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102 Georgia RANK: 31 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JUNE 2014 2.85% 1.04% 7.8 YEAR AGO 3.36% 1.74% 8.3 YEAR-OVER-YEAR CHANGE -15.1% -40.2% -0.5 Top County BANKS COUNTY 90+ Day Foreclosure Delinquency Rate Rate JUNE 2014 2.53% 2.56% YEAR AGO 3.06% 2.71% YEAR-OVER-YEAR CHANGE -17.4% -5.6% Top Core-Based Statistical Area BAINBRIDGE, GA 90+ Day Foreclosure Delinquency Rate Rate JUNE 2014 5.10% 2.14% YEAR AGO 4.76% 1.68% YEAR-OVER-YEAR CHANGE 7.3% 27.1% 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 June 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary June 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 Ronnie Perry Realty 3144 Cypress Mill Road Brunswick, GA 31525 Office: 912-267-0006 www.RonniePerry.com As a REO Management company we help clients to solve complex problems. We enhance their ability to manage risk and improve performance. • Consistent & transparent in valuations practices • Efficient in maintaining assets through closing • Reliable turnaround times • Continual property condition reporting • Producing highest market value Serving Coastal Georgia Counties: Glynn, Camden, McIntosh, Charlton and Brantley REO ONE STOP IN THE NEWS Regulators Take Possession of Georgia Bank State and federal regulators announced at the end of July the closing of a Georgia bank, putting the 2014 national bank failure tally at 13. Georgia's Department of Banking and Finance took possession of Conyers- based Eastside Commercial Bank, appoint- ing FDIC as receiver. To protect depositors, Community & Southern Bank, based in Atlanta, agreed to assume all of Eastside's deposits, which were estimated at $161.6 million as of March 31. Community & Southern also agreed to pur- chase $104.7 million of the collapsed bank's estimated $169 million in total assets. FDIC also announced a separate transac- tion with Macon's State Bank and Trust Company, which will purchase $42.6 million of Eastside's loans. e remaining assets will be held by FDIC for later disposition. e cost of the bank failure is expected to impact FDIC's Deposit Insurance Fund to the tune of $33.9 million, the regulator announced. Besides being the 13th FDIC-insured bank to fail so far this year, Eastside was the first to fall in Georgia in more than a year. While FDIC doesn't make its list of prob- lem banks open to the public, Eastside has sat on Calculated Risk's unofficial list since 2009, when FDIC and the Georgia Department of Banking and Finance published a cease and desist order alleging that Eastside was found to have "engaged in unsafe or unsound bank- ing practices and had committed violations of regulations." CFPB Targets Georgia Law Firm e Consumer Financial Protection Bu- reau (CFPB) continued its aggressive enforce- ment of consumer protection laws by recently filing a lawsuit against Georgia-based debt collection law firm Frederick J. Hanna & Associates for violations of the Dodd-Frank Wall Street Reform and Consumer Pro- tection Act and the Fair Debt Collections Practices Act. STATE OF AFFAIRS: SOUTH » The number of unoccupied housing units Georgia had as of August 2014. Source: HomeFacts STAT INSIGHT 574,646