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Shadow Inventory Causes Concern for 2010 Housing Market

Although the Obama administration has worked to suppress foreclosures, it appears these efforts may not be enough, according to Bank Foreclosure Sale, a foreclosure listing service. High unemployment continues to plague the real estate market, and ac

Homeowners Turn to Short Sales as an Alternative to Foreclosure

Although the Obama administration continues to search for a solution for homeowners facing foreclosure, the reality of the situation is only about 4 percent of these at-risk homeowners receive long-term mortgage help,
Introduction

Please allow me to introduce myself; my name is Mark Arico from Arico & Associates Realtors. Arico & Associates is a Real Estate firm specializing in REO disposition and management as well as individual residential home sales. With 3 offices based out of Palos Verdes, Los Angeles, and Orange County our coverage area includes all of greater Los Angeles County as well as North Orange County. Our Company prides itself on professional hands on service as well as advanced marketing techniques designed to generate the highest possible sales price in the shortest time frame. With 20 years of industry specific experience and over 4,000 sales transactions, we have represented most of the major lending institutions nationwide as well as many individual clients. Our business affiliates include REOMAC (18 year member), Greater South Bay Regional Board of Realtors, the Greater Los Angeles Board of Realtors, the Southern Regional Board of Realtors, NAR, CAR and many more.

As a full service brokerage our company’s emphasis is complete and comprehensive customer service. With years of industry knowledge, our staff of 12 employees includes licensed appraisers, realtors, evictions specialists, escrow coordinators, field representatives, property managers and billing professionals all providing services specifically tailored for asset disposition and residential sales. Arico & Associates currently services a wide range of clients and currently has a revolving inventory of approximately 200+ assets. As one of the industry leaders our firm has over $1 Million in working capital. To ensure that we procure the highest and best possible purchase price for our clients, we employ many different marketing techniques. We are a member of 5 different MLS boards throughout LA and Orange Counties. Our website at www.markarico.com includes our entire inventory and has received thousands of hits. We also use www.realtor.com, www.harmonhomes.com as well as IDX MLS websites. We advertise in newspapers including The LA Times, and The Daily Breeze, Beach Reporter, Palos Verdes News, etc. We subscribe to Harmon Homes Magazine, Homes and Land, and Distinctive Homes and put out monthly, a full page color ad including our newly listed assets. We have an investor database encompassing many of the major investors in the area that has proven very successful in acquiring purchasers for those hard to sell assets. With hundreds of up-calls weekly, our market influence procures buyer leads critical to the sale of your home.

If you’re thinking of buying or selling be sure to contact us, were at your service for all of your real estate needs!