Realty World – BLUE | Property Group, Inc.

 

Hellooooo My Wonderful, Beautiful Bay Area!!… Please take a few minutes to preview this Darling Bungalow in San Jose, CA…  Located in the Central District near everything in Downtown San Jose… Perfect little home in a nice single family home neighborhood… for 1st x homebuyer/s, empty nesting, spacious private backyard, huge tandem driveway,beautiful floors,  new roof, new dual pane windows throughout, new gas heater, appliances, ceiling fans, upgraded bath, inside laundry room… Just Move Right In!!… Put on your thinking caps this one is a real little gem…Get it while you can!!… This one is NOT a Short Sale is Not an REO… its a straight sale… Response time will be fast…

Thanks for checking in… Cheers!!…
Isi
Isi Wu… the realtor for you
Serving Clients All Over the Eastbay…

 

Hello My Beautiful, Wonderful Bay Area!… Today …Isi’s Fav Spots is highlighting a fun place to go have food and drinks and general merriment… Another one of those places in the Eastbay thats been around for a long time and enjoys a clientele made up of old timers – new timers and once in awhile timers… but always a great place to enjoy some food and drinks and friends or do business… hope you’ll put it on the calendar to go try it out … its a nice place…
http://www.youtube.com/watch?v=ZwQz1I9MQLw
 Cheers!.. Thanks for checking in…
Isi
Isi Wu
Serving Clients All Over the Eastbay…

Hellooooo My Beautiful Wonderful Bay Area!!…  Happy Day to You!!… You may or may not have heard… but its Happy Hallelujah Day for all First Time Homebuyers who have ratified contracts in place as of  April 30, 2010!!… As of last nite the Senate passed the bill and the House of Representatives passed the same bill earlier this week to EXTEND the closing deadline for Homebuyer Tax Credit Eligibility from June 30, 2010 to the new date of September 30, 2010… The bill now goes to the President for his signature..
To be clear… the extension applies only to transactions with ratified contracts by April 30, 2010 that have not yet closed?  (Nearly 180,000 homebuyers would have missed out on the tax credit had Congress not taken action to extend the deadline to close escrow… Estimates from the National Association of Realtors show as many as 17,700 home buyers in California would not have received the tax credit without this extension…)
Will keep you posted… Thanks for checking in…
Cheers Everyone!…
Isi
Isi Wu… the realtor for you…
Serving Clients All Over the Eastbay!
 
Related articles …

Congress extends closing deadline for home buyer tax credit  sfgate.com)
Home buyers must scramble to claim federal tax credit  sfgate.com)
House votes to extend homebuyer credit 3 months  seattletimes.nwsource.com)
Rush on to meet tax credit deadline  lansner.ocregister.com)

 
Hello My Beautiful Wonderful Bay Area!!   Happy Sunday to you…  Summer is here, the sun is out, the days are longer, the kids are out of school, lots of great activities swirling all around our Beautiful Bay Area… and the nagging question remains… just what are you going to do with that old frig… its old and ugly, but still works but its costing you up to $100 or more a year for electricity… what to do… what to do… there’s plenty of folks not happy with PG&E’s  “smart meter“.. in fact there’s quite an uproar going on currently about the effectiveness of this program… I’m sure it will get ironed out in some way in the not too distant future… HOWEVER…  did you know PG&E has an “appliance recycling program”?…  They will actually come and pick up your old refrigerator for FREE, Recycle it and PAY YOU $35.00… if you recycle an old air conditioner at the same time you’ll receive an extra $25.00…  Find out more and Schedule a Pick Up at…
http://bit.ly/c8jIjy
Sounds like this will not only help you,  but help the environment and help someone else as well… whats not to like??… Go ahead be kind and nice… Make Someone’s Day… share this info with your family, friends and neighbors…
Happy Sunday & Cheers Everyone…
Thanks for checking in…
Isi
Isi Wu… the realtor for you
Serving Clients All Over the Eastbay!
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PG&E customer refuses to take smart meter, locks up old meter  sfgate.com)
San Francisco public power plan hits snag  sfgate.com)
Calif. utility giant under fire for ’smart meters’  seattletimes.nwsource.com)

