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distressed property: Distressed Property Hawaii Law MUST be Amended to Exclude Realtors. - 09/25/08 02:54 AM

The stated purpose of the new law is to protect the property owners facing foreclosures, liens, or encumbrances from persons who would prey on them.
 This act addresses possible misrepresentations by such persons who would offer assistance to these owners and requires them to fully describe their services in a written contract. It gives the property owner the right to cancel at any time before a "distressed property consultant" has performed all services called for in a contract.
The problem arises in the definitions section: "Distressed property consultant means any person who performs or makes any solicitation, representation, or offer … (3 comments)

 
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James G. Pycha (R), REMAX Kauai Broker

Princeville, HI

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James Pycha (R) - REMAX KAUAI

Address: 5-4280 Kuhio Highway, Princeville Center - Suite C-205, Princeville , HI, 96722-3609

Office Phone: (808) 826-9675

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