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POSTSCRIPT: EXPLANATION OF METHODOLOGY <br /> As with previous reports, the Q1 2009 Update relies in part upon the analysis of subjective remarks that <br /> REALTORS® employ when listing properties in the Twin Cities Regional Multiple Listing Service, and in part <br /> upon a data field in this same system called "In Foreclosure/Bank-Owned" that allows users to mark <br /> properties that fit within this legal definition. <br /> As such, a property is lender-mediated when either of the following rules are met: <br /> • In Foreclosure/Bank-Owned = "Yes" <br /> • One of the following terms are found in Agent Remarks, Public Remarks or Financial Remarks: <br /> • bank owned • preforclosure • subject to corp • subject to third <br /> • short sale • subject to bank • corporate owned • hud-acquire <br /> • bank approv • subject to 3rd • corp owned • hud-acquired <br /> • lender approv • subject to lender • corp. owned • corporate-owned <br /> • 3rd party approv • redemption • bank-owned • corp-owned <br /> • foreclosure • shortsale • short-sale • corp owner <br /> • preforeclosure • reo • 3rd-party approval • subj to corp <br /> • forclosure • hud acquire • third-party approval <br /> Note: properties containing these speck phrases in the same remark fields are NOT counted*as lender-mediated <br /> • not a foreclosure • not a short sale • not a short-sale <br /> • not a forclosure • not a shortsale <br /> ©2009 Minneapolis Area Association of REALTORS• <br />