
Mark your calendars for Ambler Farm‘s Summer Picnic in Wilton, CT.
Saturday, June 16th from 6 to 11pm.
This event hails Ambler Farm’s annual kick off to summer. Begin the evening picnicking on blankets and relaxing with friends and continue on with live music, hayrides and horseshoes. After dinner, do-si-do your way to the dance floor for some traditional country-western dancing! Back by popular demand, local country chic food will be prepared by Delicious Affair and will feature Ambler Farm organic produce.
This will be a BYOB and BYO blanket event. Non-alcoholic beverages will be provided.
Come dressed in your western best!
This event is sponsored by Moments by Andrea and Wilton Bank.
Rain or shine. $70 members / $75 for non-members. Adults only please.
Tickets on sale for 2012 members only until May 15th. Please register early as enrollment is limited and will most likely sell out quickly. Non members: Click here to purchase tickets.

Last Saturday night, Norman Rousseau reportedly spent hours trying to fix an old RV. He was facing the prospect of foreclosure, and he wasn’t about to see his family forced onto the street. Then mid-morning, with the RV’s engine in pieces, he shot and killed himself, CBS Los Angeles reports Rousseau, who lived in Newbury Park, California, has left a wife and stepson to deal with an ongoing battle with Wells Fargo, according to a lawsuit filed in January 2011 by Norman and his wife, Oriane (h/t Alternet).
“Our thoughts are with the friends and family of Mr. Rousseau at this difficult time. The eviction has been postponed and we will continue to work with Mrs. Rousseau,” a Wells Fargo spokesperson said to The Huffington Post in an email. “Despite current reports, we tried repeatedly to find affordable options for the family.”
The trouble started when the Rousseaus refinanced their mortgage, finding out much later that their interest rate actually increased after they did so, the lawsuit states. On top of that, the lawsuit claims that the couple was convinced to roll their credit card debt into the loan, ostensibly prolonging and increasing that debt as well, according to Chris Gardas, the attorney representing the Rousseau family. At the time, the deal “tasted like honey” to Rousseau, who believed she and her husband had made a solid financial decision, Gardas told The Huffington Post.
Then in May 2009, Wells Fargo allegedly denied it had received the Rousseaus payment for that month. Later, the bank would change its story, blaming the mix-up on putting a stop on the couple’s check, CBS Los Angeles reports. What ensued were repeated and inaccurate requests for payment from Wells Fargo, along with excessive fees and a denied loan modification, according to the lawsuit. That climaxed in a lockout that appears to have led Norman Rousseau to his death, according to the lawsuit. The eviction has now been delayed two weeks, according to the family’s attorney.
Oriane has no desire to stay in the home that’s the scene of her husband’s suicide, the family’s lawyer says. She’s living in a hotel paid for by local church members but, should that support run out, she may be forced to return until evicted.
Norman Rousseau now counts among the victims of the foreclosure crisis driven to tragic ends. Just last week, a Connecticut woman facing foreclosure shot her 85-year-old mother before turning the gun on herself, The Hartford Courant reports. The event is sadly reminiscent of a senior Ohio couple who, also facing foreclosure, were found with fatal gunshot wounds.
Wells Fargo has originated a third of all residential U.S.mortgages, the most in the country and triple the share of the runner-up, JPMorgan Chase, according to Bloomberg. The bank is also one of five that agreed to pay a $25 billion settlement over allegations of mortgage fraud. It recently received a $3.1 million fine for “highly reprehensible” behavior related to oneLouisianaman’s mortgage. Wells Fargo isn’t likely to suffer similar punitive damage here, the family’s lawyer told The Huffington Post. “Instead, everybody just says they’re doing their job.”
As of last night, Mrs. Rousseau told Gardas that she has yet to hear personally from a Wells Fargo spokesperson.
As appeared in the Huffington Post on May 21, 2012

From Chuck Butler at Everbank speaking about the economy:
Data shows US economy starting the 2nd quarter a bit stronger…
Good day. The dollar continued to benefit from the troubles in Europe yesterday, adding to its weekly gains. The dollar index, which tracks the major currencies vs. the US$ is up 1.86% in the past 5 days as investors seek the shelter of the US treasury market. I was talking to Mike last night, preparing for this morning’s Pfennig, and we agreed that all of this dollar buying is starting to look a bit overdone. At some point the markets will figure they have ‘priced in’ the Greek exit and will again start to trade on fundamentals.
