Archive for January 6th, 2010

Los Gatos Gala Event to Support Museums

Los Gatos-museum-benefit-event

A cat sculpture by artist Jolene Anderson that was auctioned off at the 2003 Touch My HeART gala.

Los Gatos-

Hand-painted cat sculptures by 21 award-winning local artists will go on display throughout downtown Los Gatos on Jan. 5, as part of the upcoming Touch My HeART 2010 fundraiser for the Museums of Los Gatos.
Families are encouraged to bring their children to tour the feline figures, who’ve been adopted by local businesses, to find the hidden heart on each sculpture. The cats will then be auctioned off at the “Cats Night Out” gala on Feb. 27 at the Toll House Hotel.
“Cats Night Out is sure to be one of the most exciting events to be held in Los Gatos this year, and we look forward to a fabulous turnout,” said Museums of Los Gatos Executive Director Elke Groves in a press release.
Launching the art season in Los Gatos for the past nine years, Touch My HeART is the major fundraiser for the Museums.
The ninth annual gala will feature fine food, wine and musical entertainment, all benefiting the 501(c) 3 non-profit that aims to promote local history and fine arts throughout the town. Also up for auction at the event will be a weekend of golf at Carmel Valley Ranch, a week’s stay at a vacation home in Truckee and a dinner for eight at La Estancia.
“This gala has become a tradition that brings together the community’s most enthusiastic and generous individuals in support of the Museums of Los Gatos” said Touch My HeART president Sandy Decker in a press release.
The Cats Night Out gala will take place from 6pm to 9pm. Tickets are $120 per person.  Visit http://www.museumsoflogatos.org for more information.

Guest Post Written by Jessica Fromm

Fannie Mae is to Move Faster on REO Sales

Fannie Mae has adopted a new policy in which it may accept offers to purchase homes it has repossessed without notifying loan servicers.

foreclosure-Fannie-Mae-sellingLoan servicers may be required to reimburse Fannie Mae for a loss if it turns out the original mortgage on the home did not meet its eligibility or underwriting requirements.

Fannie Mae previously allowed servicers 15 days to turn over loan files for review if there was a question over whether a mortgage on a repossessed property met Fannie Mae’s requirements. Loan servicers then had the option of trying to find a better offer for the property or buy it themselves rather than reimburse Fannie Mae for any loss.

To speed up sales of foreclosed properties, Fannie Mae Read the rest of this entry »