Showing this Saturday and Sunday. Contact kathy@parcbay.com or 415-370-3776 for private tour. Address: 338 Spear Street #27, San Francisco, CA

Ready for immediate move-in. Approx 1323 sq ft | 2 bedrooms 2 baths plus den. Stunning Waterviews Corner Unit. Exceptional amenities offers by THE INFINITY.

Posted by: PARC BAY RENTALS | Luxury Leasing Agent in South Beach | SOMA | Mission Bay

New Rental Annoucement:Luxury 2 bedrooms 2 baths plus den approx 1318 sq ft

BRAND NEW at 338 Spear Street, San Francisco (aka Infinity Tower II). Ready for move-in. $5800 per month with 1 parking. High floor with private deck.

Sorry no pets.

To schedule showing, please email Agent kathy@parcbay.com 415-370-3776 Private appt only.

Fully Remodeled Prestigious Palo Alto Single Family Home

887 Warren Way, Palo Alto, CA
Spacious living with approximate 2700. Flat large lot approximate 7000 sq ft.

5 bedrooms plus 3 baths. 2 levels. Large detached two car side by side garage.

$5000 a month

If you are interested, please email kathy@parcbay.com (or call/text 415-370-3776) to schedule showing.

The kitchen is equipped with granite countertops, Thermador refrigerator and stainless appliances.

What’s nearby :

* 0.5 Miles to Safeway
* 0.6 Miles to Palo Alto City Library
* Top rated Palo Alto Unified School District (Palo Alto High)
* Close to Seale & Greer Park
* Close to stanford shopping center
* Easy Access to 101 & Orgeon Express Way

Modern & Sleek Exclusive Rental Available at 338 Spear Street San Francisco. The Infinity building offers exceptional amenities such as indoor swimming pool, residence theater, security, spa rooms and 5000 sq ft gym. To see virtual tour, please visit www.parcbay.com
To schedule private tour or to join this weekend showings, please email kathy@parcbay.com 415-370-3776. We look forwarding to seeing you!

Perfect for 6 months rentals in the heart of South Beach! One parking is included.

Parc Bay Real Estate is now featured as TheNest.com’s local real estate resource! TheNest.com, a subsidiary of TheKnot.com, is the top visited wedding website in the United States full of resources forthe hip and married couple. To contact Kathy, you can email kathy@parcbay.com.

Parc Bay has helped many newlyweds start their lives together and find that special place they can call home. Whether it’s finding the perfect place to rent or purchase, or even selling a pre-wedding home, we will help you prioritize and eliminate frustration when it comes to leasing and purchasing real estate in the San Francisco Bay Area.

Buying a home is a big commitment and can be as emotional as planning a wedding. Our agents will guide you through the process and help you find your perfect home with our signature hassle-free customer service. Newlyweds may also be eligible for closing cost credits toward the home inspection, appraisal fee, or buy down points. For a FREE Consultation, email thenest@parcbay.com.

New Exclusive Rental! Address: 301 Main Street, 20H, San Francisco, CA $3999 per month (includes 1 parking)

Stunning city views with private patio located in the heart of San Francisco – South Beach area. This luxury building (“THE INFINITY”) offers exceptional amenities such as “Swimming Pool, 5000 sq ft gym, business center, private residence theater and much more.

This unit is approx. 1193 sq ft with 2 bedrooms and 2 full baths. Both rooms has city views. Carpeted bedroom, beautiful wood flooring, granite countertop and stainless steel (high end) appliances.

To set private appointment, email kathy@parcbay.com Luxury Rentals Specialist in SOMA/SOUTH BEACH/MISSION BAY | http://rentals.parcbay.com

We look forward to seeing you.

Exclusive rental annoucement: A View to Die For!

This rarely available high ceiling Penthouse unit (37th floor) is located in one of San Francisco’s hottest building THE INFINITY. This unit has apprx 1300 sq ft with 2 BR 2 BA. Private wrapped around stunning deck with amazing water and city views. Private appt only. Address: 301 Main Street.

