Today is the big day, the Colfax Charter Elementary School World’s Fair, in Valley Village. I’m not sure which event is more fun, the fair or the Valley Village Homeowners Association 4th of July parade. The fair is from noon to 7:00pm. There an incredible silent auction with over 500 items, food booths, rides, raffles, performances by the children and much more. This is an event that should not be missed!! See you there and at the parade on the 4th!!
Click on the link below for more information.
www.biddingforgood.com/auction/AuctionHome.action?auctionId=186829247

Walter Reed Middle School is hosting their annual Faire of the Ages Renaissance Celebration of Arts & Innovation this Friday, April 12 from 1:00-5:00 and Saturday, April 13 from 10:00-5:00. Admission is free!! There will be food, arts & crafts, games, entertainment, silent auction, & raffles. For more information call 818-487-7600 or click on the link below. http://www.reedms.com/ptsanew/annualgiving/

NCVV is sponsoring a tree planting event this Saturday, April 13, from 8:00-noon, at Valley Village Park. The Tree People have generously donated 15 trees for our park. Volunteers are needed to help with the planting. More information can be found at http://www.myvalleyvillage.com/news_details.php?news_id=129

Saturday, March 23rd, DWP will begin the long-planned project on Coldwater Canyon Avenue that will result in a partial closure of the street, from Ventura Boulevard to Mulholland Drive. Coldwater Canyon will be shut down – starting at 8:30 a.m. and end at 6:00 p.m. During the week – Monday through Friday – construction will begin at 8:30 a.m. and end at 7 p.m. Construction will not take place on Sunday.
More information on this can be found on the LADOT website.
http://ladot.lacity.org/pdf/PDF313.pdf

Neighborhood Council Valley Village gained the support of Greater Toluca Lake Neighborhood Council, Mid-Town North Hollywood Neighborhood Council and Studio City Neighborhood Council to purchase a Mobile Digital Sign.
The Wanco metro variable message sign and trailer, model WVTMM-M with the optional Data Collection/Traffic Counter, will be donated to the Los Angeles Police Department, North Hollywood Community Police Station for its dedicated use within its primary jurisdiction. The sign can notify drivers if they are exceeding the posted speed limit, notify residents of important items in the neighborhood, such as increased break-ins, traffic detours or meetings. It can also perform traffic studies that can be submitted to the LADOT for evaluation. Below is a link to an article in Patch regarding the sign. http://studiocity.patch.com/articles/studio-city-joins-valley-village-and-other-neighborhood-councils-in-purchase-of-lapd-digital-sign?ncid=newsltuspatc00000001

You have until March 4th to take the Mayor’s budget survey. It is available online by going to 2013 Los Angeles Budget Challenge. I have copied the link below. Your opinion matters for the benefit and welfare of Los Angeles and Valley Village.
http://la.budgetchallenge.org/pages/overview

Neighborhood Council Valley Village monthly board meeting is tonight, 6:30, 5000 Colfax Avenue, Valley Village.
Mark Dierking will be giving an update on Metro plans for sound walls
along the 170 Freeway in Valley Village.

Saturday, February 23, at 9:00 AM there will be a candidate forum at Los Angeles Valley College, Monarch Hall, 5800 Fulton Avenue, Valley Glen. All five Mayoral candidates and three City Controller candidates.
9:00 a.m. Coffee & Refreshments, 9:30 a.m. City Controller Candidates, 11:00 a.m. Mayoral Candidates. Dan Schnur, Director Unruh Institute of Politics, USC is the moderator.

If you are in the unfortunate situation of trying to decide between letting your property go into foreclosure or try to sell as a short sale, you should know how it will effect you when you try to purchase a new home in the future.
Foreclosure
FNMA : need 7 years from time of foreclosure
FHA : Need 3 years from time of foreclosure

Under a Short Sale the rules will vary
FNMA: After 2 years if the client is putting down 20% and get an approve/ eligible under DU( desktop underwriter), FNMA will be able to lend to this borrower. If they are putting less than 20% and need mortgage insurance, it will be after 4 years.
FHA: It is the same as foreclosure, 3 years, unless they made their payments on time up until the property sells. They would also need to be current on all other debts for the last year and able to show hardship as the reason for short sale. If the client can prove all of these conditions, FHA has no time restriction on when that buyer can reapply to purchase a property.

NCVV’s first meeting of 2013 is tonight at 6:30pm, Colfax Charter. There are important issues on tonight’s agenda. Starbuck’s is proposing a new location at the southwest corner of Laurel Canyon and Burbank Blvd. Please attend if possible.