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VISIT US ONLINE @ DSNEWS.COM Alaska rank: 50 90+ Day 1.22% 1.24% -1.80% 90+ Day 0.72% year ago 1.23% percent point change -41.44% 29.58% Top Core-Based Statistical Area FAIRBANKS, AK 90+ Day 1.84% year ago 1.72% percent point change 7.46% 6.49% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 1.40% Delinquency Rate june 2012 1.49% Holly Grigaiti s Designated Broker Foreclosure Rate ARIZONA: Yavapai, Coconino, Gila County MEMBER 1.22% Delinquency Rate Foreclosure Rate june 2012 0.99% year ago 1.02% percent point change -2.73% KETCHIKAN GATEWAY BOROUGH Top County Delinquency Rate june 2012 1.58% Foreclosure Rate Unemployment Rate 7.2% 7.6% -5.3% We know your HOT buttons. IN THE NEWS Court of Appeals Upholds Dismissal in MERS Case statement last month announcing a three- judge panel of the 9th U.S. Circuit Court of Appeals affirmed the dismissal of a complaint against Mortgage Electronic Registration Systems, Inc., (MERS) and two other defendants. In Buchna v. Bank of America, the panel Merscorp Holdings, Inc., issued a affirmed the dismissal granted by U.S. District Judge Mary H. Murguia in Arizona. Murguia approved MERS' motion to dismiss in October 2010, finding that MERS is a valid beneficiary and is authorized to enforce the deed of trust under Arizona law. Murguia said she found no merit to the 928.284.9367 reo@opti onsaz.com verdevalleyrealestate.com Arizona rank: 27 90+ Day 2.67% 3.88% -31.24% 90+ Day 4.91% year ago 6.37% percent point change -22.88% -12.90% Top Core-Based Statistical Area PHOENIX-MESA-SCOTTSDALE, AZ 90+ Day 2.82% year ago 4.37% percent point change -35.55% -28.56% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the June 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary June 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 4.15% Delinquency Rate june 2012 2.96% Foreclosure Rate 5.97% STAT INSIGHT 2,191 Homes added to Arizona's REO inventory in July. Source: Foreclosure Radar Delinquency Rate Foreclosure Rate june 2012 2.80% year ago 3.66% percent point change -23.60% Top County PINAL COUNTY Delinquency Rate june 2012 5.20% Foreclosure Rate MEMBER Unemployment Rate 8.2% 9.6% -14.6% Roberta Chatfi eld-Gonzalez Phoenix One Realty ABR, GRI, SRES, CLSS, e-Pro, RECS Call 602.882.0603 Arizona plaintiff's claim that securitization of the loan severed the note from the deed of trust. She ruled that such allegations "ignore that the deed of trust states that MERS will serve as the nominee for the original lender as well as the original lender's successors and assigns and has the right to 'foreclose and sell the property.'" The Court of Appeals cited its earlier decision in Cervantes v. Countrywide Home Loans, Inc., for its affirmation of Murguia's order. Janis Smith, VP of corporate communi- cations at Merscorp, commented, "MERS has legal authority to act on behalf of the lender, including the right to execute the assignment or foreclose, and there is a wide body of case law supporting this fact." Barclays: Distressed Areas Leading Recovery markets are outperforming others in home appreciation and paving the way for a broad- based housing recovery. In a report issued in late July, Barclays Data from Barclays suggest distressed waved off concerns about shadow inventory, saying it is "more of a symptom than a cause of depreciation" and speculated the share of distressed homes is a more significant factor keeping home prices down. The report cites a working paper from the Atlanta Federal Reserve that shows foreclosure tends to have a direct effect on 101