Here’s a Thot…

HELLLLOOOOO My Wonderful ~ Rainy Sunday ~ Beeeeeuuutiful Bay Area!…

“Every path has a few puddles…”

Enjoy Your Day!…


Have a question regarding your home?

The Question Is What Is the Question?


HELLLLOOOO My Wonderful Beeeeuuutiful Bay Area!!… How are you doing today?… I mean it… I want to know how you’re doing!… I was thinking about you and pondering on what I should post today… something fun, something interesting, something specific to real estate, what should I post??… I realize just about anything you might want to know can be found easily on this thing we’ve all come to rely on… the internet – google – yahoo and everything else available to us… just couldnt decide on a topic… my goal is to inform and enlighten you,  perhaps resulting in a  conversation with you via blog, email, phone or even text… what a great concept!!… so today my question to you is… Do you have a question regarding your home?… I’ll be pleased to give you a response… email me at or call/text  me at 925.997.2426 or go ahead and post your question here!  Would love to hear from you… Cheers!… Isi

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In Trouble?… Dont Pay Upfront!

HELLLOOOO My Beautiful Wonderful Bay Area!…. My Nugget for the Day…It’s important homeowners facing foreclosure… know they should never pay fees in advance to anyone promising to lower their monthly payment or any other service. In fact, “there are usually no costs associated with modifying a loan.”

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Most Recent Real Estate Factoids…


HELLLLOOOOO MY WONDERFUL BEAUTIFUL BAY AREA!!… Have I told you lately how much I appreciate living and working in this awesome area we call the San Francisco Bay Area?… Having resided in other parts of  this US of A… sorry cant help it… we are blessed we are truly blessed to call this area HOME!!….

At a recent training I learned more real estate related factoids...(we can never get enough factoids… correct??… )  in the state of California there are…

  • 6.8 million Mortgages
  • 2.04 million Homes Underwater
  • 435,000 Delinquent Mortgages
  • 183,600 in Foreclosure
  • 75,000 Bank Owned
  • 18,000 Distressed

Do you fit into any of these categories?… let me hear your story… let me try and help you… WE ARE ABSOLUTELY THE LAND OF 2ND CHANCES… with rules changing every day there are No Rigid Rules!! Nothing is written in stone… I’m happy to hear your story… lets work together to get things straightened out…

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Know a Veteran in Danger of Becoming Homeless?


English: Homeless Woman Iraqi War Veteran in W...

English: Homeless Woman Iraqi War Veteran in Wheelchair and her Chihuahua, at San Diego Stand Down. Photograph by Patty Mooney of San Diego, California, 2007 (Photo credit: Wikipedia)

HELLOOOOO My Beautiful Wonderful Bay Area!!…  Lets thank all our veterans for their service and help them keep their homes… if you know any veterans in danger of losing their homes please Pass this Information Along…
Written by: 

Housing vouchers known as HUD-VASH can help veterans resolve their housing situation if they are in danger of becoming homeless.

HUD and the Department of Veterans Affairs (VA) are working together to provide the fastest and most complete service possible to those who served our country who now need housing assistance.

The first step is to locate the VA center closest to you, register, and explain your circumstances. If you are a low-income veteran, the VA will refer you to the local housing authority nearest you that received HUD VASH vouchers. These are housing vouchers funded by HUD, coordinated by the VA and administered by local housing agencies that allow you to live in the place of your choice.

The basic eligibility requirements are determined initially by the VA, as the veteran must be eligible for medical services from the organization and his or her economic situation should be classified under the definition of homeless as defined by law. Read all the details here.

The person must participate actively in obtaining services to help to stabilize his or her situation. A requirement for participation is to accept the assistance of a social worker to help with handling your case, whether that is related to physical or mental disabilities. The most vulnerable veterans are ideal candidates for this program.

The next step is to contact the housing authority, which determines whether your income level is right for the program and establishes that the veteran and immediate family living with him (or her) are not sex offenders, which automatically disqualifies the person.

Once the eligibility process is determined, the veteran receives a list of homes whose owners are interested in renting to people with housing vouchers, or the veteran can select the property he or she wants, provided the owner agrees to receive payment for the rent on a contract with the housing authority and the tenant. The property must pass inspection to verify that it is habitable and sanitary housing. The next step: move!

