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ยป VISIT US ONLINE @ DSNEWS.COM 81 Michigan RANK: 44 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2015 1.53% 0.61% 5.4 YEAR AGO 2.06% 0.85% 7.5 YEAR-OVER-YEAR CHANGE -25.8% -28.2% -2.1 Top County DICKINSON COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.89% 1.49% YEAR AGO 2.45% 0.98% YEAR-OVER-YEAR CHANGE -23.0% 52.5% Top Core-Based Statistical Area IRON MOUNTAIN, MI-WI 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.80% 1.32% YEAR AGO 2.45% 0.98% YEAR-OVER-YEAR CHANGE -26.7% 34.6% 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 March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Best Homes Title Expands With Acquisition of Homeowners Title Agency Farmington Hills, Michigan-based Best Homes Title has announced its acquisition of Rochester Hills-based Homeowners Title Agency as part of an effort to become one of Michigan's largest and most experienced title and escrow service companies. With the acquisition of Homeowners Title Agency, which became official on June 1, Best Homes Title now has 13 offices across Michigan that provide comprehensive title insurance, title examination, and closing services. e company now has more than 75 employees, including a wide variety of industry veterans who are experienced in both residential and commercial real estate. Best Homes Title will retain eight Home- owners Title employees, who will continue to work from the Rochester Hills office. Phil Campbell, owner of Homeowners Title Agency, will be a key advisor in the transition and will be bringing 35 years of experience both to Best Homes Title and to his longtime clients, according to Best Homes Title president Neil Sherman. Campbell founded Homeowners Title Agency in 2004 in order to provide client- centered real estate transactions. "In the past few years, we've added offices in Troy, Waterford, Big Rapids, and Greenville. Now, we've got a presence in Rochester Hills. is not only increases our footprint, but it also increases our residential expertise," Sherman said. "We will continue to look for new partner- ships that are a match for our drive toward top- notch customer service and technical savvy." Sherman said the expansion within Michi- gan is part of Best Home Title's strategy to become an industry leader in the state both in terms of services and technology. With 13 loca- tions across the state, the company can give its clients in-person access to its team of real estate attorneys as well as its title and escrow experts and staff. e industry-leading technologies provided by Best Homes Title offer fast, reliable informa- tion to clients who want to close a deal quickly. Some of the technologies the company offers are an on-demand service to give brokers and realtors online access to documents and a new customer-friendly app. "It's quite unusual for a title agency to have an independent app," Sherman said. "We think it's a great thing for realtors and mortgage of- ficers. It allows them to run estimates directly from their phones and send them to their customers. It's complete interconnectivity and sets a new standard for the marketplace." Real estate attorneys Neil Sherman and Peter Schneiderman founded Best Homes Title in 2006. In nine years, the company has grown from one location and four employees to 13 loca- tions and 75 employees and an average monthly volume of 1,000 transactions. e two attorneys created Best Homes Title after seeing an oppor- tunity to combine their industry experience and focus on customer service. Best Homes Title was formed as an independent agent within the escrow and title industry and is underwritten by First Title Insurance Co., Fidelity Insurance Co, and Old Republic Insurance Co. Longtime business partners Schneider- man and Sherman began working together at Michigan law firm Schneiderman & Sherman, P.C., which has been serving the mortgage industry for more than 35 years. Sherman, the firm's managing attorney, joined the firm in 2002. Schneiderman has represented clients in the mortgage industry since 1975. Minnesota RANK: 49 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate APRIL 2015 0.91% 0.52% 3.7 YEAR AGO 1.28% 0.59% 4.2 YEAR-OVER-YEAR CHANGE -28.6% -12.1% -0.5 Top County PIPESTONE COUNTY 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.09% 2.61% YEAR AGO 2.06% 2.43% YEAR-OVER-YEAR CHANGE -47.0% 7.4% Top Core-Based Statistical Area ALBERT LEA, MN 90+ Day Foreclosure Delinquency Rate Rate APRIL 2015 1.13% 1.38% YEAR AGO 2.18% 1.16% YEAR-OVER-YEAR CHANGE -48.2% 19.0% 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 March 2015 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary March 2015 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Minnesota www.MinnesotaREO.com 612-669-6324 952-829-2938 763-432-7640 612-821-7500 952-844-1511 763-533-9133 651-209-8444 Bruce McAlpin Jeff Detloff Long H. Doan Maribel Garcia Garth Johnson Craig Murphy Michael Olsen Minnesota's foreclosure inventory rate of 0.5 percent in April 2015 was tied for third-lowest among states and was about one-third of the national average of 1.4 percent, according to CoreLogic. KNOW THIS