August 2011 Distressed Property Report

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    Avg. Sold Price 131,972$Avg. Prior 1st Mtg Amt 182,367$Avg. % Sold Price/Prior 1st Mtg. 72%

    Avg. Sales Price 122,576$Median Sales Price 112,000$

    286187

    1st NOD to Trustees Deed (to

    Trustees Deed to REO Sale

    REO Sales Average Timeline (Days)

    REO Sales

    Short Sales

    Area Activity & Short Sale Report - August 2011

    Marion County

    66%

    10%

    21%2% 1%

    Sales By Type

    SFR Full Sale (168)

    SFR Short Sales (26)

    SFR REO Sale (55)

    Condo/TwnHm Full Sale (4)

    Condo/ TwnHm Short Sales (3)

    st - a e

    $80.86

    $68.57$64.36

    $75.43

    $54.29

    0.00

    10.00

    20.00

    30.00

    40.0050.00

    60.00

    70.00

    80.00

    90.00

    SFR Median Price Per

    SqFt

    SFR Short Sales Median

    Price Per SqFt

    SFR REO Sale Median

    Price Per SqFt

    Condo/TwnHm Median

    Price Per SqFt

    Condo/TwnHm Short

    Sales Median Price Per

    SqFt

    Median Sold Price Per Sq. Foot

    Median Sold Price Per Sq.

    Foot

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    Area Activity & Short Sale Report - August 2011

    Zipcode City NOD NOT REO

    Auction

    Purchase

    SFR Full

    Sale

    (168)

    SFR

    Median

    Price Per

    SqFt

    SFR

    Short

    Sales

    (26)

    SFR Short

    Sales

    Median

    Price Per

    SqFt

    SFR

    REO

    Sale

    (55)

    SFR REO

    Sale

    Median

    Price Per

    SqFt

    Condo/

    TwnHm

    Full

    Sale (4)

    Condo/TwnH

    m Median

    Price Per

    SqFt

    Condo/

    TwnHm

    Short

    Sales (3)

    Condo/TwnH

    m Short

    Sales Median

    Price Per

    SqFt0 0 0 0 0 2 53.32 0 0.00 1 107.72 0 0.00 0 0.0097002 AURORA 2 0 1 0 3 79.03 0 0.00 0 0.00 0 0.00 0 0.0097020 DONALD 1 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097026 GERVAIS 3 2 1 0 1 60.88 0 0.00 0 0.00 0 0.00 0 0.0097032 HUBBARD 0 0 0 0 2 79.93 0 0.00 1 78.54 0 0.00 0 0.00

    97071 WOODBURN 8 12 6 0 15 66.21 3 45.80 7 45.06 0 0.00 1 54.2997137 SAINT PAUL 0 0 0 0 2 81.79 0 0.00 0 0.00 0 0.00 0 0.0097301 SALEM 17 25 9 1 18 69.70 3 68.57 8 52.07 1 195.48 1 41.67

    97302 SALEM 6 10 10 2 30 76.92 2 95.22 5 62.61 0 0.00 0 0.0097303 SALEM 19 10 5 0 29 83.85 5 72.56 5 76.31 1 86.02 0 0.0097305 SALEM 19 16 7 1 13 78.04 5 59.32 9 65.06 1 75.43 0 0.00

    97306 SALEM 14 11 7 0 26 87.54 0 0.00 3 60.47 1 74.11 1 62.7297307 KEIZER 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097308 SALEM 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097309 SALEM 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097310 SALEM 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00. . . . .97311 SALEM 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097312 SALEM 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097314 SALEM 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097317 SALEM 13 14 5 1 5 90.51 2 60.19 3 63.64 0 0.00 0 0.0097325 AUMSVILLE 3 4 0 0 2 99.64 0 0.00 2 74.73 0 0.00 0 0.0097342 DETROIT 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097346 GATES 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00

    97350 IDANHA 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097352 JEFFERSON 1 2 0 0 3 93.23 1 47.41 1 0.00 0 0.00 0 0.00

    97358 LYONS 0 1 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097362 MOUNT ANGEL 3 1 0 0 0 0.00 1 84.55 1 81.97 0 0.00 0 0.00

    97373

    BENEDICT 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097375 SCOTTS MILLS 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00

    97381 SILVERTON 2 4 2 0 3 108.88 3 90.99 3 77.19 0 0.00 0 0.0097383 STAYTON 0 5 2 0 6 75.93 1 85.39 3 62.42 0 0.00 0 0.0097384 MEHAMA 0 0 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 0.0097385 SUBLIMITY 0 0 0 0 3 93.50 0 0.00 0 0.00 0 0.00 0 0.0097392 TURNER 4 2 4 0 5 86.76 0 0.00 3 77.43 0 0.00 0 0.00

    Total 115 119 59 5 168 80.86 26 68.57 55 64.36 4 75.43 3 54.29

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    Market Summary by ZIP Code- Published monthly by County, the first pages are a summary by ZIP code, by SFR and Condo/Townhomes.# NOD- Count of Notices of Default filed in the period# NOT- Count of Notices of Trustee Sale filed in the period

    # REO- Count of Trustee Deeds that failed to sell at Auction and now Bank REO# Auction Purchase- Cash Sales at bank auction typically to investors

    *Information deemed reliable but not guaranteed

    Short Sale Analysis- Demand for this report originated from Real Estate Professionals working Short Sale Transactions. Many found the short sale process varied

    widely from lender to lender. The principle question asked: "which lenders are opting for a short sale instead of foreclosure". Knowing which lender(s) are approvingShort Sales, real estate professionals now can focus on working opportunities with lenders which are more likely to approve a short sale and in a reasonabletimeframe.REO Sales Analysis- In many markets there are more Bank Owned properties currently not listed for sale, not listed on the MLS or actively marketed. While there

    are several reasons for this, both investors and real estate professionals are seeking to identify which lenders are selling their REO assets which represent newsales and investment opportunities.

    Investor Auction Purchases- Our report separates Trustee Deeds conveyed to investors and REO properties going back to the bank. In addition the report

    reveals the ratio between auction sales to investors and the assumption rate for banks taking on REO assets.