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» Georgia rank: 32 90+ Day Delinquency Rate Foreclosure Rate october 2013 3.3% Unemployment Rate 1.4% 8.1% year aGo 4.1% 2.2% 8.8% year-over-year chanGe -21.2% -36.1% -8.0% Top County evans county 90+ Day Delinquency Rate Foreclosure Rate october 2013 1.8% 3.8% year aGo 4.9% 1.6% year-over-year chanGe -62.7% 133.1% Top Core-Based Statistical Area cedartown, Ga 90+ Day Delinquency Rate Foreclosure Rate october 2013 4.6% 2.4% year aGo 5.1% 3.1% year-over-year chanGe -9.8% -23.3% 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 October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Georgia Marc Oppenheimer Associate Broker, CDPE / BPOR Serving REO Since 1987 1854 Independence Square, Suite D Atlanta, GA 30338 Phone: (770) 668-0063 Cell: (678) 296-6550 oppy@atlantareo.com www.atlantareo.com IN THE NEWS U.S. Bank Exec Pleads Guilty to Bribery A former U.S. Bank executive plead guilty to receiving bribes from Oxford Collection Agency over the course of several years in exchange for business, according to an announcement from the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). Wilbur Tate III, 49, of Dacula, Georgia, served as assistant VP at U.S. Bank from January 2004 through February 2011. He allegedly accepted bribes from Oxford Collection Agency starting in 2008. "Tate took bribes which began with expensive cigars and escalated to cash payments of as much as $5,000 per month disguised in cigar boxes," said Christy Romero, TARP's special inspector general. Oxford Collection allegedly sent cigar boxes filled with cash to Tate's home in Mason, Ohio, in order to win business from Minneapolis-based U.S. Bank. "While the country struggled through the financial crisis, rather than collect the debt of TARP banks, executives at Oxford ripped off TARP banks in a $12 million debt fraud scheme, and Tate shared in their spoils," Romero said. Tate was arrested in February, plead guilty to one count of conspiracy to commit bank bribery in November, and awaits sentencing in February 2014, according to SIGTARP. "Tate, an officer at TARP recipient U.S. Bank, admitted to taking $24,000 in kickbacks from debt collectors at Oxford Collection Agency in exchange for U.S. Bank's collections business," Romero said. Conspiracy to commit bank bribery could earn Tate up to five years in prison. Hudson & Marshall Selected to Auction 150 FDIC Properties Hudson & Marshall was chosen to auction more than 150 single-family properties for the FDIC last month using a specially tailored version of the company's online and offline auction process. Five separate auctions took place from December 4–10 on properties located in Georgia, as well as Alabama, Florida, and North Carolina. The homes came into the FDIC's possession through its receiverships of failed lending institutions. In addition to live auctions at each site, property bids were placed online via a realtime simulcast on Hudson & Marshall's H&MLive! Web portal. "Banks have made much progress in selling their foreclosed assets over the last three years," said David Webb, principal and owner of Hudson & Marshall. "With people feeling more confident with the economic recovery and so many local real estate markets stabilizing or experiencing an upturn, buyers realize VISIT US ONLINE @ DSNEWS.COM that they'll soon see fewer opportunities to buy real estate at today's prices." Dallas, Texas-based Hudson & Marshall is a full-service real estate auction firm specializing in bank-owned foreclosure listings. With 50 years' experience, the company utilizes a unique marketing approach coupled with an auction strategy that is individualized to suit each property. STAT INSIGHT 14.2% Annual increase in home prices in Georgia, compared to the national average of 12.5% Source: Wells Fargo Securities Economics Group Kentucky ranK: 25 90+ Day Delinquency Rate Foreclosure Rate october 2013 2.3% Unemployment Rate 1.9% 8.4% year ago 2.5% 2.8% 8.1% year-over-year change -6.1% -30.2% 3.7% Top County harlan county 90+ Day Delinquency Rate Foreclosure Rate october 2013 4.6% 6.7% year ago 5.1% 6.9% year-over-year change -8.8% -2.7% Top Core-Based Statistical Area london, Ky 90+ Day Delinquency Rate Foreclosure Rate october 2013 3.2% 3.8% year ago 3.3% 5.0% year-over-year change -4.5% -24.0% 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 October 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary October 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. 127