To participate in the show’s live call in dial 318-442-8255 (talk) call between 8:05 and 8:55 on Wednesday morning. Do not attempt to call in on Saturday as this is our encore performance (fancy way to say taped).
You can now sign up on line for email distribution of my transcripts:go to www.kysl.com and click on Rod Noles then sign up to have the show’s notes emailed to you.
Attachments, Announcements, and Travels:
LRAPAC auction September 15th you can bid and buy dinner with former Edwin Edwards.
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Bob ask question was I successful last week at Sheriff Sale.
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People not properties: Guest today Secretary Steven Moret director economic development for State of La.
LLC who are they
Every Deal has a tale / tail.
Peart Farms, LLC, et al (290 Lamourie Road, Lecompte, LA 71346) to Barth Properties, LLC (P O Box 8579, Alex., LA 71306) - Tract in Sec 31, T2NR1E, et al, $200,950.91
DMOT, LLC (P O Box 5624, Alex., LA 71307) to PLOW, LLC (5615 Jackson St., Building L, Suite B, Alex., LA 71303) - 61.308 acres in Sec 30 & 31, T2NR3W, $154,708.00
(+3) Rod’s economic indicatorperfect score is 5. When top rating of 5 appears week after week I will share with our audience, that “Green Shots” is here and recovery is in full swing.
Legal recorder data for five business day August 29, 2011 though September 2, 2011
(1)Total of 40 closed deals for the week has positive score
(2) At least one new home sale for the week has positive score
(3) At least one subdivision lot sale for the week garners positive score
(4) Number of lender sales in market place is less than 5% of the total market sales for the week.
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(5) Two random residential sales compared to average prices for 2008, 2009 and 2010 that demonstrate increase prices.
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(+1) Total saleslooking for 40 closed deals from previous week market provided volume $5,449,187 with 50 sales. Total volume was $5,532,000 with 39 sales close enough for positive score.
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(0) Random salescomparison: We track average sales price in certain subdivision for 2008 through 2010 and compare it to a sale this.
Leslie A & Katherine T Sawhill (440 Country Road 232, Phase 20, Durango, CO 81303) to Kellie J Guedry (204 Sweetwater Rim, Pineville, LA 71360) - Lot 1, E C Mounce Subd. (2350 Donahue Ferry Road, Pineville, LA 71360), $149,000.00. Only 4 sales in past 3 years average is $183,050 sales we are tracking is $149,000 for negative score.
Raymond E & Sandy R West (315 Hermitage Road, Pineville, LA 71360) to James A Richmond and Sarah E Vidrine (512 Pecan Trail, Ball, LA 71405) - Lot 181, Pinebrook Estates Subd., $93,900.00. With 29 sales in past 3 years average is $97,000 sale we are tracking is $93,900
(+1) Lot Sales or home site acreage: Only need one sale for positive score and this week the market gave us
Waylon G Ryder (4282 J W Ryder Road, Deville, LA 71328) to Bryan M & Crystal J Normand (113 Fred Redwine Road, Deville, LA 71328) - 5.056 acres in Sec 37, T5NR3E, $30,000.00
(+1) New Home sales positive score requires only one sale for the week:
V & V Builders, LLC (P O Box 12846, Alex., LA 71315) to Judith A Lambert (5834 Austin Dr., Alex., LA 71303) - Lot 217, Bocage Subd., Phase V (5834 West Austin Dr., Alex., LA 71303), $192,000.00
(-1) Lender total Salesrates positive score if lender sales are below 5% of total sales. 7 sales with volume of $573,000 / $5,532,000 = 10.36%
Federal National Mtg. Assoc. to Sarah L Vanderslice (2711 Madonna Dr., Alex., LA 71301) - Lot 4, Blk 7, Mimosa Place (2711 Madonna Dr., Alex., LA 71301), $62,900.00
Bank of New York to Eldon Dodge (257 Scroggs Road, Pineville, LA 71360) - 5.08 acres in Sec 1, T3NR1E (116 D Wilson Road, Pineville, LA 71360), $91,000.00
Patelco Credit Union to Shequanda S Frank (2508 Myland Dr., Pineville, LA 71360) - Tract in Sec 19, T5NR1E (208 Daniels Road, Ball, LA 71405), $115,000.00
Dept. of HUD to Stanley W Byrd (35 Hooper Road, Deville, LA 71328) - Tract in Sec 21, T5NR3E, $115,000.00
Dept. of HUD to David J Wesse (8216 Tom Bowman Dr., Alex., LA 71302) - Lot 15, Sq 115, Poplar Grove Addn., $51,966.00
The Bank of New York, et al to Dexter & Berdette Soileau (4800 Tullos Dr., Ball, LA 71405) - Tract in Sec 35, T5NR1E (113 Tioga Road, Pineville, LA 71360), $120,000.00
Dept. of HUD to Joseph Baty (380 Tot Dr., Alex., LA 71303) - Lot 89, Jefferson Subd., $16,500.00
Lender to Guarantor (it’s yours now)
U S Bank to Dept. of HUD - Lot 130, Lebanon Subd., Fifth Ext., $97,140.78
Interest Rates: 30 year fixed is 4.18% was 4.28% the 15 year rate is 3.37% was 3.42% . 5/1 ARM is 2.98% was 2.97%.
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