WOW REO ASSET MANAGER COMES THROUGH

 

Recently I was working with a lovely young couple for a first home purchase.  After many offers and being the bridesmaid we finally got an acceptance and were the bride on a cute house and cottage fixer.

It was apparent the home needed some work, but my buyers went into the offer with eyes wide open.

The appraiser came back with a need to fix list incl some peeling paint in many areas of the home, roof repair and flooring.  The underwriter came back with a FULL PAGE of fixes based on the "suggested future repairs" from the appraiser. 

We thought we were sunk, but the clients had waited so long and they were hopeful so I submitted the list to the listing agent who was rather shocked as was I.  He was able to get the ENTIRE HOME painted, roof repaired, flooring done, plumbing, gutters, etc etc.  I'd never heard of a bank that was willing to paint the entire home.  Not only the body of the home but the trim too.

Don't be afraid to ask on an REO and you may be surprised and your buyers will thank you.

Aloha, Gina Duncan

 


Maui Real Estate Statistics
08/01/2010
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July is coming to an end and I am very curious as to what the story will be for statistics. I am seeing more properties close and go under contract in July over June so it will be interesting to see if the stats bear that out. Our website: www… more
Its Not My Monkey
06/08/2010
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Recently our Board put on a seminar by Terry Watson. Terry was a very engaging speaker and 2 main points I took away from his seminar and still incorporate were to engage more online especially with Realtor. org's tremendous educational… more
Short Sale Investor Owners Beware
05/17/2010
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SHORT SALES NEW RULES FOR INVESTOR OWNERS We are seeing banks now wanting sellers who are investor owners to contribute either by way of cash at closing or to sign a promissory note and sometimes both. I have had my last two Bank of America… more
Top Trends from Natl Assoc Home Builders & Gina's w/Hawaii Perspective
05/12/2010
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The 10 Most Likely Features builders will include in 2010 according to the National Assoc of Home Builders Jan 2010 survey are: 1. Walk in Closet in the Master Bedroom 2. Laundry Room 3. Insulated Floor 4. Great Room 5. Low-e Windows 6… more
Tired of Waiting for Short Sale Approval Here are Two Approved on Maui
04/26/2010
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EVER DREAM OF THAT GREAT CONDO DEAL ON MAUI. BOTH WITHIN BLOCKS OF THE SANDY BEACHES AND HAVING THE GENTLE SOUND OF THE WAVES SO CLOSE AND SMELLING THE SEA AIR. WAIT NO MORE… We just received 2 bank short sale approvals and the buyers have… more
SHOCK!! A negotiator called me to initiate short sale!
02/27/2010
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I received a call the other morning and about fell out of my chair. I had a short sale that had been in with Chase for a YEAR and fell out due to lack of lender response and buyers falling by the wayside. Chase negotiator called me, introduced… more
Silent Suffering in Luxury Markets - Foreclosure instead of Short Sale
02/27/2010
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We are seeing signs of this on Maui. Luxury home owners need to reach out to a qualified short sale expert and at least have a discussion of their options. Great and timely post Wendy! Aloha, Gina Duncan Via Wendy Cutrufelli, Contra Costa… more
Sellers Disclosures for Maui Real Estate Changing
06/23/2009
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In Hawaii it is mandatory (unless REO, estate property) that a Seller provide a disclosure form (HAR) to the Buyer. On our forms it lists many questions about the property from the roof, to the fencing, sewer system and more. In July 2009 Sellers… more
Foreclosure scams in ethnic communities.
06/22/2009
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I am seeing this happening on Maui. NEVER pay money to anyone other than your Lender and the best person to assist you is your Lender if you are in thinking you will be behind in your payment or are currently behind in your payment. The next best… more
 
Gina Duncan, R  Broker, ABR, AHWD, BPOR (Maui Real Estate Advisors LLC)

Gina Duncan, R Broker, ABR, AHWD, BPOR

Kihei, HI

More about me…

Maui Real Estate Advisors LLC

Address: 161 Wailea Ike Place Suite A-102, Kihei, HI, 96753

Office Phone: (808) 875-4444

Cell Phone: (808) 250-9858

Email Me



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