|Cathy Braun - Associate Broker/Certified Distressed Property Expert (CDPE), has been an Ely girl from day one! She learned the meaning of hard work, dedication, and responsibility as she grew up in Ely with her parents, 5 brothers and 4 sisters. The love for Ely's small town values, scenic outdoors, and activities has kept this small, hometown girl from looking anywhere else for the perfect place to raise her 5 children. Before joining Bear Island Land Co. in the Spring of 2002, Cathy sold real estate in the Lake Vermilion area.
Certified Distressed Property Expert Cathy has completed extensive training in foreclosure avoidance, with a particular emphasis on short sales. At a time when millions of homeowners are struggling with the possibility of foreclosure, the skills and education accumulated by Braun will help benefit Ely-area residents and communities.
Short sales allow the distressed homeowner to repay the mortgage at the price that the home sells for, even if 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.
Cathy has earned the prestigious Certified Distressed Property Expert® (CDPE) designation and is ready to assist those who can benefit from her expertise.
Office phone: 218-365-2800