To schedule private appt or to inquire more details, please email kathy@parcbay.com - Luxury Leasing Broker | Kathy Chan Parc Bay Real Estate

To sign up for our private first time homebuyers’ consultation, please email kathy@parcbay.com or call 415-370-3776. You will learn about how to qualify for a loan, how much can you afford, and the common terminology that are being used in Real Estate.

To review Kathy’s credential, plesae visit http://www.parcbay.com/ouragents.php

Beautiful courtyard facing with direct sunlight located at luxury building – THE INFINITY. Unit is brand new with top of the line appliances. In unit washer and dryer. Marble bathroom. Extra DEN area for office or library. Approx. 811 sq ft. Very spacious with LARGE walk in closet.

SPECIAL $2450 per month with 1 parking if lease starts by August 1st. otherwise $2550.

Address: 318 Spear Street, San Franciso, CA 94105

To schedule private tour, please txt 415-370-3776 or email kathy@parcbay.com

This tastefully FURNISHED remodeled condo is located at the Parc Telegraph building – luxurious North Waterfront area which is within walking distance to Fisherman’s’ Wharf, Coit Tower, The Embarcadero, Ferry building, Financial district and many fine restaurants.

Address: 240 Lombard Street, San Francisco, CA 94111

$2200 per month with 1 parking (Approx 600 sq ft). Washer/dryer on site (FREE)

To schedule private appt or if any questions, please email kathy@parcbay.com or 415-370-3776

FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.

The loans can’t be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday morning.

Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent downpayment.

There remain many sources of assistance for buyers needing help with the 3.5 percent downpayment, including many state and local government instrumentalities and nonprofit lenders.

In addition, some state housing finance agencies have developed their own tax credit bridge loan programs, so buyers in states whose HFAs offer such programs can monetize the tax credit upfront to cover all or part of their downpayment. These programs are separate from what HUD announced today.

The first-time homebuyer tax credit was enacted last year–and improved upon earlier this year–to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit is worth up to $8,000 and is available to households that haven’t owned a home in at least three years. The credit does not have to be repaid, and is fully reimbursable, so households can get their credit returned to them in the form of a payment.

Learn more about the credit, including how to apply for it this year even if you’ve already filed your taxes, at REALTOR.org.

Source: Robert Freedman, REALTOR® Magazine Online

posted by: Kathy Chan | Real Estate Broker

We are proud to present you to a wonderful 1 BR at THE BEACON. This homes offer approximately 750 sq ft of living space, a large walk in closet and a very large bath. This exceptional building is located on a commuter friendly “King Street – SOMA/Mission Bay areas”. Within walking distance to CalTrain Station, Safeway, Mizu Spa, Starbucks, Borders and much more.  To schedule showing, please email kathy@parcbay.com or txt 415-370-3776 if any Qs.

The Beacon amenities are: Swimming Pool, Conceige, Jacuzzi and Security

Address: 250 King Street, 7th floor, facing Ball-Park. $2400 per month with 1 parking.

Exclusive San Francisco Rental Inventory Updates:

1 BR 1 BA ~750 sq ft, 250 King Street, THE BEACON for $2500 with 1 parking (PRICE REDUCED!)

2 BR 2 BA ~1310 sq ft, 425 1st Street, ONE RINCON HILL for $3500 with 1 parking (addl pkg for $150 only)

1 BR 1.5 BA ~1200 sq ft, 77 Dow Place (cross street 2nd), THE HAWTHORNE PLACE, $2700 with 1 parking (GRAND TOUR on SUNDAY 7/12)

1 BR, 1.5 BA ~ 1600 sq ft (VERY SPACIOUS), 18 Lansing (cross street 1st), Bi-Level High Ceiling LOFT, $3000 with 1 parking (READY for Immediately move-in)

What’s coming up: 1 BR at ONE RINCON HILL, 1 BR at THE METROPOLITAN

If interested in any of the units, please email kathy@parcbay.com

Modern 1 bedroom and 1 bath located at 250 King Street (THE BEACON). Beautiful kitchen with liked new appliances. Unit is quiet and chic. Located on the 7th floor, facing AT&T Ball Park.