Image via Wikipedia

 
Greetings My Wonderful Beautiful Bay Area!!…  Today I want to revisit what can happen to you if you enter into a Short Sale or if the Bank Forecloses on your property and sells it.
There is NO FREE LUNCH when it comes to the IRS… whenever your home is sold… whether by regular conventional means or if you sold your home at a loss and you paid the difference or by short sale approved by the Bank or involuntarily by foreclosure… be warned you may be subject to taxes!
It doesn’t seem fair and what’s worse… you may not even find out that you owe taxes until the day you open your mail and find a 1099.
The IRS has tax rules for foreclosures or repossessions by lenders of homes belonging to owners who have fallen behind on their mortgage payments.  There can be severe and unexpected tax consequences for any owner who simply walks away just because he or she has little or no equity and the lender takes over and sells the property.  When a mortgaged property is foreclosed or repossessed and the bank re-acquires it or the bank knows the owner abandoned the property… the bank will send Form 1099 to the owner and the IRS… it will include the foreclosed bid price, the actual debt (loan) amount and the amount short of the debt amount… that amount will be taxed as ordinary income… the same as for your salary.
Sellers of residences acquired within the past two years or so are going to incur losses.  Even assuming no price declines, losses will result because of expenses for real estate brokers, lawyers and the like.  Sellers will not be able to deduct those losses… it makes no difference that they are forced to sell because of ie)… job changes or health reasons.
**  There’s also information floating around that Banks where distressed properties have overtaken the area in certain markets…are taking steps where even after they approve and close a property for short sale… they will be actively tracking the owner of that short saled property over the next 6 years… during that time if their credit rating goes up and if they attempt to purchase another home they will be pursuing them for the  “short amount” they lost when they approved that person’s short sale 6 years prior… This bit of information is not fact – as of yet here in California… yet people… Everyone please do everything you can to protect yourselves BEFORE A FORECLOSURE OR SELLING… PLAN AHEAD… especially before attempting to sell on a short sale or going through a foreclosure… please get legal and tax advice… do the planning BEFORE ITS TOO LATE!!…
Thanks for checking in…
Isi
Isi Wu… the realtor for you
Serving Clients All Over the Eastbay!
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Frequently Asked Questions on Short Sales answered by my Short Sale partner IFR  visionaryrealtynews.com)
75% of modified home loans will redefault  money.cnn.com)

What is APR, why it is different from the interest rate that my loan agent/bank representative disclosed to me?
Almost all the time APR is higher than the actual interest rate that the loan agent quote you.  APR is actually a sophisticated jargon that the Bank wants to intimidate/scare you?  Just joking.
Let me demonstrate how APR comes up and you will understand.
If I say I loan you $100 and you pay 5% interest so your interest payment is $5
But what if you pay $5 interest but I am giving you $90 because $10 is your closing cost, then now your interest rate will be: 90 divided by 5 x 100% = 5.5%
This is exactly how the bank calculate your APR.  But then you say I even pay points to lower my interest rate and how come my APR is even higher?  It is because then your closing cost is higher.  Instead of $10 closing cost, maybe now you are paying $20 closing cost so your interest rate is still 5% but your APR will be 6.25%.
Thank you for checking in.  I am a real estate agent specialized in San Francisco and Peninsular area and will be happy to help you buy or sell your house.

Last week I made use of free family pass again to go to Cartoon Arts Museum which is located at Mission and 2nd Street.  The standard charge for adult is $8 and for kid is $6.  It shows a good cartoon history and have a good deal of collection.  However, there is nothing hands on and not really too fascinating for the young kids.
However, it is free.  So have you tried yet?  If you live in San Francisco, go to any public library and see what is still available for the free activity that you can enjoy with your family within this week.
Go to http://www.sfkids.org/checkoutSF for detailed information.
Thank you for checking in with my blog.
I am a real estate agent who specified in San Francisco and Peninsular area.  I would like to share as much as I can all the interesting local information with you.

Recently  I checked into the San Francisco public library and got a free family pass to enjoy an one hour boat ride to sail along the City’s waterfront.  It was spectacular to cross under the Golden Gate Bridge with my family.  The cool part is it is absolutely free and the pass would have cost $70.
Here is the deal:
Visit any San Francisco Public Library
Choose a Participating Attraction
Use your San Francisco Public Library Card to check out a Family Pass
Confirm the days and hours the selected Participating Attraction is open
Take the Family Pass to the Participating Attraction
Enjoy free entrance for 1 to 2 adults accompanied by 1 to 4 children
Program Valid through December 31, 2010
To check the availability of pass and participant attractions, please go to:
http://www.sfkids.org/content.aspx?id=12432
Important things to remember, each family can only get one pass per week and each library only carries one of each of the above attractions and it is of course on a first come first serve purpose.
So hurry and enjoy your free trip once a week with the whole family.

In case you are thinking of what you want to send your girlfriends/ motherfriends
you may like to send this one.  I recieved this one from my friend and I think it is amazing.  Please click onto “rising mother of the year” to see.
rising mother of the year

