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    Monday, December 27, 2010

    Sean La Rue's Weekly Newsletter: Holiday Season Did You Know's

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    Provided to you Exclusively by Sean K. La Rue
    “Your KEY to Moving Home”    

    For the week of Dec 27, 2010 | Vol. 8, Issue 52

    Sean K. La Rue

    Sean K. La Rue
    Senior Vice President
    Franklin Loan Center
    Office: 760-837-1488
    Cell: 760-835-5663
    Fax: 800-784-9089

    Franklin Loan Center

    Holiday Issue

    Happy Holidays - I wish you and yours all the very best during this season!

    As your Trusted Advisor, I sincerely hope you're enjoying your complimentary subscription to The Mortgage Market Guide Weekly. Since the Christmas holiday is being observed this week, your next full issue will arrive on Monday, January 3, 2011. In the meantime, please enjoy the article below which contains fun facts about the holiday season.

    Season's greetings to you. And if I may be of any assistance to you at this time, please feel free to contact me.

    The Mortgage Market Guide View...

    Fun Facts about the Holiday Season

    Santa Claus may live in the North Pole according to all those holiday stories, but did you also know that there’s a Santa Claus, Ind. (population 2,303) and a Santa Claus, Ga. (247)? And we can’t forget about Noel, Mo. (1,615); Snowflake, Ariz. (5,686); and, for those reindeer lovers, both the village of Rudolph, Wis. (418) and Dasher, Ga. (821).

    Here are some other fun facts to share with your family and friends this season, courtesy of the U.S. Census Bureau:

    • Potato latkes are a staple of Hanukkah celebrations, and in 2009 50.9% of potatoes in the U.S. were produced in Idaho and Washington.
    • Last year, 14 percent of sales for department stores in all of 2009 occurred in December (the figure was 21 percent for jewelry stores).
    • Book store sales jumped 98 percent from November to December, 2009.
    • $1.2 billion of candles were shipped in 2008 by U.S. manufactures, and candles play a big part in a variety of holiday celebrations.
    • Holly Springs, Miss., and Mount Holly, N.C. are just two of a dozen places named Holly in the United States.
    • The U.S. is expected to have a population of more than 311 million once 2011 arrives.

    May the rest of your holiday season be safe and joyful, and wishing you a very happy new year!


    Economic Calendar for the Week of December 27-31, 2010

    Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.Economic Calendar for the Week of December 27 - December 31



    Economic Report






    Tue. December 28


    Consumer Confidence






    Thu. December 30


    Jobless Claims (Initial)






    Thu. December 30


    Chicago PMI






    Thu. December 30


    Pending Home Sales






    The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.

    As your trusted advisor, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.

    In the unlikely event that you no longer wish to receive these valuable market updates, please USE THIS LINK or email:

    If you prefer to send your removal request by mail the address is:

    Sean K. La Rue
    44-800 Village Ct.
    Palm Desert, CA 92260

    Mortgage Success Source, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated.   Mortgage Success Source, LLC does not grant to you a license to any content, features or materials in this email.   You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.

    Equal Housing Lender          

    Posted via email from Sean La Rue's Posterous

    11 Top Apps for 2011! Seminar Event 1/19

    I hope you had a wonderful holiday this weekend and plan on having a safe New Year’s.

    I wanted to personal invite you to the event coming up. Attached is a flyer from the Desert’s Young Professional Network.  RSVP early to save your seat. So….  Plan now! 

    11 Top Apps for 2011!

    Find out what apps your smart phone can’t live without for your business in 2011.  Apps for Droid, Blackberry, iPhone and iPad

    When:  Wednesday, January 19th

    What:   Lunch 11:30 am / Seminar 12– 1:30 pm

    Cost:      $5.00 Person – Lunch Provided

    Instructors: Sean LaRue and Heather Ozur


    Contact Joy 760-346-5637  email

    Posted via email from Sean La Rue's Posterous

    Friday, December 24, 2010

    Monday, December 13, 2010

    My Weekly Newsletter

    Want to know what’s going on in the world of finance and economic reports?

    Click this link for my weekly newsletter

    Posted via email from Sean La Rue's Posterous

    Foreclosure / Short Sales / Bankruptcy

    Because of the current economic and market conditions I am often asked by Realtors and potential homebuyers the updated waiting period requirements to obtain home financing after a bankruptcy, foreclosure or short sale.  Here is a helpful at-a-glance guide for the required wait times.

    Conventional Loans:

    • Chapter 7 BK – 4 year waiting period from the discharge/dismissal date.
    • Chapter 13 BK – 2 year waiting period from the discharge date or 4 years from the dismissal date.
    • Multiple Bankruptcies – If there are multiple bankruptcies within a 7 year period, the waiting period is 5 years from the most recent discharge/dismissal date.
    • Foreclosure – 7 year waiting period from the completion date.
    • Deed-In-Lieu/Pre-Foreclosure Sale (Short Sale) – Minimum 2 year waiting period.

    FHA/VA Loans:

    • Chapter 7 BK – 2 year waiting period from the discharge/dismissal date.
    • Chapter 13 BK – 1 year of the payout must have elapsed and the borrower’s performance must have been paid as agreed.  Document that the borrower’s current situation is not likely to recur. The court must grant permission to the borrower to enter into a mortgage transaction.
    • Foreclosure/Pre-Foreclosure/Short Sale – 3 year waiting period, however, there are possible exceptions granted for Short Sales.
    • VA Loans ONLY – 2 year waiting period for Foreclosures.

    FHA | VA | USDA | Private Money | Reverse Mortgage | Canadian | Jumbo Loans

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    Posted via email from Sean La Rue's Posterous

    Sunday, December 5, 2010

    Desert Chapter YPN Holiday Party 2010

    Here's a slideshow I put together for the Desert Chapter YPN. Thank you to everyone who came out for the event. We had a good time!

    Posted via email from Sean La Rue's Posterous