bankruptcy records, with the debtors unaware their names and bankruptcy cases were being stolen and used by Gladle. Gladle then sent the unknowing debtors' bankruptcy petitions and the deeds that transferred fractional interest to the debtors to the homeowners' lenders to stop foreclosure proceedings. When in bankruptcy, debtors are protected from losing their property, so the receipt of the bankruptcy petitions and deeds in the debtors' names prevented lenders from foreclosing on the properties. The lenders, which included banks that received government funds under TARP, also could not move forward to collect money that was owed to them without permission from the bankruptcy courts. When homeowners wanted to void the deeds to the unsuspecting debtors, Gladle would forge the debtors' signatures on papers voiding the deeds. Another defendant, Glen Alan Ward, was charged in a similar foreclosure rescue scheme in California. According to court documents, Ward, who also goes by Brandon Michaels, is alleged to have worked with and taught Gladle the scheme. Ward was arrested in Canada, where he is detained pending his extradition to the United States.