EXIT REALTY NEXUS, Minneapolis Real Estate, Real Estate information and current topics, homes for sale, twin cities real estate

1.  7 W AYS…………...1
July 31 2010
 INSIGHT………..…..2
www.exitrealtynexus.com
Connection
 F ORECLOSURES...…..3
KEEPING YOU ON THE CUTTING EDGE OF THE
BUSINESS OF REAL ESTATE
NEXUS Life's a voyage that's homeward bound.
Herman Melville (1819 - 1891)
7 ways - A message from Frank D’Angelo
Let me share 7 ways in which EXIT differs prietary software systems to not only oper- How available are they when you need
from the other choices. All the other choices ate your business, but to track and maintain them? EXIT Realty is committed to service
can still be good choices for agents and bro- the agents sponsored into the company so and support, as well as being available to
kers who wish to go on a particular career you can see past, current and pending activ- our people who have made the investment in
path. However, after reviewing these 7 ity. Our systems are among the best in the our company. We are here for you.
ways, you’ll see why our agents and brokers industry and available to make it easier for 6. Technology Tools & ERC. Everyone has
feel EXIT Realty is the most pro-active you to run your business. technology and tools. But, do they have the
choice. 3. Trend Setters. EXIT Realty recognizes right technology and tools? Do they have a
1. Our Unique Operating System: It is a that a high percentage of leadership in cor- technology specialist available to answer
simple revenue sharing model and it works. porations is shifting to women. Our U.S & your questions at your fingertips? We do.
It provides additional income streams to Canadian Presidents are both highly skilled We know how important technology is to-
agents and their families including retire- and experienced women who have been day to compete and we have some innova-
ment and death benefits. Over $200 Million identified as outstanding women in leader- tive and exclusive tools just for us on our
has been paid out to date and it is not contin- ship. EXIT Resource Center (ERC).
gent on the profitability of the company. It 4. Green Initiative. EXIT Realty introduced 7. Mindset Training. EXIT Realty believes
allows them to our company-wide "Teal is the New Green" that good agents are born, great agents are
build a business initiative in support of the green movement trained. While other companies are cutting
within a business across the country. In November of last back, EXIT is forging ahead, keeping the
through the power year, we were the Cover Story in focus on training agents to better service the
of vesting the agent RisMedia's Real Estate Magazine announc- clients and be more productive for our fran-
with the broker. A ing this trend setting move to stay ahead of chisees. It simply makes good sense.
‘True Mentorship’ the curve. These are important, relevant, and impera-
model. 5. Available CEO/Founder and Leader- tive to staying competitive today in Real
2. MEMO & ship. When is the last time you spoke to Estate.
EXITRAC. Pro- your CEO or upper-level management?
MARKET WATCH Data courtesy of MAAR
July 2010 July 2010 8.64 Homes
Listings Pendings on the Market Per
6,890 3,028 BUYER (August ‘10)
One-Year One-Year
Change: Change: Affordability Index:
205 (June ‘10)
-9.7% -32.7%

2. Insights
with Karen Tobler
Legislative Updates - 2010
disclosure of the existence of As a REALTOR®, keeping up-to tell you. Get involved with your
Ever wonder what is really going wetlands, something difficult to-date on the actions of our legis- Government Affairs Committee
on at our State Capitol? The leg- do during our winters, did not lature is so important. Not only members, our boards, both local
islature is usually in a perennial pass, for example. The Jobs Billin regards to knowing our own and state, and read up on the up-
buzz, going from budget agree- and a few others made it, how- business, but also to help advise dates when the come to you.
ments to new policies and back. ever. our clients and keep them in- More importantly, the Calls to
This year has been quite dra- formed of changes Action are critical! And, when
matic. The budget has been a Recently, we that can impact you contribute to RPAC, your
significant player in the state’salso saw the po- ...keep them their homeowner- money goes along way. All these
political arena this year. What tential for the informed of changes ship, whether it be actions protect you and your
else could we expect with a $994 elimination of that can impact their good or bad. clients! Make your shift today!
million deficit. Shift happens. the mortgage homeownership…
interest tax de- So, how do you
In fact, during the 2010 session duction, state keep up as a real Comments or Questions?
over 2,700 bills were introduced deed and mort- estate professional. Contact Karen at
in both the House and Senate. gage registry tax increases or Let’s be honest, things don’t ex- 763-548-1416 or at
Talk about shift! changes to where funds are di- actly change at a snail’s pace ktobler@exitrealtynexus.com
rected. Those topics will most anymore.
With so many bills, some make likely come back to make another
it, some don’t. The Wetland Dis- grand appearance for the next If you are still wondering about
closure Bill which would require biennium. an answer to that question, I’ll
UPCOMING EVENTS
&
SPECIAL OCCASSIONS
August 13th Happy Birthday Donavon DesMarais!!
August 18th Happy Birthday Chris Kornberg!!
August 13th Happy Birthday Debbie Blesi!!
Every Tuesday : Business Development Briefing
Every Tuesday : Business Development Briefing
Every Wednesday: Weekly Web Workshop
Every Wednesday: Weekly Web Workshop
10:00 am Sharp!
10:00 am Sharp!

