Articles Tagged "Cottage Grove Homes"
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25
Financial Resources for Those Affected by COVID-19
For those experiencing financial hardship during this emergency, we've compiled a few resources for you:
Unemployment Insurance:
- Hourly/Salaried Individuals in Minnesota: The Minnesota Governor issued an executive order that removed the one week waiting period for unemployment claims. Applicants may now also be eligible if they're quarantined and unable to work, unable to go to work due to an outbreak at the workplace, or lost childcare where the employer can't accommodate them with paid time off or leave. More information about Minnesota's response: https://www.uimn.
org/applicants/needtoknow/ news-updates/covid-19.jsp - Hourly/Salaried Individuals in Wisconsin: The Wisconsin Governor has asked the state legislature to waive the one week waiting period for unemployment benefits. An executive order removes the requirement to search for work while laid off or working with reduced hours. More information about Wisconsin's response: https://dwd.
wisconsin.gov/covid19/public/ ui.htm - Self employed / 1099 contractors: Neither Minnesota or Wisconsin currently has a solution for UI benefits for workers in this category. Our trade association is actively lobbying to get benefits for self-employed individuals and 1099 contractors, but nothing has been enacted there yet. There are several loan options available due to the emergency declarations and executive orders
- Minnesota DEED: On 3/23/2020 the governor directed DEED to create an emergency loan program that is 50% forgivable and has a 0% interest rate. More information: https://mn.gov/
deed/newscenter/press- releases/?id=424384 - SBA Economic Injury Disaster Loan Program: This is available directly through SBA – not local banks. Low interest loans are available up to $2MM with a current interest rate of 3.75%. More information here: https://disasterloan.
sba.gov/ela/
Fannie Mae, Freddie Mac, and FHA have all released new payment deferment options for loans owned by them. They've instructed banks and servicers not to charge penalties or make derogatory credit reports. While you may mail your payment to a bank or mortgage company, it's likely owned by one of these three entities. It's important that individuals seeking this help, contact their bank or servicer to set up the deferral before missing a payment. Here are the sites with details.
- Fannie Mae (with search to see if the loan is owned by them): https://www.fanniemae.
com/portal/media/corporate- news/2020/covid-homeowner- assistance-options-7000.html - Freddie Mac (with search to see if the loan is owned by them): http://www.freddiemac.com/
about/covid-19.html - FHA: https://www.hud.gov/
press/press_releases_media_ advisories/HUD_No_20_042 - VA: https://www.va.gov/
housing-assistance/home-loans/ trouble-making-payments/
Many auto lenders are offering to defer payments up to six months without penalties or adverse credit reporting. Call your auto lender or visit their website for more information.
Home/Auto/Renters Insurance:
Almost every large insurance carrier is currently offering payment deferments without penalties right now. Contact your agent or carrier directly if needed.
8
RE/MAX Professionals Celebrates 2016 Successes
2016 was a record year for RE/MAX Professionals and we had a great time celebrating at our annual Holiday Party & Awards Celebration. The brokerage was named one of the top 30 brokerages in the Twin Cities, based on units sold. The total number of transactions were up 11.3% in the past year. Total volume increased 25.6% to $132 million over the past year, and our per agent productivity increased to 19 transactions. This led to RE/MAX Professionals being ranked #4 RE/MAX brokerage in Minnesota based on units sold.
RE/MAX Professionals could not have done it without our outstanding associates. RE/MAX Professionals inducted a total of 8 members into the Executive Club in 2016. The Executive Club level is the sixth highest international honor for sales in a single year. Only 20% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Executive Club level in 2016. The recipients were Perry Abel, Andy Calton, Brittney Dahl, Elisa Eesley, Charlene Foltz, Dan Harrison, Tony Khambata, and Jeff Nivala Jr.
RE/MAX Professionals inducted a total of 8 members into the 100% Club in 2016. The 100% Club level is the fifth highest international honor for sales in a single year. Only 30% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the 100% Club level in 2016. The recipients were Caroline Anderson, Anne Clancy, Justin Culley, Justin Fox, Hollie Hernandez, Aundrea Paskett, and Amy Zuccone.
RE/MAX Professionals inducted a total of 3 members into the Platinum Club in 2016. The Platinum Club level is the fourth highest international honor for sales in a single year. Only 9% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Platinum Club level in 2016. The recipients were Jonathan Lindstrom, Thad Rich, and Mike Vizenor.
RE/MAX Professionals inducted 1 member into the Chairman's Club in 2016. The Chairman's Club is the third highest international honor for sales in a single year. Only 1% of more than 1,700 RE/MAX INTEGRA Midwest associates in Minnesota achieved the Chairman's Club level in 2016. Our very own Mark Mason was the recipient of this award in 2016.
In addition to being named into the Chairman's Club, Mark Mason was also inducted into the Hall of Fame in 2016, a significant milestone based on sales volume with RE/MAX. The Mason Team was awarded the top team at RE/MAX Professionals in transactions, completing 90 transactions in 2016.
Anne Clancy was awarded the On Fire award which is awarded to the individual or team that had the largest increase in production over the year prior. Anne had a 109.6% increase in volume for a total of 9 million in production.
Brittney Dahl was also presented with the On Fire award for the largest increase in transactions over the year prior. Brittney had an 85.7% increase in transactions.
Thad Rich was named the #1 individual agent at RE/MAX Professionals in volume and transactions with 12.1 million in volume and 43 transactions.
The Jonathan Lindstrom Real Estate Group was named the #1 team in Volume with 22.3 million in sales volume.
When asked about the success of his agents, broker and owner Justin Fox had this to say, "RE/MAX Professionals continues to be home to the most productive, independent real estate entrepreneurs. We continue to support productive real estate professionals with progressive leadership and technology. We're thrilled to recognize our associates on their outstanding achievements this year."
Congratulations to all of our award recipients in 2016. Their hard work and service-first attitude shows.
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