Born May 26th, 1907. Marion Morrison, John Wayne is a legend and one of my heroes.
Marc
Real Estate, News, and Information, for St Tammany Parish LA
Nation's Restaurant News www.NRN.com
10. Saxbys Coffee Worldwide LLC
9. Foster's Grille Inc.
8. Spicy Pickle Franchising Inc.
7. Froots Fresh Smoothies Franchising Co.
6. Hunter Management Co.
5. Freddy's LLC
4. Southeast QSR LLC
3. Five Guys Enterprises LLC
2. Salad Creations of America LLC
1. Which Wich Inc.
Just as an FYI, but there is also a link on www.NRN.com to the top 50 fastest growing retaurant chains too. St Tammany is a beautiful place to live and is growing like a weed, so… I figured this might be of interest to a few local people. As well, just in case you do not know… 🙂 We, Mauti Meredith Scoggin, sell commercial real estate in St Tammany. www.MMS-Properties.com
Thank You
Marc
Download Properties Sold, St Tammany Parish Foreclosure Sale, May 19th, 2010
A busy foreclosure sale. 3 properties sold to Private Investors, with the remaining going back to the banks.
I am also attaching the list of cancelled foreclosures for 5/19/2010.
Download Properties Cancelled, St Tammany Parish Foreclosure Sale, May, 19th, 2010
Thank You
Marc
This list covers the City of Slidell, LA 70458, 70460, and 70461. As well, this list includes data for the Cities of Pearl River, LA 70452, and Lacombe, LA 70445.
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135 home sales for the month of April 2010. This is a 25% increase from March. Wooohooo! Homes are beginning to sell. Lets hope the trend continues.
Download Slidell, Pearl River, Lacombe, LA, Residential Real Estate Sales, April 2010
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The attached Adobe PDF document contains:
•Property Address
•Age of Property
•Condition of Property
•Square Footage
•# of Beds
•# of Baths
•Original List Price
•Final Sold Price
•Final Sold Price per Square Foot
•# Days on Market
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Thank You
Marc Pellettiere
985-867-8670
For a FREE Home Evaluation
Great News for Buyers with a Short Sale!
New Eligibility Rules Announced From Fannie Mae!
There's great news from Fannie Mae for home buyers who have experienced a short sale or deed in lieu of foreclosure. To help the housing market's continued stability, Fannie Mae is changing the "waiting period" (i.e. the amount of time that must elapse after the preforeclosure or short sale event) before home buyers can qualify for a loan.
Several factors will impact these changes, including the required down payment or loan to value (LTV) for the transaction and whether extenuating circumstances contributed to the individual's financial hardship (e.g. a job loss). The following chart highlights the new rules:
Preforeclosure Event
|
Current Waiting Period Requirements
|
New Waiting Period Requirements (1)
|
Deed-in-Lieu of Foreclosure
|
4 years |
2 years – 80% maximum LTV ratios
|
Preforeclosure Sale
|
2 years
|
4 years – 90% maximum LTV ratios |
Short Sale
|
No policy currently exists specific to short sales
|
7 years – LTV ratios per the Eligibility Matrix |
Exceptions to Waiting Period for Extenuating Circumstances
|
||
Preforeclosure Event
|
Current Waiting Period Requirements
|
New Waiting Period Requirements (1)
|
Deed-in-Lieu of Foreclosure
|
2 years |
2 years – 90% maximum LTV ratios
|
Preforeclosure Sale
|
No exceptions are permitted to the 2-year waiting period
|
|
Short Sale
|
No policy currently exists specific to short sales
|
(1)The maximum LTV ratios permitted are the lesser of the LTV ratios in this table or the maximum LTV ratios for the transaction per the Eligibility Matrix.
Note that the terms 'short sale' and "preforeclosure sale' are both referenced in Fannie Mae’s announcement and have the same meaning – the sale of a property in lieu of a foreclosure, resulting in a payoff of less than the total amount owed, which was pre-approved by the servicer.
The bottom line: Buyers who have experienced a short sale or deed in lieu of foreclosure may be eligible for financing sooner than previously expected…especially if they have 20% to put down. If you have any buyer prospects who may benefit from this change, I’d be happy to help you put them in a home.
Read the full announcement from Fannie Mae.
Sincerely,
Guy V Jones & Lance Scott
Integra Lending Group, LLC
985-206-0960
ls@integralg.com
This list covers the City of Covington, LA 70433 and 70435, as well the Cities of Abita Springs, LA 70420, and Folsom, LA 70437.
