Coachella Valley Mortgage Home Financing Blog: December 2010

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
E-Mail: slarue@franklinlc.com
Website: www.SeanLaRue.com

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

Date	ET	Economic Report	For	Estimate	Actual	Prior	Impact
Tue. December 28	10:00	Consumer Confidence	Dec	56.1		54.1	Moderate
Thu. December 30	08:30	Jobless Claims (Initial)	12/25	NA		NA	Moderate
Thu. December 30	09:45	Chicago PMI	Dec	61.6		62.5	HIGH
Thu. December 30	10:00	Pending Home Sales	Nov	NA		10.4%	Moderate

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.

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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

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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

REGISTRATION IS A MUST!

Contact Joy 760-346-5637 email joy@cdaronline.com

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Friday, December 24, 2010

Aloe Blacc performing "I Need A Dollar" on KCRW

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Sent from my iPad

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Wednesday, December 22, 2010

Check out this code

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Friday, December 17, 2010

TweetMag - A quick demo

Check out this video on YouTube:

Sent from my iPad

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Merry Christmas everyone!

Sean La Rue
760-835-5663
www.SeanLaRue.com

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My new iPad work station. Works like a charm.

Sean La Rue
760-835-5663
www.SeanLaRue.com

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QR CODES FOR GLOBAL MEDIA

Check out this video on YouTube:

Sean La Rue
760-835-5663
www.SeanLaRue.com

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TechTips | What are QR Codes anyway?

Check out this video on YouTube:

Sean La Rue
760-835-5663
www.SeanLaRue.com

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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 http://www.mmgweekly.com/w/index.html?SID=1e199ccc0d3a8aed6c1effd016e3c9d1

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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.

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