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Integra Group Real Estate Posts Increase in REO Transactions

Tucson-based ""Integra Group Real Estate"":http://integratucson.com/ found a reason or two to celebrate recently.

[IMAGE] [COLUMN_BREAK]

According to a release, the firm posted a 28 percent increase in REO property transaction volume over the first half of this year.

That comes despite the fact that available inventory fell by more than 34 percent for the Arizona Multiple Listing Service over the last year. Integra also celebrated an ""active roster"" of REO clients, even in the face of year-over-year declines by 39 percent in Southern Arizona.

""Our continued growth illustrates our commitment to our clients during challenging market conditions,"" ""Eric Lichtenheld"":http://integratucson.com/about/management-team/, president of Integra Group Real Estate, lauded in a statement. ""We attribute our success to our innovative products and industry expertise to better assist our clients and provide them the resources they deserve.""

The good news for Integra arrives just as loan delinquencies continue to arc upward. A recent survey by the ""Mortgage Bankers Association"":http://www.mbaa.org/default.htm found that ""delinquencies went up over the second quarter this year"":http://dsnews.comarticles/survey-delinquency-rates-up-foreclosure-starts-flat-in-q2-2012-08-09.

About Author: Ryan Schuette

Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.
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