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
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,
Please allow me to introduce myself; my name is Mark Arico Broker/Owner of Arico & Associates Realtors. Arico & Associates is a real estate firm specializing in REO disposition and management. 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 we have represented many of the major lending institutions nationwide. Our business affiliates include REO Mac (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 others.
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 REO asset disposition. 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 Los Angeles and Orange County. Our website 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. We subscribe to Harmon Homes Magazine and put out monthly full page color ads including our newly listed assets. We have an investor database encompassing many of the major investors in the area that have proven very successful in acquiring purchasers for those hard to sell assets. Our staff takes many up-calls from interested buyers derived from the signage provided on every listing.
This current real estate market is very dynamic and there are a lot of factors affecting our industry. Lending guidelines have tightened and retail loans have become extremely tough to obtain. Another major issue is property condition. Lenders as well as local statutes are requiring assets to conform to stringent guidelines. It is imperative that marketing plans are specific to the condition of the property. With our extensive experience working with local city and county regulations we are able to avoid many of the problems commonly seen during the escrow stages. This saves deals and allows us to move assets more quickly, without the headaches of placing properties back on the market. We work very closely with 3 different contracting companies that provide quick, easy and affordable solutions to deferred maintenance and repair issues.
On behalf of myself and my staff here at Arico & Associates, we look forward to building new relationships and would love the chance to acquire your business. I am confident we can provide excellent services for a mutually beneficial relationship.
Sincerely,
Mark Arico
Broker Owner
Arico & Associates
Direct: 310-877-6932