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75 residential real estate home sales for the month if April 2010. Last month it was only 71 and that number was a big jump from the previous month. I love it. Lots of activity is a good thing. 🙂
Download Covington, Abita Springs, Folsom, LA, Residential Real Estate Sales, April 2010
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The attached Adobe PDF document contains:
•Property Address
•Age of Property
•Condition of Property
•Square Footage
•# of Beds
•# of Baths
•Original List Price
•Final Sold Price
•Final Sold Price per Square Foot
•# Days on Market
=====
Thank You
Marc Pellettiere
985-867-8670
For a FREE Home Evaluation,
1.
|
Loan Search – Buyers should seek the advice of an experienced mortgage professional, someone who will help determine which financing options best suit their needs today and in the future. | |
2.
|
Loan Application – It's crucial that consumers supply the lender with as much information as possible, as accurately as possible. All outstanding debts as well as assets and income should be included. | |
3.
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Documentation – Buyers must submit paperwork supporting the application as well. Information commonly sought includes pay stubs, two years' tax returns, and account statements verifying the source of the down payment, funds to close and reserves. | |
4.
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Pre-approval – Getting pre-approved for a mortgage allows borrowers to know exactly how much house they can afford. Viewed as "cash buyers", pre-approved borrowers have greater negotiating power as well. | |
5.
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The Hunt – The buyer begins shopping for a house. When the right one is found, the terms of the sale will be negotiated, including the price and potential terms of the loan being sought. | |
6.
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Appraisal – Lenders require an appraisal on all home sales. By knowing the true value of the home, the borrower is protected from overpaying. | |
7.
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Title Search – This is the time when any liens against the property are discovered. A lien may have been placed on a property to ensure payment of outstanding debts by the owner. All liens must be cleared before a transaction can be completed. | |
8.
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Termite Inspection – While most purchase loans do not require a formal inspection for termite and water damage, some loans (especially government loans) allow for the possibility. If problems are found, repairs may be necessary. | |
9.
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Processor's Review – The mortgage professional packages all pertinent information and sends it to the lending underwriter, including any explanations that may be needed, such as reasons for derogatory credit. | |
10.
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Underwriter's Review – Based on the information put together by both the loan executive and the processor, the underwriter makes the final decision regarding whether or not a loan is approved. | |
11.
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Mortgage Insurance – Many lenders require private mortgage insurance when borrowers put down less than 20 percent on a loan. | |
12.
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Approval, denial or counter offer – In order to approve a loan, the lender may ask the borrowers to put more money down to improve the debt-to-income ratio. The borrower may also need a bigger down payment if the property appraises for less than the purchase price. | |
13.
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Insurance – Lenders require fire and hazard insurance on the replacement value of the structure. Flood insurance will also be required if the property is located in a flood zone. In California, some lenders require earthquake insurance on condominiums. | |
14.
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Signing – During this step, final loan and closing documents are signed. | |
15.
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Funding – At this point, the lender sends a wire or check for the amount of the loan to the closing company. | |
16.
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Close of Transaction – Documents transferring title will now be recorded with the County Recorder. | |
17.
|
Buyer Begins Making Mortgage Payments |
Thank You
Guy V Jones & Lance Scott
Managing Owners
Integra Lending Group, LLC
Phone: 985-206-0960
Fax: 985-206-0965
ls@integralg.com
www.IntegraLendingGroup.com
Dear HBA Members,
Each year our members join together to build a beautiful house that is raffled off and the proceeds benefit deserving charities in St. Tammany and Washington Parishes. We are proud to have such great members who support us in this effort.
For this year’s Raising the Roof for Charity Raffle House there are only 5,500 tickets. Every ticket is a winner. You have a good chance of claiming a great home. And you’ll surely help make St. Tammany a greater community. The drawing is less than a week away and there are still lots of tickets available! We need your help to make this year a success! Get your tickets now and encourage your staff, family and friends to get their tickets before it is too late. Even if you don't win, you know your money is going to creating a better community.
The annual Raffle House event supports organizations that are working to build a better future for St. Tammany. Organizations like Support Our War Heroes, Tammany Trace Foundation, American Red Cross and many others.
We will also be drawing for other great prizes including an autographed Sean Payton football; $750 gift certificate for a pair of bikes; a freshwater cultured pearl bracelet; a piece of STARC Art; signed and number prints by Adam Sambola; $100 Shell gift card; $100 Visa gift card; and free oil changes from 5 Minute Oil.
Win a house. Build our future. Buy a ticket. You can’t lose.
Learn more and buy tickets at www.raisingtheroof.net.
Thank You
We would like to announce our new Who Dat Watches, made by Pulsar, a division of Seiko Watches, specifically for Fisher and Sons Jewelers. The watch is in a silver tone, with a gold fleur de lis on the dial and the words “WHO DAT” just above the 6. It currently sells for just $89.50. These watches are currently only in a Men’s style, but a Ladies style will be made available if there is enough demand.
If you would like to place an order, please give us a call at 504-885-4956 or email us at info@fisherandsonsjewelers.com
Craig Fisher
President/Master Jeweler
Fisher and Sons Jewelers
5101 W. Esplanade Ave, Ste 1
Metairie, LA 70006
(504)885-4956