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	<title>The REO Insider</title>
	<link>http://www.thereoinsider.com</link>
	<description>Inform. Educate. Engage.</description>
	<lastBuildDate>Tue, 09 Mar 2010 23:22:23 +0000</lastBuildDate>
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		<title>Buyers Get 56 Cents on the Dollar at Texas Foreclosure Auctions: FLS</title>
		<description><![CDATA[Third-party buyers purchased more than 250 homes in North Texas foreclosure auctions at an average $0.56 on the dollar in Q110, according to Foreclosure Listing Service (FLS).
George Roddy, Sr., president of FLS, said 6% of the residential foreclosure postings that were actually sold at auction were purchased by third-party buyers or investors. While most are [...]]]></description>
		<link>http://www.thereoinsider.com/buyers-56-cents-dollar-texas-foreclosure-auctions-fls</link>
			</item>
	<item>
		<title>Another 5m Homes Set to Fall into the Shadow</title>
		<description><![CDATA[Over the next two years, 5m homes will drop into the “shadow inventory” of foreclosures as the fragile housing market teeters on the brink of another dip, according to a report from Capital Economics.
Paul Dales, senior US economist with Capital Economics, said as unemployment remains high, more homeowners are likely to foreclose over the next [...]]]></description>
		<link>http://www.thereoinsider.com/5m-homes-set-fall-%e2%80%98shadow%e2%80%99-1</link>
			</item>
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		<title>Equator Launches Mid-Level REO Platform</title>
		<description><![CDATA[Equator, formerly REOTrans, reached into the middle-tier market of lenders and servicers with the launch of the more affordable Professional REO package.
According to the credit rating agency, Standard &#38; Poor&#8217;s, it would take almost three years to burn though the shadow inventory of foreclosures waiting to hit the market, and the REO industry is bracing [...]]]></description>
		<link>http://www.thereoinsider.com/equator-launches-mid-level-reo-platform</link>
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		<title>LPS To Auction Homes in Top REO States</title>
		<description><![CDATA[[Update 1: clarifies co-broker commission]
Lender Processing Services (LPS) will conduct an online foreclosure auction of Arizona, California and Nevada homes until April 1, 2010.
LPS is a technology provider to the mortgage industry, and its LPS Auction Solutions division will host the bidding&#8230;
The portfolio includes single-family homes, condominiums, town homes and one duplex. According to the [...]]]></description>
		<link>http://www.thereoinsider.com/lps-auction-homes-top-reo-states</link>
			</item>
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		<title>Oregon Notices of Trustee Sales Increase 42% in 2009: RealtyStore</title>
		<description><![CDATA[The total number of Notices of Trustee Sale (NTS) jumped to 1,413 in January, up 42% from the same month in 2009.
It translates to one notice for every 1,000 housing units in Oregon. RealtyStore is an online market place with more than 1m listings…
Nearly every county in the state had double-digit foreclosure filing increases in [...]]]></description>
		<link>http://www.thereoinsider.com/oregon-notices-trustee-sales-increase-42-2009-realtystore-1</link>
			</item>
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		<title>REDC Auctions $322m of Foreclosures in 2010</title>
		<description><![CDATA[Real Estate Disposition LLC (REDC) auctioned 5,700 properties in 2010, for a total of $322m in 2010.
The company is pushing to complete 125 auctions in 71 days…
This coming weekend, REDC will hold auctions in Atlanta and Phoenix, and will conduct a national online auction of more than 650 properties. Arizona had the second highest foreclosure [...]]]></description>
		<link>http://www.thereoinsider.com/redc-auctions-322m-foreclosures-2010</link>
			</item>
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		<title>Partnership To Bring Short Sale Help Ahead of HAFA</title>
		<description><![CDATA[Loss mitigation services providers DepotPoint and AssetPlanUSA partnered to help servicers and lenders streamline the short sale process as demand grows for alternatives to foreclosure.
The Home Affordable Foreclosure Alternatives (HAFA) program launches April 5, 2010. The hope is that HAFA will provide a standard approach to short sales that would make the process more available. [...]]]></description>
		<link>http://www.thereoinsider.com/partnership-brings-short-sale-hafa-1</link>
			</item>
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		<title>First American Offers Flat Fee on REO Service</title>
		<description><![CDATA[First American Outsourcing and Technology Solutions is offering a flat-fee package for managing, maintaining and selling REO property.
The business-outsourcing provider is a member of the First American Corp. Depending on the mixture and prices of the assets in the portfolio, the fixed price on the referral fee could push down expenses even further, according to [...]]]></description>
		<link>http://www.thereoinsider.com/american-offers-flat-fee-reo-service-1</link>
			</item>
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		<title>New Altisource Asset Management Branch Covers REO Head to Toe</title>
		<description><![CDATA[Altisource Solutions expanded its mortgage services to include an REO asset management operation.
Altisource Portfolio Solutions, the parent company, provides services for real estate and mortgage portfolio management. The new expansion extends those services to overseeing and coordinating the entire REO transaction life cycle for its clients…
The full suite will include pre-marketing through asset sale services, [...]]]></description>
		<link>http://www.thereoinsider.com/altisource-asset-management-branch-covers-reo-head-toe-1</link>
			</item>
	<item>
		<title>IBM Finalizes Wilshire Deal</title>
		<description><![CDATA[IBM finalized the acquisition of the core operating assets of Wilshire Credit Corp. from Bank of America today.
The initial agreement was announced in October 2009. REO Insider broke the news in January that IBM would close the Wilshire REO department, according to a letter sent to REO brokers&#8230;

Over 12 years, brokers working with Wilshire closed [...]]]></description>
		<link>http://www.thereoinsider.com/ibm-finalizes-wilshire-deal-1</link>
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