When I received the notice to appear for jury duty, I would say why me again, why not strike the lotter but the jury?  Fortunately, not all U.S. citizen react like me and some, in fact, welcome jury duty.
As a self-employed person like myself, I would not get any compensation from my boss?  I am my own boss!!!  That may explain one reason why I do not welcome to serve my jury duty.  However, today, I attended my annual jury duty.  ( I mean annually because I never miss one in any one year.)  I roughly counted and do a quick statistic about the attendees. In total, there are roughly 140 attendants, only 14% of paid employees ( I do this by observation that only 2 persons in a 14 persons roll asked for jury duty excuse paper to be submitted to their bosses) and another 14% are seniors (also by judging from their outlook).  So the rest of attendees are either self-employed or unemployed.
Lucky enough, I was allocated to the courtroom right away with about 69 others.  Another 31 attendees out of this 70 were selected randomly into the panel for further questioning about their suitability to be the jury.  The judge read out the case, introduce the prosecutor, the defendant, and the defendant’s attorney.  Also all names related to the case were read and any attendants who claimed to be related to these people would be excused.
This was a criminal case and no matter what when the case had not be finalized, we swore that we would not discuss it.  But this case will be ended in one week and it was a small case “a car was broken in and the owner claimed to lose$400, nobody was injured and the suspect was caught”.
When the group in the panel was questioned about their previous experience of vandalism, 10 out of the 30 had and some of them had been vandalized more than one time but still claimed that they would not be biased by their previous experience.  Do you think so??  If I were them and I had time, I would say the same thing too because I wanted to help to put justice to the victims including myself.  However, when I was later chosen, I declared myself not able to be fair and would be biased by my beliefs.  I believe the police had made great efforts to catch the suspect and provide proof, I would drop dead if the suspect was proved innocent no matter what.  In that sense, I will not be a fair judge.  I have preoccupied idea already.
To guard democracy and fairness, the government spends thousands of dollars trying their best to provide fair judge.  Some people think that is a waste of public money, some not.  What do you think?
By the time I posted this article, it had been one month from my jury duty date and should not be interfering with the court decision.

Have you ever forgot familiar words or names or the location of keys, eyeglasses or other everyday objects?  According to the Seven Stages of Alzheimer’s Disease from www.alz.org, the Alzheimer’s Association, this is the typlical symptom of the Second stage of Alzheimer.
Recently I have read a book “Jan’s Story” by Barry Petersen.  Barry’s wife has an early onset of Alzheimer at age 55.  But during the early stages. Barry had not taken the opportunity to go to places where they always wanted  to go, do things that they had longed to do because Barry thought he still have “time”.  However, Alzheimer’s disease really do not have a timeline and full of unknown, the disease can progress suddenly without any warning.  Barry regretted a lot but who does not.  I guess regarding this, Barry is not alone.  We always put up things that we think we still have time, aren’t we?
There is also another debatable issue that despite Barry and Jan had married for 20 years and love each others ever since, Barry was encouraged to look for a new partner, another sole mate.  This would be extremely difficult if Barry was in the Chinese society.  Traditional Chinese values eternal love and that eternal love means loyalty.  Barry should not physically depart his wife not mentioning mentally.  Barry also spells out clearly the meaning of marriage that is there is love between husband and wife and they take care each others, be each other’s soulmate.   This is a pretty high standard to uphold and  I think at least 50% of married couples had not reached.  Many couples are together out of needs but not out of love.   At least this is true to one of my friends’. 
What is your opinion regarding this?  If you have time, I would recommend you to read this book Jan’s Story by Barry Petersen which will come out in June 15, 2010.  (The one I read is Advance Reader’s Edition , meaning not finalized in editing and I bought it from the   Main Library in San Francisco.)

REO  is the short form for Real Estate Owned.  The real meaning is the lenders, usually the banks, have taken over the properties and are actually owners of the properties.  When the properties put up to the market for sale, the lenders/banks had already come up to an agree upon for sale price so usually if the buyers offer the asking price, it will be approved.  However, some lenders/banks will still listen to the sale experts marketing strategy, i.e. to ask for a ridiculously low price to encourage strong competition and thus beat up the sold price.  Anyway, the buyers involved usually can close the escrow within a reasonable time like a normal sale.
Short Sale means even after the sold price of the property is still too short to pay the mortgage.  In this case, the individuals are still owners of the properties and not the lenders.  However, since the homeowners cannot bring additional money to pay back to the bank/lenders, the sold price has to be approved by the lenders.  Since in this case, it is the homeowners who initiated to sell the property to avoid foreclosure, the lenders/banks involved had not yet came up to an agreed upon price prior to the property put for sale in the market, every offer has to be reviewed by the lenders/banks involved.  Thus it usually takes a much longer time for closing.

Tina, although she was a rabel as a teenager, she actually is quite traditional.  She gives me a new angle of looking at parent-children relationship.  I totally agree with her that when our children uplive our hopes and will, we would proudly say, they are my sons/daughters.  But when they walk some weird path (at least from the parent’s point of view), she would call her child – friend.
Do you have a friend or have a son or a daughter?
When Tina’s only daughter told her mother she wanted to change into the male, Tina just asked her daughter to do more researches and discussed with her later.  Tina, is quite traditional in this area.  She considered changing sex was against the nature.  However, she compromised with her daughter’s decision.  And her daughter became her “friend”.
Parents:  Have you ever noticed the way you say “your” or “my” when you addressed your son/daughter with your spouse?  Let me give you an example.  When my son did something wrong, I would subconsciously, told my husband, “go get YOUR son”.  But when my son showed me his report cards with all As, I would say, “come, look at MY son’s results.”
How many of you are like me?  Picture below is My son and Your son.