3. Foreclosure: Doesn’t Mean Get Out!!
A look at options with Debbie Blesi
Today as we know many sure that provides them with an determine if the offer is accepted winning bid
Americans are facing Foreclo- itemization of monthly bills along or declined or countered. is posted, that
sure. Not because they are bad with a hardship letter explaining These are options in the Pre- is the mini-
people. Mostly because they just their hardship. foreclosure stage. The home is mum amount
fell on hard times or experienced If the borrower/seller NOT officially foreclosed on un- first lien holder or bank settle for
a legitimate hardship. needs to sell their home and til the full process is completed during the redemption phase that
Most people are not aware of move, a Short sale may be an- and that may take up to an entire is typically up to 6 months after
their options or the actual amount other option. Short sale means year in the State of Minnesota. the Sherriff Sale assuming the
of time they have in the State of that your home would be sold for Once the borrower re- home is still occupied. If there
Minnesota which is a redemption less than ceives formal documenta- are additional liens or mortgages,
state. The main objective is to what is tion stating that the fore- the licensed real estate profes-
obtain the right information and currently Most people are not closure proceedings have sional can help the borrower ne-
stay in the home until all options owed on aware of their started, a Sheriff sale date gotiate those liens in a short sale.
are explored! your options ... will typically be set and In some cases, the Sherriff Sale
home. homeowner will be noti- may end up with an amount much
First, meet with a licensed real This is fied of the date. It is im- lower than what was originally
estate professional who can point also in the portant to note that the owed on the home an the home
you in the direction of all options hands of the banks and requires Sheriff Sale does not mean that owner may have new rights and
including: working with the bank their approval . The home would the Sheriff goes out to the home options.
a loan modification can be the be listed for sale at a fair market to sell it or auction it away to the The best thing all homeowners
immediate solution. This may price and once an offer is re- public, nor does it mean that the can do if they are in a short equity
take some time and effort because ceived and accepted by the seller, borrower or homeowner must be position on their home and have
they will need to see Tax infor- the offer would be sent to the moved out by that date.. The experienced some legitimate
mation for the past year or two bank to review, explore and po- Sheriff Sale is held at the court hardship, to explore their options.
and will need your past 3 months tentially approve a short sale. house, and it is a formal auction
pay check stubs, employment This process may take up to 90 that usually includes a legal rep- Comments or Questions?
status as well as unemployment days depending on the bank on resentative of the bank or other Contact Debbie Blesi at
statements if applicable. Banks the situation. After doing their investors interested in hearing 763-548-1422 or at
will also need a financial disclo- review and study, the bank will what happens at the sale. As the dblesi@exitrealtynexus.com
Donavon DesMarais Mindy Shears (multiple)
(multiple)
Rick Gullickson
Chris Kornberg (multiple)
Mike Peterson
CONGRATULATIONS
Sheldon Berquist (multiple)
LISTINGS & CLOSINGS Mark Lendway
Frank D’Angelo (multiple)
Justin Burke (multiple)
Jodi Vezina
Gratitude is not only the greatest of virtues,
but the parent of all others.
Cicero (106 BC - 43 BC), 'Pro Plancio,' 54 B.C.