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IN THE NEWS Survey Finds Most Investors Will Increase or Maintain Activity tors, according to a survey jointly released by BiggerPockets.com and Memphis Invest. The survey found 65 percent of active real It's business as usual for real estate inves- estate investors plan to buy as many or more residential properties in the next 12 months as they did in the past. The percentage translates to 4.5 million investors. Also, 39 percent of active investors plan to purchase more prop- erties during the next 12 months. According to the survey, 7 million, or 3 percent of, American adults consider themselves to be real estate investors. An- other 9 percent of Americans currently own investment property but don't have plans to buy more. When counting those who either consider themselves residential real estate investors or residential investment owners, the total is 28.1 million Americans. Based on survey findings, most inves- Texas rank: 45 90+ Day 2.41% 2.49% -3.3% 90+ Day 1.68% year ago 2.68% percent point change -37.3% 46.8% Top Core-Based Statistical Area MCALLEN-EDINBURG-MISSION, TX 90+ Day 2.77% year ago 2.90% percent point change -4.5% -12.4% 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 August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. tors actually don't pay all cash. The survey revealed 46 percent use financing and put 20 to 50 percent down. Only 7 percent put down more than 50 percent. The median expendi- ture for investors is $7,500 per property with some 20 percent planning to spend $10,000 to $30,000 on their next property. Among the 7 million active investors, about half make more than five purchases a year. Most active investors are under 55 years old (76 percent), and 34 percent of active in- vestors make more than $75,000 a year. More than a third (37 percent) said they have a high school degree or less. Among the investor incentives, lower interest rates ranked highest (70 percent). Following lower mortgage rates as the most popular investor incentive, tax incentives for purchase, rehab, and renovation (54 percent) ranked next, and third was elimination of limits on financing (46 percent). Thirty-six percent of investors in the 2.67% Delinquency Rate august 2012 2.34% Foreclosure Rate 2.30% Delinquency Rate Foreclosure Rate august 2012 1.50% year ago 1.67% percent point change -9.8% Top County FALLS COUNTY Delinquency Rate august 2012 3.38% Unemployment Rate 7.1% 8.1% -12.3% Foreclosure Rate the company's corporate functions, as well as asset management, business development, technology, and servicing operations. "We continue to move forward with our multi-year growth strategy while remaining focused on meeting and exceeding the needs of our customers," said David Schneider, Vericrest CEO. Schneider says since January the company has hired 215 new employees across all three of its Centers for Excellence, in Oklahoma, Texas, and California. Eighty-two new staff members were added in Texas alone. "[We] intend to expand our employee base further as we continue to grow," Schneider added. "Our new offices provide us with a larger space to accommodate our current needs while also allowing for anticipated future growth." Vericrest's new Texas home is a 127,000-square-foot facility located at 3701 Regent Blvd. in Irving. Twenty-two employees were relocated from Vericrest's Oklahoma and California offices to work in the new facility. Moving to a larger facility is part of Texas Vericrest's plan to expand its mortgage servicing footprint. The company also recently announced several executive appointments, along with the formation of an advisory board made up of financial services veterans. These advisors provide insight and recommendations related to Vericrest's strategy, new business initiatives, and industry trends. Vericrest currently employs more than Danny Norwood Legacy Real Estate 432-413-2764 cell danny@dannynorwood.com www.dannynorwood.com Safeguard's Compliance Connections Unit Sees 300% Growth IN THE NEWS survey said they were willing to put down up to 25 percent on a loan in order to borrow without limits. ORC International conducted the survey and reached out to 3,036 adults using both landline and mobile telephones throughout August. Among those surveyed, 1,515 were men and 1,521 were women. 106 Vericrest Relocates Corporate and Operational Center to Irving, Texas Financial, Inc., announced early last month that it has relocated its Texas Center of Excellence from Dallas to Irving, Texas. Vericrest's Texas Center of Excellence houses Residential mortgage servicer Vericrest month that as of the start of October, its Compliance Connections division has processed more than 10,000 code violations for the 2012 calendar year and has grown its roster of participating municipalities to 600. Both milestones represent a growth Safeguard Properties announced last rate that's greater than 300 percent when compared to the number of violations handled by the division and the number of municipalities served during the same January-through-October time period last year. 600 professionals, and the company expects its future expansion plans to create potentially hundreds of new jobs.

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