With so much information floating around nationally about foreclosures and short sales, I thought I would share some facts that speak to both home sellers and buyers with a few definitions and guidelines, as well as specific local market data about distressed properties.

A quick reminder of some key definitions is important to begin. What is a “short sale”?  In general, this occurs when a homeowner owes more to the lender than the amount for which the home will net from a sale. The lender(s) agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.  Another familiar term is foreclosure.  This occurs when the owner is in default of their loan and the…

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Each year ERA Landmark features a local Montana artist for the downtown Bozeman Art Walks which occur on the second Friday of the month June through September from 6 to 8 PM. For the first Art Walk this year, we're proud to feature Tom Murphy, originally from South Dakota, whose abstracts, landscapes, and wildlife photography truly capture the essence of Montana and the undeniable beauty of our surroundings in this majestic state.

Read further for more information on Tom and click through to his website to take a sneak peek at some of his work.

Tom Murphy was raised on a 7500-acre cattle ranch in western South Dakota. This experience taught him more than he wanted to know about cattle and convinced him that he didn’t want to chase cows for the rest of…

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Robyn Erlenbush, Broker/Owner of ERA Landmark Real Estate, is pleased to announce that ERA Landmark Real Estate was one of three finalists in the nation for the ERA Circle of Light Award. The Circle of Light Award recognizes ERA companies that serve their community by giving time or raising funds for charitable organizations. This inaugural award recognized one affiliate, Napier Realtors ERA of Midlothian, Virginia, and two finalists, ERA Shields of Colorado Springs, Colorado, and ERA Landmark, for demonstrating a consistent commitment to the local citizenship that makes neighborhoods strong. Each company was honored for this achievement at the 2011 ERA International Business Conference, held March 17-19 in Las Vegas.

Meeting customer needs and serving…

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