$2500 per month with 1 parking (approx 750 sq ft)

Building amenities:

• Concierge
• Outdoor Large Pool
• Gym & Residence Lounge
• Dry Cleaning pick up/drop off

Surroundings

• Caltrain station
• MUNI (N & T Line)
• Safeway & Starbucks (5 minutes)
• Easy Access to Freeway (280/101 on ramp – 5 minutes)

To schedule private appt, please email kathy@Parcbay.com

Modern & Chic one bedroom at The Infinity Tower II. First opening this Friday. Unit is approximately 730 sq ft with open kitchen floor plan, nice wood flooring and peaceful courtyard views. Unit is located on the 6th floor. BRAND NEW. One assigned parking is included. $2500 per month. To schedule viewing, please contact kathy@parcbay.com or text 415-370-3776 if any questions. For more details, visit http://rentals.parcbay.com

(Sorry no pets allowed)

First-time home buyers wanting to take advantage of the state’s $10,000 tax credit may have less time than originally expected.  California set aside $100 million to help home buyers purchase newly built homes, hoping to jump start the residential-construction market.  According to state officials, the tactic has worked well and is helping to entice home buyers into the market.  However, there only is approximately 20 percent of the program’s funding remaining.

The program launched in March, and as of June 3 nearly $24 million in tax credit certificates already had been issued, according to the state’s Franchise Tax Board, leaving nearly $76 million in credit available.  Many applications still are in the pipeline awaiting approval.  If all of the submitted applications are approved, only $17.5 million would remain in the fund.  

The California state legislature is considering adding another $200 million to the program.  However, securing approval may be difficult due to the state’s estimated $24 billion budget deficit.  A bill to extend the program already has won Assembly approval and now is awaiting activity in the state Senate.

To view full story, click here to visit Money CNN.

Waterviews home in every room. Approximately 1301 sq ft. Beautiful hardwood floor and marble bathroom. $3500 per month with 1 parking. Additional parking can be arranged. To view the unit, please email kathy@parcbay.com

About One Rincon Hill Amenities:

• Outdoor pool
• BBQ Area
• Gym
• Conference Room
• Club Lounge

Address: 425 1st Street, San Francisco, CA 94105

Housing Stimulus Law Update
C.A.R.’s Legal Department has released a new legal article, Housing Stimulus Laws for 2009, to help brokers, managers and their agents understand the recent laws enacted by federal and California lawmakers.  This legal article addresses the $787 billion economic stimulus bill, the federal Making Home Affordable Program, and new California housing stimulus laws.

Here are some of the highlights of C.A.R.’s Housing Stimulus Laws for 2009:

• Eligibility requirements for the $8,000 first-time homebuyer tax credit.
• Details of the $275 billion Making Home Affordable Program, which includes refinances up to 105% of current value and government subsidized loan modifications.
• Monetary incentives of $500 for participating loan servicers and $1,500 for borrowers for doing short sales under the Making Home Affordable Program (see Question 57).
• Guidelines for the $10,000 new home tax credit under California law.
• Explanation of the new 90-day extension to the foreclosure process for lenders without comprehensive loan modification programs.

Source: CAR’s legal.

This week, President Barack Obama signed into law the Helping Families Save Their Homes Act of 2009 to help homeowners and lenders avoid foreclosure.  Previously included in this bill was a measure to allow bankruptcy judges to modify mortgage loans for principal residences, but the U.S. Senate did not pass this “cram-down” legislation.

The Helping Families Save Their Homes Act of 2009 contains various new laws to address the national foreclosure crisis.  Major provisions that may affect California REALTORS® and your clients include the following:

