About Aitkin County, MN

If everyone had the ability to sell their existing home or the financial resources to make the purchases, there are many great homes on the market at exceptional prices in the Brainerd Lakes area of Minnesota. For every home that sells in the Brainerd Lakes area of Minnesota, 15 properties remain on the market. The median sales price of a home in the Brainerd Lakes area dropped 9 percent and is now at $154,425 according to the Greater Lakes Association of Realtors.
The Brainerd housing market is lagging behind the Minneapolis-St. Paul-Bloomington market, which was recently ranked the top healthiest market in the nation. The Brainerd housing market is moving on a slow, steady road to recovery as the number of homes for sale decreased and closed home sales increased. Closed home sales were up 9 percent over last October; all told, 206 properties closed last month compared to 189 a year ago.
Overall, active listings were down 11 percent and new listings were up 2 percent. The month’s supply of housing has dropped to 16.8 months from 19.3 months, meaning that it would take 16.8 months for the existing inventory to be sold at the current rate of sales.

If you are interested in a seasonal property or a year around home in Central Minnesota- call Kathleen Lordbock with Keller Williams Realty Brainerd Lakes. The lakes are always beckoning whether it is summer wake boarding or winter ice fishing. Combine those with the exciting snowmobiling opportunities, skiing and brisk winter walks in this wonderland.

Come and see us soon!

KATHLEEN LORDBOCK EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS

IN DANGER OF FORECLOSURE

Kathleen Lordbock of Keller Williams Realty Brainerd Lakes has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

In the Brainerd Lakes area, many homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.

“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Lordbock. “It is so rewarding to be able to help sellers save their homes from foreclosure.”

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, FL said that Realtors® such as Kathleen Lordbock with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.

Foreclosure numbers for 2010 in lakes area counties represent a staggering sum.

"The No.1 driver for foreclosure in the state of Minnesota is unemployment and underemployment," said Ed Nelson, marketing and communication manager with St. Paul-based Minnesota Home Ownership Center. "Until we start seeing our unemployment rate drop and stay dropped, we're going to see elevated numbers of foreclosures."

In 2010, there were 71,556 pre-foreclosure notices sent to Minnesota families.

While not all the foreclosures represent a homestead lost, since reports indicate a rise in second-home foreclosures, the majority are serving as primary homes.

In a Seminar at the Greater Lakes Association of Realtors on January 28,2011, Nelson presented a preview of preliminary foreclosure numbers. These initial figures, which may change slightly, present a picture of the extensive mortgage crisis. In the hard hit Crow Wing and Mille Lacs counties, up to 8 percent of all residential parcels are in foreclosure.

Crow Wing County had 388 foreclosures in 2010 for a running foreclosure total of just less than 1,600 households in the last four years. For Crow Wing, the numbers began a rather steep rise in 2007, bumped up even farther in 2008 before leveling off in 2009.

Mille Lacs County's foreclosures shot up in 2006, more than doubled by 2007 and climbed even higher in 2008. Nelson said the Mille Lacs County foreclosures have leveled off but at elevated numbers. The county had 226 foreclosures in 2010, slightly higher than 2009.

If you are falling behind on payments or have already received a notice of the Sheriff's Sale, please do not walk away. We may be able to negotiate with your lender to sell your home for less than you owe and avoid foreclosure. This will give you a graceful exit and allow you to move on.

Kathleen Lordbock

Keller Williams Realty Brainerd Lakes

Short Sale Specialist

218-831-8001

Northern Minnesota contract for deed properties-lake homes cd-cabins-acreage-farms- click on any address for more info. 651-334-8312

2098 Timber Ridge Lane , Mora, MN 55051 Gorgeous Chalet Style. Mstr BR loft, ceramic tile, built-in maple cabs, HW flrs, 2 oversized grgs, much more! Built in 96, shows like new! Lake access at rear of property. Add’l 125’ of lakeshore not included in listing but avail for sale. access... More Info $319,999

18339 329th Avenue , Isle, MN 56342 Custom built, newly constructed home w/4BR 3BA, 5car garage on main level & 5car garage on backside lower level. 110' of lakeshore, deep lot, very private w/mature trees, cobble stone entry, stamped concrete, hard wood floors& many more extras -a must... More Info $459,000

68872 Us Highway 169 , Hill Lake Twp, MN 55748 Exceptional quality! This three bedroom 3 bath brick home has knotty pine vaulted ceilings, ¾’ oak floors, ceramic tile, floor to ceiling gas fireplace,custom built kitchen w/hickory cabinetry and more. SELLER WILL ACCEPT CONTRACT FOR... More Info $495,000

38245 Rush Lane , Crosslake, MN 56442 9 acres wooded lot; 113 feet of lakeshore; Quaint summer. Secluded lake on 13 Lake... More Info $499,900

17748 Browns Lane , Brainerd, MN 56401 North Long Lake home. This newer well maintain house, that is the last place on a dead end, road features 460’ of lakeshore on 3.2 acres with additional land available up to... More Info $579,000

34916 455th Place , Aitkin, MN 56431 IMAGINE BEGINNING EACH DAY IN THIS CUSTOM 3 BR, 2 BA HOME WITH MILLION DOLLAR VIEWS ! 173' OF SHORELINE, 1.5 ACRES, 2 CAR ATTACHED & 3 CAR GARAGE, MASTERFUL LANDSCAPING, GOURMET KITCHEN, VAULTED CEILINGS,PERRENIAL, ROCK & ROSE GARDENS, WRAP-AROUND... More Info $639,000

4521 Lowland Lane , Nisswa, MN 56468 Location, Location, Location! Looking for a quiet, private lake home at the end of a dead end street, this is it. Outstanding attention to detail in this custom builthome. Vaulted wood ceilings, 2 gas... More Info $659,000

38744 Bird Haven Road , Crosslake, MN 56442 5 acre island with power & tele. Old cabin/shed on island sold as is. Great beach! The eagles nest is on this island. Huge Red Pine! In family for 70... More Info $769,000

37217 Silver Peak Road , Crosslake, MN 56442 4 BR home on WFC/Lower Whitefish with 100' excellent sand beach, large lakeside deck, 4-season porch, 3 -car garage plus another 4-car garage. Interior includes hardwood floors, 9' ceilings, master BR suite w/study & FP. Much more including... More Info $799,000

8242 200th Street , Milaca, MN 56353 480 acres, 3200 finished sq. ft. house has been completely remodeled. Perminant deer stands, Ponds, Woods, Master bedroom L shaped with gas fireplace, See supplement for full... More Info $850,000

7734 Lost Lake Road , Lake Shore, MN 56468 Unique, one of a kind Gull Lake beauty with privacy like no other. Spectacular setting and quality throughout. Two living rooms, fantastic screened in porch, family room with wet bar in a full walk out basement. Open, designer kitchen with granite... More Info