Speaking of economic fundamentals, we got a ton of data released in the US yesterday, and most of the numbers surprised on the upside. Housing starts and industrial production exceeded forecasts in April. Starts rose 717k vs. an adjusted 699k in March. With the adjustment to last month’s numbers, the percentage gain in housing starts was 2.6% vs. an expected 4.7% increase, but the numbers were still positive which is all the markets focused on. Building permits, a number which is a bit more forward looking, were a bit mixed. Last month’s permit number was increased to 769k, making April’s number of 715k look worse. April’s permit number was 7% lower than the March number vs. expectations of a 4.5% drop. All in all, the housing numbers show a bit of an improvement in this very important sector of the US economy.
My mortgage guy (I have my mortgage with EverBank of course!) contacted me yesterday to let me know rates had dropped enough to make refinancing a good option for me. As I mentioned in the opening paragraph, much of the ‘safe haven’ flows back into the US dollar have been funneled into the US treasury markets. This fresh round of bond buying has pushed interest rates down which is obviously helping to support the housing market. The average rate on a 30-year fixed mortgage fell to an all time low of 3.83% last week, and the average 15 year rate dropped to an all time low also according to Freddie Mac.
Another report released yesterday showed industrial production climbed 1.1%, the most since December of 2010. The industrial production number was propelled by gains in auto sales which were the strongest in 4 years. Half of the gain in factory output in April was due to a 3.9% surge in vehicle sales according to today’s data. Utility use also increased during April, climbing the most in two years.
In addition, we got the Capacity Utilization numbers for April which increased to 79.2 percent, the highest since April of 2008. Chuck always watches this number closely, as it is a very good indication of whether businesses are using all of their production facilities. A rise of this number above 80 is typically an indication that the economy is ‘running on all cylinders’. We are not quite there, but certainly getting closer!
The combination of an uptick in housing and auto sales was great news for the US economy, and would typically have led to a surge in the equity markets, as these are two of the most important pillars of the US economy. But the stock markets were down here in the US as investors continued to worry about the Eurozone crisis.
It is so interesting how after years and years of real estate transactions, things still come up monthly, if not weekly to stump me.
I represent the Landlords of a rental house. Another agent, let’s call him Jimmy, submitted a rental offer for supremely qualified Tenants who needed to move in quickly and needed an answer quickly. At the time, my Landlords were out of the country so could not respond in time. This is the sole reason the deal did not come together.
Fast forward a month, and the Tenant contacted me – the listing agent – directly asking if they could move into the house in a couple weeks time. The house they ended up renting was not in move-in condition as the Landlord of the house promised it would be. In fact, it was so filled with hazards, bumps and bruises, the house was a danger pit to the family.
The Tenant was in a quandary about where to move next, started to look through his old emails, and inadvertently saw my comment about the Landlords being out of the country as the reason they could not make a decision on the rental whereas his Realtor, Jimmy, told him they were out right rejected from the rental! Therefore, the Tenant called me directly after finding out Jimmy had basically lied to him and told him incorrect information.
My rental was still available and my first question was whether the Tenant signed an Exclusive Rental Agreement with Jimmy so I knew whether I could talk to him directly or not. He looked through his paperwork and it turns out he signed nothing of the sort. This is interesting as EACH and EVERY time a Connecticut Realtor takes a client out to look at a house, some sort of Agreement is required to be signed by law! The Agreement can cover a day, a specific house or a broader category but there needs to be an Agreement in place.
I really didn’t know the protocol for something like this as I wanted to be sure I could talk to this Tenant directly and whether Jimmy would no longer be the Tenant’s Realtor on round #2 of the rental. I called our attorney and he said I was in the clear. The first point was that the Tenant did NOT sign any sort of Agreement with Jimmy. The second point was that if the tenant were mistaken, the agreement would have pertained to the broken and bruised rental, and not future rentals.
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On a side note though related, years ago on a house I owned in California, tenants were unhappy with the condition of a house a day or so after their move in. I was still a prideful owner and could not believe their complaints, so fought them. It didn’t turn out well and the lesson I learned was to appease tenants in cases such as this so as to smooth the way for an amicable relationship and not forgo future rental income.
The New Canaan Farmers’ Market opened on, May 12, in the Old Center School Parking Lot in New Canaan, CT. The market will run every Saturday through November 17, from 10 am to 2 pm.
The Westport Farmers’ Market will open on Thursday, May 24, from 10 am to 2 pm. The market will run every Thursday, from 10 am to 2 pm, at the Imperial Avenue Commuter Lot in Westport. This Farmer’s Market has become one of the best in the area reminiscent of the California farmer’s markets!
