October 20,20092ppt

Minneapolis Parkway Office of Coldwell Banker Burnet

Business meeting:

October 20, 2009

Sandy Shea

Meet our new receptionist…

Sandy Shea

Currently a Senior Interior Designer at Progressive Architecture

Formerly

Sr. Interior Designer at Walsh Bishop Associates

Architecture and Design Rep at Parameters, Ltd.

Architecture and Design Rep at Facilities Systems Inc.

Interior Designer at Ellerbe

Meet our new Administrative Assistant

Jess Riechel

Jess has worked for CBB for almost five years at the Apple Valley and Crocus Hill offices as a receptionist and support staffer

She grew up in Apple Valley and currently lives in St. Paul

You can reach Jess at ext. 460

I love Halloween!

I don’t like Halloween!

The rich bail faster on mortgages Wealthy but 'underwater' homeowners are giving up on paying their mortgages as a financial tactic, a study finds. Those with smaller loans are less likely to do so. [Related content: homes , home financing , mortgage , foreclosure , credit score ] By Marilyn Lewis MSN Money

Increasingly, homeowners with good credit and no late payments are making what appears to be a strategic decision to walk away when their home's value falls below what's owed.

"The American consumer has had a long-held taboo against walking away from the home, and this crisis seems to be eroding that," concludes a report on research by Experian, the credit agency , and Oliver Wyman, a management consultant company.

The rich bail faster on mortgages - MSN Money

Mortgage aid only trickling out Most eligible homeowners haven't gotten help, and 10 mortgage companies haven't modified a single loan, a Treasury Department report says. [Related content: home prices , mortgage rates , foreclosure , economy , home financing ] By The Associated Press

The government's $50 billion program to ease the foreclosure crisis is helping only a tiny fraction of struggling homeowners.

As of July, only 9% of eligible borrowers had seen their mortgage payments reduced. And a progress report on the plan Aug. 4 showed that 10 lenders had not changed a single loan.

Mortgage aid only trickling out - MSN Money

Obama backs extension of tax credit Bipartisan support builds for first-time homebuyer program By Inman News , MONDAY, OCTOBER 5, 2009.

Obama backs extension of tax credit | Real Estate and Technology News for Agents, Brokers and Investors | Inman News

“ Former real estate broker and NBC "Today" show contributor Barbara Corcoran last week advised homebuyers not to rush to beat the tax credit's expiration date, saying she "fully expects" lawmakers to extend it ( see story ).”

Washington Report: Tax Credit by Kenneth R. Harney

Realty Times - Washington Report: Tax Credit

Realtors, home builders and consumers hoping not just for an extension of the $8,000 tax credit, but an expansion to all buyers in 2010, shouldn't hold their breath.

Jody Hippen Our Partner In Success and Mortgage Loan Originator Extraordinaire

Al Iverson Senior Vice President

Al Iverson serves as senior vice president in charge of 10 field offices. He also has worked as a trainer at Coldwell Banker Burnet for 23 years and has received his Master Certified Coach designation.

He joined Coldwell Banker Burnet in 1980. Previous positions with the company have included branch vice president with the Minneapolis South office, sales manager at the Dakota County/Eagan office, and sales associate specializing in residential real estate and commercial investment properties. Before joining Coldwell Banker Burnet, Al managed his own residential remodeling company in Edina for seven years.

Al is a member of the Minneapolis Area Association of Realtors (MAAR), Minnesota Association of Realtors, and National Association of Realtors and has served as secretary/treasurer of the MAAR Board of Directors. He also has served on the Board of Directors of the Minneapolis YMCA.

Al lives on a ranch in Hampton, Minn. with his wife, Patti. He has two sons. Al is an avid outdoor enthusiast, including running, mountain biking, and participating in triathlons.

Jared Brewington

General Manager/Senior Partner The Metropolitan Contracting Group "Building Trust" 952-303-6432 office 952-303-6428 fax 612-750-7425 cell [email_address] www.trustyourgc.com MN Residential Builder Lic# 20285325 Insured

Project ReEnergize.org

It’s that time of year already to start our Trees for Toys Program. Rita Marr will be our point person this year. We hope to have our biggest and best event ever!

White House Could Put $35B More to Mortgage Aid

The program would be aimed at helping housing finance agencies, or HFAs, which are generally operated by state and local governments and help first-time and lower-income borrowers get mortgages at lower rates than they might in the private market.