If you need help, do not wait. Call the National Center for Homeless Veterans Assistance at 1-877-424-3838.


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Your Own Real Estate…


HELLLLOOOO… Good Day to All My Wonderful Beautiful Bay Area!!… Real Estate will always be in our lives… no matter how you look at it… we all have something to do with real estate…  we all need it, use it and live in it everyday… so why not strive to make it something you can call your own??… I’d like to be first in line to apply for the job of helping you get there…  I am proud to submit as part of my qualifications the following… (please also refer to my testimonial page for your consideration…)

“I have been a realtor in Northern Arizona for the past 25 years.  When my daughter told me that she was thinking about buying a home in the Bay Area, the first thing I said to her was “Find a good realtor. One that you like and can work with and someone who has lots of experience and knows the market. ” She did just that when she found Isi Wu.  Isi was the perfect realtor for her. She found her a loft that she absolutely loves (one that she might never have found on her own) and that she could afford.  Isi negotiated a great price and took care of  all the details all along the way right up to closing.  She also found a mortgage broker who worked long and hard to get the financing done and closed the loan even before the close of escrow date.  For a first time home buyer, Isi’s expertise and professionalism were invaluable. 

Cheryl K


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A Q and A…

View of downtown Oakland looking west across L...

Image via Wikipedia


HELLOOOOOO…. MY Wonderful, Beautiful, Wet and Cold Bay Area!!… Today we have a Q and A for you… check it out… (Send me your questions anytime…)

QUESTION… In today’s environment (February 2011) can one purchase a home with 10% down, credit score of 740, $200,000 income and a short sale in 2009?

Asked by Donsfan – Home Buyer in Oakland – Home Buying

ANSWER… Hello… As you must know the current market is not exactly a wonderful one to be in… one would think its very much to the advantage of the buyers to be able to buy lower than ever before… because of all the challenges in the lending process these days and because of all of its ever changing requirements it can be a huge headache to maneuver through… I suggest that you connect up with a realtor who has some years of experience to counsel and guide you through what can and cannot be done… Good Luck to you… Isi

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Watch Out for the Flipper’s House!!

HELLLLOOOOOO My Beautiful, Wonderful Bay Area!!… Its a gorgeous day today…  hope you’re out there enjoying it!… Wanted to share some food for thought for all you 

First Time Home Buyers out there…  

First Time Home Buyers – so excited, filled with anticipation and hope for the future… the first homes you see may well be foreclosed properties – terrible carpeting, damaged walls, missing items, various aromas inside the house… the excitement and hope may begin to fade…

All of a sudden your dream home appears!!… Brand new kitchen, remodeled bathrooms, new paint, new flooring, new windows… its perfect!!… It’s the only one you want… no way will you consider those awful foreclosed/distressed homes!… its too good to be true!!…

Your Realtor informs you it’s a “Flip”…  what the heck is a “Flip” you ask?… A flip is a property purchased by an investor at a discounted price, either on the courthouse steps or some other means… the investor “Flipper” will usually send in a crew to upgrade and improve the home before putting it back on the market for a profit.  The upgrades usually include new paint, new flooring, new kitchen cabinets, new counters, new appliances, new dual pane windows, new hot water heater, a new roof and more…

The drawback is… permits are required for many of the upgrades, and in many cases the “Flippers” don’t bother.

Whenever improvements are made without the necessary permits its creates a real problem. Permits are required for almost every kind of home improvement.

When a buyer purchases a home without the required permits, they become liable for bringing the home to compliance.  This is the problem… time is money, to make a profit “Flippers” must get the home improved and back on the market asap.  Obtaining permits can take more time and delays and more money.

Since the “flippers” buy properties “as is” they inherit the pre-existing improvements – many without permits.  They really should get these properties into compliance with the local building departments BEFORE doing anymore additional work and re-selling.  Its safe to say this isn’t happening in most cases.

In Summary…

The Good?  Flippers are upgrading homes and improving neighborhoods.

The Bad? Shortcuts. Buyers should check city records for permits… None? Ask the seller to provide them.

The Ugly?  Not all flippers do good work. Some just paint over issues and hide problems to turn a quick profit. There’s no guarantee all improvements were installed properly and safely.

