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<div class=Section1>
<p class=MsoNormal>Hello,<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>After the City Council meeting this past Monday, Bob Jaffe
asked that I provide information on the foreclosures in our area. As we
provide that information in the Housing Report, I contacted Sheila Lund at
First Security to provide me with valid numbers. First, it’s important
to note that not all foreclosure notices turn into a foreclosure. Individuals
may see a long list of notices, but unless you understand that many of those
homeowners will be able to catch up on payments, it doesn’t mean
everything. Plus with the stimulus dollars, people are being provided
more options to stay in their homes.<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 align=left
width=308 style='width:231.2pt;border-collapse:collapse;margin-left:6.75pt;
margin-right:6.75pt'>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>Quarter<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>Notice of Foreclosure<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>Cancellations<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>Net<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>08-1st<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>69<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>46<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>23<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>08-2nd<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>58<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>46<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>12<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>08-3rd<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>67<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>48<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>19<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>08-4th<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>119<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>46<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>73<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>Yr End<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>313<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>186<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>127<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'></td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'></td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'></td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'></td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>09-1st<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>147<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>70<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>77<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>09-2nd<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>141<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>71<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>70<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>09-3rd<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>127<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>83<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;padding:0in 5.4pt 0in 5.4pt;
height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>44<o:p></o:p></span></p>
</td>
</tr>
<tr style='height:15.0pt'>
<td width=62 nowrap valign=bottom style='width:.65in;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal style='mso-element:frame;mso-element-frame-hspace:9.0pt;
mso-element-wrap:around;mso-element-anchor-vertical:paragraph;mso-element-anchor-horizontal:
column;mso-element-top:.05pt;mso-height-rule:exactly'><span style='color:
black'>YTD<o:p></o:p></span></p>
</td>
<td width=86 nowrap valign=bottom style='width:.9in;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>415<o:p></o:p></span></p>
</td>
<td width=94 nowrap valign=bottom style='width:70.8pt;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>224<o:p></o:p></span></p>
</td>
<td width=65 nowrap valign=bottom style='width:48.8pt;border:none;border-top:
solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p class=MsoNormal align=right style='text-align:right;mso-element:frame;
mso-element-frame-hspace:9.0pt;mso-element-wrap:around;mso-element-anchor-vertical:
paragraph;mso-element-anchor-horizontal:column;mso-element-top:.05pt;
mso-height-rule:exactly'><span style='color:black'>191<o:p></o:p></span></p>
</td>
</tr>
</table>
<p class=MsoNormal><b><img width=450 height=247 id="Chart_x0020_2"
src="cid:image001.png@01CA47F8.4134C7C0"></b><img width=355 height=264
id="Chart_x0020_3" src="cid:image003.png@01CA47F8.4134C7C0"><b><br clear=all>
</b>As you can clearly see in the graph above, when our nation’s economy crashed
in the 3<sup>rd</sup> Quarter of 08, the number of families that had difficulty
paying their mortgage increased dramatically. If we continue the trend
for 2009 at assume that we’ll have another 63 foreclosures in 4<sup>th</sup>
quarter, that brings the number of foreclosures in our area to 254, clearly a significant
jump from last year’s 127. What needs to be clarified though is
that although higher than usual, it only represents about 1% of our
owner-occupied housing. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>I’m also hearing from my members that the “desirable”
(in good condition) foreclosed properties are selling quickly for pretty close
to market rate. We just aren’t seeing a significant enough reduction
in median price to increase affordability dramatically. (current market
trends: <a
href="http://www.missoularealestate.com/index.php/fuseaction/market.main/ID/0d95f240">http://www.missoularealestate.com/index.php/fuseaction/market.main/ID/0d95f240</a>)<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Hope that helps. Let me know if you’d like more
information!<o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal>Sincerely,<o:p></o:p></p>
<p class=MsoNormal><span style='font-size:20.0pt;font-family:Harrington;
color:#0F243E'>Ruth A. Link<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Garamond","serif";
color:#0F243E'>Public Affairs Director<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Garamond","serif";
color:#0F243E'>Missoula Organization of REALTORS<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Garamond","serif";
color:#0F243E'>1610 S. 3rd Street W, Ste 201<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Garamond","serif";
color:#0F243E'>Missoula, MT 59801<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Garamond","serif";
color:#0F243E'>(P) 406.728.0560<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Garamond","serif";
color:#0F243E'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:12.0pt;font-family:"Garamond","serif";
color:#0F243E'>Please consider the environment before printing this email.<o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
</div>
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