September Newsletter

The Yale Street Community
September 2010
A newsletter devoted to informing our clients, colleagues, and friends about the real estate industry as well as random but hopefully entertaining thoughts about life. Feel free to email us and give feedback on any of the topics.
A Few Observations
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My worst fears have finally been realized. One would think I might fear the usual suspects of sharks, terrorist attacks or earthquakes...but none of these hold a candle to my deepest fear...dust! It's been a year since I've moved out of my parents' house and the battle between those particles and me has never gotten more heated. It's EVERYWHERE; on my TV, desk, table and it never stops! Living in the dust-free friendly confides of my parents household for so long has left me not paying much attention to dust or how to clean it...until now! It's all I can think about. Someone has to win in this epic battle between particles and me. So far I'm afraid I've been left in the dust.
New Offer: Running from now until the end of November, if you close your loan with us we will give you a $200 Home Depot Gift Card. Win/Win situation by taking advantage of low interest rates as well as a new housewarming gift on us. Now you can get that electric power washer with power boost technology you've always wanted! Click here for current rates: www.yalestreet.com.
Real Estate News: Foreclosure filings in August fell 5% from a year ago, the third straight month of declines, according to RealtyTrac, an online foreclosure marketplace. Slightly up from July, but still an improvement. We're going to look at some bank auction homes this weekend to see if there any good deals out there. We'll report back.
Random Question of the Day: How come when describing tough times people say, "it was all downhill from there?" If you ask me, times should be getting better as walking/running downhill is easier than uphill...right?? It should be simple physics at work here! This needs to be settled once-and-for-all. Once we get this Middle East conflict all ironed out in the next couple of weeks, this should be the next hot-topic debate!
Economic News: The Labor Department reported weekly initial jobless claims decreased slightly last week to 450,000, which is the lowest level since July and roughly in line with consensus analysts' estimates. This is considered good news?! That's as if the total populations of Glendale, Burbank and Pasadena all lost their jobs at the same time!
About Yale Street: Yale Street provides financing for your home or apartment building in California. Loans to refinance, purchase or renovate. We set up a company that can give you the same rates and programs as the big banks, but with better service tailored to your needs. We don't have the big advertising budgets - we depend on word of mouth. If our borrowers are satisfied with their mortgage, we figure we will be given referrals to others wanting the same great service. Give us a call or send us an email. We'll buy you a latte.
Mark Van Dellen
(818) 424-4594
www.yalestreet.com
info@yalestreet.com
CA DRE Corp License # 08173119
NMLS Corp License # 311752
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