Make sure you get a proper home inspection so you know what you’re getting into. BUYER BEWARE!..

Thanks for checking in!! Your comments are always welcome…


Isi Wu… the realtor for you…
the right agent makes all the difference

Serving Clients All Over the Eastbay…

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More on the Foreclosure Situation… A Mortgage Consultant’s View…

Helllooooo My Wonderful Beautiful Bay Area!!…

Today… we have an extension of  my posting on Tuesday October 12… Foreclosures Halting… Now What??!!!…

The breadth and ultimate effects of  this latest Foreclosure Issue may not be realized anytime soon, while we wait for more solid information to come down the pipeline etc… I thought you’d like to hear  from a trusted very experienced loan consultant and good  friend of mine, who was kind enough to share his personal perspective on the Foreclosure Situation…

(The content below is not be construed to be anything more than his own personal opinion)…


Hi Isi,

My personal belief is that lenders have been very patient with homeowners and to add this extra burden to already stretched banks and lending entities is simply suicidal for our economy.  Homeowners that are behind know very well they will lose their home.  Just like you and I know that on a clear day, the sky is blue.  Banks need to be able to move on their assets and eventually be solvent again.  Banks are not our adversaries.  Heavy and costly government along with the heavy and costly regulation that comes with it, is the problem. 

My business is so laden with regulation now that the average applicant is paying a higher rate and more fees to obtain the same product and the new regulations have done very little to enlighten the consumer to what they are getting.  Sadly, the only benefit the consumer has received is the privilege of paying more for the same product.

 On a different subject.  The economy starts with the consumer ( you and I and our neighbor) – not with business as these administrations keep pushing.  If the consumer has money at the end of the month and is not worried about the future and heavy inevitable taxes, then the consumer will spend which then leads to demand for services and products.  Hence employment.   The only way the consumer is going to have money to spend and feel good about the future is heavy federal and state tax cuts along with heavy government spending cuts.  If I had an extra $10,000.00 at the end of the year and I see a government heavily cutting back and behaving fiscally responsible, I might just purchase that couch we need or maybe I will get a new car.  Multiply this spending by millions and hence demand will jump, businesses will see this demand and expand hiring people and the future would be bright.

This government is poised to spend and unless you are willing to cut government way back it is useless talking about tax cuts.  So vote them out and replace them with leaders who tremble at the thought of big government and spending.  In order to prosper, government must be squeezed, regulation must be loosed, and tax burdens must be lifted.  There is no other formula for a great and prosperous America. 

 Hope this helps. 

Tom Erbil
Mortgage Broker – DRE License# 00934494

Stay tuned in and check back for more updates as they become available…


Isi Wu… the realtor for you!

Serving Clients All Over the Eastbay and Beyond…

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Foreclosures Halting… Now What??!!!@#$%^&*

Half million dollar house in Salinas, Californ...

Image via Wikipedia


HELLLLLOOOO My Wonderful – Beautiful Bay Area… The news is out… A number of major banks have volunteered to temporarily suspend foreclosures in 23 states and Bank of America is temporarily suspending foreclosures nationwide…

This situation is changing daily… this is just part of what we know so far… so far only Bank of America has extended its foreclosure moratorium to California, where the vast majority of foreclosures are conducted without a court order… the other 22 states are processed through the court system.  However non-judicial foreclosures in California do have legal requirements that lenders must follow… Other lenders and servicers placing foreclosure moratoriums are… Goldman Sachs Group Inc’s Litton Loan Servicing, Ally Financial Inc‘s GMAC Mortgage unit, JPMorgan Chase and PNC Financial… please keep in mind they are only Temporarily halting the foreclosure process until they have reviewed whether some lenders/servicers were following correct procedures prior to foreclosing on properties.  This is all taking place voluntarily there has not been any mandates by either State or Federal entities. The bigger question is… just how long will it really take to straighten this mess up??!!!

The immediate impact of this moratorium on your transactions may cause delays and may even remove the listed foreclosures.

Lets all hope these latest events will be resolved swiftly to minimize the impact on our housing market in the Bay Area!

Stay tuned in and check back for updates as they become available…


Isi Wu… the realtor for you

Serving Clients All Over the Eastbay!

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