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» VISIT US ONLINE @ DSNEWS.COM 87 debt to other collections agencies." According to the indictment, Potillo is the owner and manager of United Credit Recovery (UCR), LLC, of Seminole County, Florida. UCR purchased charged-off con- sumer overdraft debt portfolios from financial institutions for the purpose of collecting debt to sell to third-parties at a profit. When purchasing debt portfolios from U.S. Bank, Potillo allegedly bribed a U.S. Bank officer with more than $1 million for inside information. Furthermore, UCR misrepresented the quality of the debt to the third-party debt purchasers as premium qual- ity debt, when in fact it was of lower quality. Using this scheme, UCR and Potillo amassed more than $76 million in profits, using the illegal proceeds to purchase luxury cars such as an Aston Martin, Maserati, Fer- rari, and Jaguar, as well as multiple homes in Florida and residences in Montreal, Canada; and Edinburgh, Scotland. If convicted, Potillo faces a maximum penalty of 20 years in federal prison for each wire fraud charge, up to 30 years in prison for each bribery charge, and up to 10 years on each of the money laundering charges. Inventory Levels Continue to Improve in Florida Florida's housing market had more new listings, an increase in median prices, and an uptick in inventory in May, according to Florida Realtors. Completed sales of single- family homes totaled 23,013 across the state, an increase of 3.6 percent over the May 2013 figure. "Inventory levels continue to improve in Florida, and the months' supply of homes for sale remains stable—all good signs for the housing market," said 2014 Florida Real- tors president Sherri Meadows. "Right now, the market offers a great opportunity for sellers, who are seeing nearly 93 percent of their asking price at the closing table. And mortgage rates, though rising, remain historically low— giving consumers more buying power." New listings for single-family existing homes increased in Florida by 13.1 percent year-over-year. Townhomes and condos also experienced a boost, increasing by 3.9 percent over the previous year. e median sales price in May was up 4.3 percent to $180,000 for existing single-family homes, according to data from the Florida Realtors Industry Data and Analysis (IDA) department. Georgia RANK: 32 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 2.91% 1.03% 7.4% YEAR AGO 3.31% 1.85% 8.4% YEAR-OVER-YEAR CHANGE -12.3% -44.3% -1.0% Top County SCREVEN COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 4.55% 2.60% YEAR AGO 5.18% 1.13% YEAR-OVER-YEAR CHANGE -12.3% 129.7% Top Core-Based Statistical Area BAINBRIDGE, GA 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 5.11% 2.57% YEAR AGO 5.19% 2.05% YEAR-OVER-YEAR CHANGE -1.6% 25.2% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures 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 5920 Roswell Rd Suite B-118 Atlanta,Ga. 30328 Phone: (770) 668-0063 Cell: (678) 296-6550 oppy@atlantareo.com www.atlantareo.com Kentucky RANK: 24 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 2.29% 1.60% 7.4% YEAR AGO 2.19% 2.25% 8.4% YEAR-OVER-YEAR CHANGE 4.6% -29.0% -1.0% Top County PERRY COUNTY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 5.17% 5.88% YEAR AGO 4.14% 5.02% YEAR-OVER-YEAR CHANGE 24.8% 17.2% Top Core-Based Statistical Area MOUNT STERLING, KY 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 3.78% 4.05% YEAR AGO 2.31% 5.07% YEAR-OVER-YEAR CHANGE 63.6% -20.1% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Louisiana RANK: 21 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate MAY 2014 3.38% 1.81% 5.0% YEAR AGO 3.22% 2.48% 6.4% YEAR-OVER-YEAR CHANGE 5.1% -27.1% -1.4% Top County ST. BERNARD PARISH 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 5.00% 4.35% YEAR AGO 5.16% 5.54% YEAR-OVER-YEAR CHANGE -3.1% -21.5% Top Core-Based Statistical Area BOGALUSA, LA 90+ Day Foreclosure Delinquency Rate Rate MAY 2014 3.03% 2.73% YEAR AGO 2.55% 3.45% YEAR-OVER-YEAR CHANGE 18.9% -21.0% 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 May 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary May 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Florida Realtors chief economist Dr. John Tuccillo said, "Ordinarily, a market that is flattening out after a rise can be of concern. But this market has been in recovery mode and is now catching its breath after a long run-up. We are still seeing improvement in sales and prices and are continuing to see drops in days on the market, cash sales, and short sales. All of these are signs of a market that has stabilized." He continued, "Going forward, we're concerned about affordability. In particular, the difficulty of first-time buyers to access mortgage financing and the lag in providing a much-needed supply of new homes may hold back Florida's housing market."

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