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» VISIT US ONLINE @ DSNEWS.COM 89 Alaska RANK: 51 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 0.97% 0.46% 6.3 YEAR AGO 1.12% 0.55% 6.9 YEAR-OVER-YEAR CHANGE -13.3% -15.7% -0.6 Top County NOME CENSUS AREA 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 0.86% 3.02% YEAR AGO 1.14% 0.67% YEAR-OVER-YEAR CHANGE -24.9% 347.6% Top Core-Based Statistical Area FAIRBANKS, AK 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 1.90% 1.12% YEAR AGO 2.10% 1.08% YEAR-OVER-YEAR CHANGE -9.7% 4.0% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Arizona RANK: 44 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 1.27% 0.62% 6.5 YEAR AGO 1.52% 0.73% 7.1 YEAR-OVER-YEAR CHANGE -16.7% -15.4% -0.6 Top County GRAHAM COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 2.31% 1.40% YEAR AGO 2.56% 0.89% YEAR-OVER-YEAR CHANGE -10.1% 57.2% Top Core-Based Statistical Area SAFFORD, AZ 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 2.31% 1.40% YEAR AGO 2.56% 0.89% YEAR-OVER-YEAR CHANGE -10.1% 57.2% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. California RANK: 46 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate FEBRUARY 2015 1.26% 0.59% 6.7 YEAR AGO 1.75% 0.81% 8 YEAR-OVER-YEAR CHANGE -28.1% -27.3% -1.3 Top County TRINITY COUNTY 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 0.93% 2.17% YEAR AGO 1.67% 1.48% YEAR-OVER-YEAR CHANGE -44.4% 46.8% Top Core-Based Statistical Area CRESCENT CITY, CA 90+ Day Foreclosure Delinquency Rate Rate FEBRUARY 2015 1.92% 2.07% YEAR AGO 2.73% 1.58% YEAR-OVER-YEAR CHANGE -30.0% 30.6% 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 February 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary February 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. California Nathan Sharma Remax PRoPeRty PRofeSSioNal nathansharmaremax@gmail.com www.nathansharma.remaxagent.com/ Direct 510-830-6926 Fax 925-397-3034 IN THE NEWS San Francisco to Join Other Cities in Foreclosure Prevention Strategy San Francisco is about to join several other cities in an effort to prevent foreclosures and stabilize neighborhoods that include distressed properties or homeowners who are otherwise at risk. e city's board of supervisors unani- mously approved a resolution that would encourage the lenders who own distressed properties to sell them to nonprofits and community development financial institu- tions rather than to hedge funds, Wall Street speculators, or private equity firms. San Francisco Supervisor John Avalos, the resolution's sponsor, said Newark, New Jersey; and Richmond, California, have already passed similar resolutions, and that he is encouraging other cities to get involved. "Homeowners in San Francisco's work- ing class and communities of color who are struggling to hold on may get help from this program," said Amy Schur, campaign director for the Alliance of Californians for Community Empowerment (ACCE), who helped Avalos draft the resolution. "is project has the potential to get very delin- quent mortgages into the hands of nonprofits who can offer modifications with principal reductions that can save many homes from foreclosure and prevent the displacement of many families that in some cases have lived here for decades." In addition to raising private capital to purchase pools of distressed mortgages at fair market value, the participating nonprofits and CDFIs hope to use funds California received from the government's Troubled Asset Relief program immediately after the housing crisis. "Our banks got a bailout of $800 million, but they didn't make it any easier to prevent foreclosures or modify loans," Avalos said. "Instead, they've made a lot of profit. at hasn't helped a lot of middle-class people who are working just to maintain their existence." Foreclosure numbers have been steadily declining nationwide for the last two to three years. CoreLogic's January 2015 National Foreclosure Report indicated that California's foreclosure inventory rate was 0.5 percent, meaning that only 0.5 percent of homes in California were in some state of foreclosure— approximately one-third of the national average of 1.4 percent for the month. Due to California's population, however, a foreclosure rate of 0.5 percent still com- putes to a large number of homes compared to other states. California ranked fourth among states for 12-month sum of foreclo- sures with nearly 30,000 in CoreLogic's latest report. And while foreclosure numbers overall are down in San Francisco since 2011, some areas of the city still include a great number of foreclosed, REO, distressed, or at-risk homes. A report issued by the San Francisco Controller's Office in Febru-