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IN THE NEWS
Clear Title Announces
200% Annual Growth
After 5 Years
After forming during the housing downturn in 2007, Clear Title Agency decided
to focus on generating revenue from REOs
and foreclosures by handling title and escrow
duties for banks.
Through this strategy, Arizona-based
Clear Title stated it has experienced 200 percent annual growth after five years in business. The company has also opened six offices
and hired 50 people and has become the
fastest-growing title company in Arizona.
"The secret to our success has been
hiring the best and brightest escrow
agents in town and turning lemons into
lemonade during the recession," said
Bart Patterson, founder and CEO of
Clear Title. "Our people built a great
name and reputation for themselves
during that time, which continues to
serve us well as the Arizona real estate
market comes back."
Clear Title offers default services, short
sale escrow services, and residential/commercial title and escrow services.
Integra Group Reflects on
2012 Milestones
Last month, Integra Group Real Estate
LLC announced accomplishments the company experienced in 2012.
For one, Ofelia Lichtenheld, one of the
company's managing partners, earned the
number one Hispanic listing broker position for
transaction volume in the Tucson Association of
Realtors Multiple Listing Service.
The firm, which specializes in the
property management and marketing of
REO, HUD, and distressed properties
in Southern Arizona, also launched its
short sales department, along with the
Multi-Family Home Investors' Initiative
and its affiliate company, Integra Property
Management.
Due to the high number of completed
sales within the past year, Integra Group was
ranked among the top five largest brokerages
in the Tucson MLS.
During the first half of 2012, the company
also saw a 28 percent increase in REO property transaction volume.
"Integra Group's success is a reflection
of our hard work and dedication to not only
our clients, but the under-served Hispanic
market," said Eric Lichtenheld, president of
Integra Group.
STAT INSIGHT
Decline in foreclosure starts
from October to November
2012 in Arizona.
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THE
LEADER IN
DEFAULT
SERVICING
NEWS
Source: ForeclosureRadar
Arizona
Roberta Chatfield-Gonzalez
Phoenix One Realty
ABR, GRI, SRES, CLSS, e-Pro, RECS
Call 602.882.0603
MEMBER
Arkansas
rank: 31
90+ Day
Delinquency Rate
Foreclosure
Rate
october 2012
4.56%
Unemployment
Rate
2.11%
7.2%
year ago
3.89%
1.86%
8.0%
percent point change
17.2%
13.7%
-10.0%
Top County
ClAy CounTy
90+ Day
Delinquency Rate
Foreclosure
Rate
october 2012
6.06%
5.47%
year ago
3.39%
6.39%
percent point change
79.0%
-14.4%
Top Core-Based Statistical Area
BlyTheville, AR
90+ Day
Delinquency Rate
Foreclosure
Rate
october 2012
6.30%
4.32%
year ago
5.39%
4.74%
percent point change
16.9%
note:
-8.8%
The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in
foreclosure. State rank is based on the October 2012 foreclosure rate. All figures are rounded to the nearest
decimal. The unemployment rate reflects preliminary October 2012 figures released by the Bureau of
Labor Statistics. All other data courtesy of Lender Processing Services.
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