• HOPE FOR HOMEOWNERS (H4H) REVAMPED: The new law loosens the H4H program requirements to help homeowners refinance out of their troubled mortgages and into more affordable, fixed-rate FHA-insured loans.  Originally launched in October 2008, the H4H program intended to help 400,000 distressed homeowners, but in the program’s first seven months, it only helped one family stay in its home.  The maximum loan-to-value ratio for an FHA refinance is 96.5% of the appraised value.  If refinance proceeds are insufficient to pay off existing liens, the existing lienholders must voluntarily agree to a short payoff, but a new inducement is an opportunity for them to share in the homeowner’s equity.  Other changes to the H4H program include monetary incentives for both the participating servicers of the existing loans and originators of the FHA refinance.  Millionaire borrowers (with net worth over $1 million) are now excluded from the program.  HUD will establish the requirements and standards to implement the H4H program as revised.
• LONGER STAY FOR TENANTS OF FORECLOSED HOMES: Effective immediately, an REO lender or buyer who acquires title through a foreclosure sale must give at least a 90-day notice to terminate a bona fide tenant as defined.  A 90-day notice to terminate is sufficient for a month-to-month tenant or if a new owner will occupy the property as a primary residence at the end of the 90 days.  Otherwise, a tenant with a one year or other fixed-term lease with a remaining lease term exceeding 90 days can stay in the premises until the remaining lease term ends.  This new 90-day notice requirement applies to foreclosures of a federally-related mortgage loan or residential real property, except for properties under rent control, rent-subsidized programs (such as Section 8), or other state laws that provide additional protections for tenants.  This law expires on December 31, 2012.
• NOTIFICATION OF TRANSFER OF MORTGAGE LOANS: The Truth in Lending Act now requires a lender to whom a mortgage loan is sold or otherwise transferred to notify the borrower in writing of such transfer within 30 days.  The notice must include the new lender’s identity, address, telephone number, authorized representative’s contact information, and other relevant information.  This measure should help alleviate the problem borrowers often face in determining who owns their mortgage loans.

Other provisions of the Helping Families Save Their Homes Act include a 4-year extension of the $250,000 FDIC deposit insurance to December 31, 2013, protection for loan servicers who establish qualified loss mitigation plans from liability for an alleged breach of duty to maximize mortgage values for their investors, $130 million for foreclosure prevention counseling and education, and $2.2 billion to strengthen homeless programs.

President Obama has also signed into law the Fraud Enforcement and Recovery Act (FERA) which authorizes the Department of Justice to prosecute mortgage fraud crimes against private mortgage brokers and companies that previously were not regulated by the federal government.  FERA also earmarks almost $500 million for federal enforcement agencies to investigate and prosecute mortgage fraud and other fraud crimes.

Source:  Realegal® is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 175,000 REALTORS® statewide.

Brand New luxury rental located in a new signature building in San Francisco skyline - One Rincon Hill! This spacious unit offers approx. 1301 sq ft with 2 BA 2 BR. Granite and marble finishes, hardwood floor throughout, corner unit, in-unit washer and dryer, water and bay bridge views. To schedule showing, please email kathy@ParcBay.com or 415-370-3776. For more info, please visit: http://rentals.parcbay.com

Parc Bay recognizes and values the benefits of advanced technology, especially when it comes to keeping our clients well-informed.  As a testament to our commitment, we have recently joined Twitter.  We’ll be keeping our followers up to date on new rental listings, private tour schedules, and latest in real estate news!  Follow us at http://twitter.com/parcbay. 

 Looking for a REALTOR who can handle all of your rental and home buying needs? Join Kathy Chan on LinkedIn (http://www.linkedin.com/in/kathywchan) and see what her satisfied clients have had to say about their experiences.  Here’s a taste of her fabulous LinkedIn recommendations:

 “Quite simply, Kathy gets it done! No dramas, no if’s and but’s. It gets done. She’s great to work with, manages every detail, and treats you like you’re her only client. I’d work with Kathy again… in a heart-beat.” May 11, 2009

“Recently worked with Kathy to rent an apartment in the Infinity. Kathy was quick to respond and a great communicator throughout the process. She knows real estate in South of Market, South Beach and Mission Bay very well. She was thorough and really worked to meet the needs of both me as the renter as well as those of the landlord. A little over a day passed from the time I expressed interest in the apartment to when I was signing the lease. Thank you.” May 9, 2009

Stunning 2-bedroom rental unit at ONE RINCON HILL, one of the most desirable floor plan “02″. Approximately 1200 sq ft. Upgraded kitchen. Multiple units available. Ask for details. Address: 425 1st Street, San Francisco, CA 94105

To schedule showing, please email kathy@parcbay.com

To see more rental listings, please visit http://rentals.parcbay.com

6-month min. Prefer 1-year. Sorry no pets.

