TUCSON, Ariz., Aug. 16, 2012 – Integra Group Real Estate LLC, a brokerage firm specializing in the property management and marketing and sale of REO, HUD and distressed properties in Southern Arizona, announced it has experienced a 28 percent increase in REO property transaction volume during the first half of this year.
Although the total available inventory in the southern Arizona Multiple Listing Service is down more than 34 percent for the last 12 months, Integra has experienced a strong increase in REO property transactions over the prior year to date. While overall REO transactions have decreased by 39 percent year over year in Southern Arizona, Integra Group Real Estate maintains an active roster of REO clients by providing hands-on oversight and guidance for their client’s transactions.
The Integra Process enhances the traditional brokerage process for mortgage lenders, banks and government-sponsored enterprises. The process ensures due diligence with key features including property video inspections, a paperless workflow system and preservation fleet tracking system, client accessible property portfolios and an overall enhanced level of transparency for the firm’s clients. This process enables Integra to offer a wider range of services to clients, such as short sale and property management, to better assist them in the changing real estate marketplace and assure that their transactions are accurately managed, while assisting clients with strategies to maximize recovery of their portfolio property values.
“Our continued growth illustrates our commitment to our clients during challenging market conditions,” said Eric Lichtenheld, president of Integra Group Real Estate. “We attribute our success to our innovative products and industry expertise to better assist our clients and provide them the resources they deserve. Integra is prepared to move into the upcoming months with the same momentum the first half of the year has brought.”
About Integra Group Real Estate
Founded in 2005, Tucson, Ariz.-based Integra Group Real Estate LLC is a brokerage firm specializing in the property management and marketing of REO, HUD and distressed properties to underserved demographics in Southern Arizona. Through its proprietary Integra Process, the broker provides strategic property evaluation, counseling, preservation and property marketing assistance to four of the top 10 U.S. mortgage lenders. For more information, visit www.IntegraTucson.com.