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88 MEMBER Adriana M Montes, MBA Juris Doctor Candidate Owner, Real Estate Broker REO, Short Sale, Property Management & Acquisitions Director, Luxury Home Specialist, Multimillion Dollar Producer » Awarded #17 with 203 home sales in 2014 of Top 250 Latino Real Estate Agents in US! » Awarded #17 with 220 home sales in 2013 of Top 250 Latino Real Estate Agents in US! » Awarded #16 with 200 home sales in 2012 of Top 250 Latino Real Estate Agents in US! » Awarded #48 with 120 home sales in 2011 of Top 250 Latino Real Estate Agents in US! www.FloridaDreamsRealty.com 321.689.6258 cell - Adriana@FloridaDreamsRealty.com FLORIDA Latest Look Offers Mixed Default Picture While a seasonal decline in foreclosure starts is customary for this time of year, in November foreclosure starts fell to levels not seen in nearly a decade. Meanwhile, 90-plus day delinquencies ex- perienced a seasonal increase in both October and November. Could there be a correlation between the two? Definitely, according to Black Knight Financial Services' November 2015 Mortgage Monitor. In November, there were 31,000 first-time foreclosure starts, the lowest total for any one month since 2005, when Black Knight began tracking the data. In fact, November's foreclosure starts total was 18 percent lower than the lowest monthly total reported in 2005, which was in January of that year (37,700). November's total of repeat foreclosures (35,000) was the lowest total for any one month since April 2008. Overall, the 66,000 foreclosure starts were the lowest total in a month since April 2006, partially due to seasonality, since November contained two federal holidays (anksgiving and Veteran's Day). Seasonality drove the 27 percent increase in 90-day defaults since March, but 90-day defaults were still down by 19 percent over the year in November. e combination of the sea- sonal increase in 90-day defaults and the sharp decline in foreclosure starts is contributing to the increase in 90-day delinquent inventory in October and November, according to Black Knight. "e rise in 90-day delinquencies we highlighted in this month's Mortgage Monitor are strictly seasonal, matching the historical pattern very well," said Ben Graboske, SVP of Black Knight Data and Analytics. "e drop in foreclosure starts is driven by the overall decline in 90-day delinquent inven- tory, which is down by over 25 percent from a year ago. Interestingly, foreclosure starts are actually taking place at a slightly higher rate as compared to the remaining 90-plus delinquent inventory today than they were a year ago. at said, we anticipate a continued decline in foreclosure starts as 90-day delin- quent inventories continue their overall trend of improvement." In judicial foreclosure states, 90-day default rates were 25 to 30 percent higher than in non- judicial foreclosure states for the six-month period ending in November, according to Black Knight. Quintairos, Prieto, Wood & Boyer Expands in Last Quarter of 2015 Quintairos, Prieto, Wood & Boyer, P.A., a national full-service minority-owned business law firm, enjoyed expansion in the last quarter of 2015 by adding several new team members. QPWB includes a Business, Financial Services & Real Estate Division that handles end-to end-default legal services, regulatory and compliance matters, and corporate and real estate transactions. Carrie ompson Jones and Allison Mad- watkins joined QPWB as associate attorneys in the firm's Business, Financial Services, and Real Estate Division. Both bring extensive default servicing experience to the firm. Jones, who will be working in Phoenix, Arizona, fo- cuses her practice on matters related to default servicing, including eviction, litigation, and bankruptcy issues. Clients she has represented include loan servicers and financial institu- tions in foreclosure. Madwatkins, who will operate out of San Diego, focuses her practice on all aspects of foreclosure representation for mortgage servicers and lending institutions. She also handles creditors' rights matters in bankruptcy proceedings. Ryan Vogt, a longtime mortgage servicing professional, has joined QPWB as Business Development Director. In that role, Vogt ensures that the needs of existing clients are met on a daily basis and educates new and potential clients regarding QPWB's resources and capabilities. Joyce Kindsvogel has been named Default Operations Director for QPWB. Kindsvogel will apply her experience from both servic- ing and law firm perspectives to ensure that processes and procedures are in place in her new role with the firm. In addition to the attorneys who joined the firm in the last quarter of 2015, Charles R. "Charley" Wood, a partner in the firm's Busi- ness, Financial Services & Real Estate Divi- sion who oversees default operations for the firm in Michigan, has been admitted to the Michigan Bar. Wood has been with QPWB since 2009. SOUTH CAROLINA Tom Reaves Receives Lifetime Achievement Award at NoteExpo Convention Co-founder of National Asset Advi- sors Tom Reaves, who has partnered with No- teSchool for over 10 years, was given a lifetime achievement award at the NoteExpo Conven- tion "for his high moral business standards, visionary leadership, entrepreneurial spirit, and his lifetime commitment to the Note Industry." NoteSchool founder Eddie Speed present- ed the award at the ceremony after mentioning that Reaves and co-founder David Campbell "have always been dedicated to maintaining a moral compass within the company—in both good and bad economic times." "Our industry has gone through massive changes over the last few years," said Reaves. "In order to survive we had to be nimble and change to meet the new challenges created by government regulations. We were able to accomplish this transition because of the diligence of our talented employees. By meet-