Parc Bay Real Estate is now featured as TheNest.com’s local real estate resource!  TheNest.com, a subsidiary of TheKnot.com (the number one wedding website), is a site full of resources for the hip and harried married couple.  Check us out here.

Parc Bay has helped many newlyweds start their lives together and find that special place they can call home.  Whether it’s finding the perfect place to rent or purchase, or even selling a pre-wedding home, we will help you prioritize and eliminate frustration when it comes to leasing and purchasing real estate in the San Francisco Bay Area. 

Buying a home is a big commitment and can be as emotional as planning a wedding.  Our agents will guide you through the process and help you find your perfect home with our signature hassle-free customer service.  Newlyweds may also be eligible for closing cost credits toward the home inspection, appraisal fee, or buy down points.  For a FREE Consultation, email thenest@parcbay.com.

 Wow, stunning waterviews. One of the most desirable 2-bedroom floor plan “02″ at the One Rincon Hill (Address: 425 1st Street). Luxury living with exceptional amenities. $4250 (NOTE: FURNISHED option at $5500, picture available upon request. Unit is approximately 1300 sq ft. Hardwood floor throughout, marble bathrooms and high-end chef kitchen appliances and much more!

Email kathy@parcbay.com for private tour. 415-370-3776

New exclusive rental at One Rincon Hill (www.onerinconhill.com)  – a luxury high-rise, signature structure with 695 condominiums and 14 townhomes. Address: 425 1st Street, San Francisco CA

This luxurious rental unit offers approximate 800 sq ft of living space (1-bedroom with a den), amazing waterviews located on the 18th floor. $2700 per month (with one valet parking – 9 months term okay)

To schedule private tour, please email kathy@parcbay.com or visit PARC BAY Rentals for more details.

THE INFINITY 2-bedroom luxury rental

Stunning views and luxurious living at THE INFINITY. This exclusive unit is approximately 1200 sq ft with private patio, upgraded kitchen, light fixture and beautiful hardwood floor. Granite counter-top and high-end stainless steel appliance (Viking). To schedule private appointment, please email luxury leasing specialist KATHY kathy@parcbay.com. Address: 301 Main Street,

$3999 per month (1 year term) – Spacious 2-bedroom

City Views

THE LANSING

“THE LANSING” is a modern, eight-story, 82-unit condominium community with just a short walk to downtown, SOMA, South Beach and Financial District. Easy access to Freeway 80. For more pictures, visit http://rentals.parcbay.com

This spacious unit is located at the Rincon Hill district of San Francisco. It offers flexible split floorplan with Juliette-style balcony. Unit is approx. 1065 sq ft. Designer finishes throughout.

$2850 per month (includes one parking and one storage bin)

To schedule showing, contact Luxury Leasing Agent KATHY (kathy@parcbay.com).

New exclusive rental listing located in one of the most desirable area in SF. Address: 400 Beale, San Francisco. This unit offers stunning waterviews and excellent natural lights. The Bridgeview building amenities include swimming pool, gym, BBQ area, roof top deck and 24×7 security.

Rental $2600 per month (includes a parking)

To schedule showing, please email kathy@parcbay.com

Sorry no pets. FREE MONTH for the rest of APRIL! Great deal.

Don’t miss this opportunity to view an amazing deals @ THE PALMS. 1-bedroom  ($2250) tour at 12:00 (noon) and 2-bedroom ($2900-3100) tour at 11:30am. To join, you have to send us an email, rentals@parcbay.com to get in to the building. We look forward to seeing you! 415-299-9912, April will be meeting you at 555 4th Street lobby. For pictures and additional info, please visit http://rentals.parcbay.com

Posted by: Kathy Chan | Broker (kathy@parcbay.com)

Great opportunity to live in one of the most desirable area at the One Rincon Hill. This quiet corner unit is flooded with natural ligthts. High end finished throughout. There is a washer/dryer in the unit. Chef’s style kitchen. Floor to ceiling window. A large size private patio and MORE! Unit is approx 800 sq ft, located on the 9th floor.

**SPECIAL**$2600 only. Email kathy@parcbay.com | PARC BAY broker for details and to join this Sat tour! Visit www.parcbay.com for more info and pictures. Address: 425 1st Street. San Francisco