Real Estate News from Brace Helgeson

March 2011

Brace Helgeson

The Brace Helgeson Group

952-974-3466

BraceHelgeson.com

bhelgeson@cbburnet.com

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As CDPEs, we can save the 70% of homes going into foreclosure who NEVER call for help because they don't know their options. Do you know anyone having trouble making their house payments?

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952-974-3466

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Testimonial

I've done real estate all my life, and finding the right price is critical in selling a house. It was helpful to have Brace there to go through that with me and give me his counsel along the way. I didn't necessarily want to hear about the price of my house going down, but he delivered it as objectively as he could. Once I started getting offers, I was glad I had Brace representing me. His expertise in going through the process, talking it through with me, and handling the negotiations, was a huge support.

-Tom S.

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Welcome

Our group sold 162 homes in 2010, making us the #2 home seller for Coldwell Banker Burnet in the Twin Cities for the third year in a row. Call now to find out how we can help you navigate the changes in today's real estate market! Now more than ever, results and experience matter.

Brace

Future Of The Mortgage Finance System

Mark Zandi, chief economist for Moody's Dismal Scientist has published his vision of mortgage finance reform. Here are excerpts from the report:

Nationalization vs. Privatization
"Maintaining the federal government's current domination of the mortgage finance system is one approach. Fannie and Freddie could be put into receivership, and their activities subsumed into the federal government. Permanently nationalizing the system in this way would ensure that mortgage lending is not disrupted in bad times, but the cost to taxpayers could be enormous if the system is not well managed. There is also a reasonable concern that government would stifle innovation, preventing the development of mortgage products that could more efficiently meet borrowers' needs."

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Featured Listing

6695 Lakeway Dr, Chanhassen- $999,000

Custom built rambler walkout with beautiful high-end finishes throughout. Spectacular views of pond and professionally landscaped yard. Cherry millwork, cabinetry & crown molding compliment the red birch hardwood floors on main. Speaker system throughout with surround sound and LCD Art Screen TV in the great room. Granite & designer backsplash in gourmet kitchen. Heated travertine floors in the spa-like owner's bath. Three car sub-garage with yard access will fill all of your storage needs. All of this and much, much more can be found in this incredible walkout rambler just two miles to downtown Chanhassen and in the desirable Minnetonka school district #276!

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Home Affordable Foreclosure Alternatives

In April 2010 the Obama administration launched the Home Affordable Foreclosure Alternatives, or HAFA program. AMS Servicing estimates that, as a result, short sales could increase 50% industrywide this year. They have also determined that approximately 91% of previously ineligible borrowers might now be eligible for the HAFA short sale program.

HAFA was designed for homeowners who fell out of the Treasury's Home Affordable Modification Program, or HAMP. The HAFA program was launched as an incentive to servicers and investors to pursue short sales and deeds-in-lieu of foreclosures. It is to facilitate the recovery process for lenders and investors whose borrowers do not qualify for foreclosure mitigation programs.

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