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Wailea & Kihei Maui: Give Home Owners Tips to Fight Foreclosure

By
Real Estate Technology with Altos Research 72732

Many foreclosure notices don't result in actual foreclosures. Here are a few tips on what home owners facing foreclosure on Maui in Hawaii should do immediately:

1. Work with the time you have. Foreclosure can be a long slog here on Maui, which gives you time to come up with an alternative.

  • If your goal is to salvage your home, strive to get a Loan Modification with your lender...this alone may delay the foreclosure sale date.
  • Keep up with payments for homeowners insurance and property taxes. Otherwise, you could get hit with an uncovered casualty loss or liability suit, or tax liens.

2. Determine the foreclosure laws here on Maui in Hawaii.

  • What's the timeline?
  • Do you have "right of redemption," essentially a grace period in which you can reverse a foreclosure?
  • Are deficiency judgments that hold you responsible for the difference between what your home sells for and your loan's outstanding balance allowed?

I can help you answer these questions and explain a variety of options that may be available to you...no charge...no obligation.

Oh, and watch out for online foreclosure scams.  Do your research to make sure they are a legitimate company.  Of course, you can also contact me here in Kihei-Wailea on Maui in Hawaii.

Investors...
You can play a role in providing a solution to homeowners in distress.  If you are interested in owning property on Maui - more specifically, Kihe or Wailea (areas I focus on) please contact me for a list of Maui's Best Buys!

Aloha,

Jeff

Jeff Graves I Realtor®(S) I Coldwell Banker Island Properties
(808.633.1292  (Cell)
JeffGraves@ClearWire.net

Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, Hawaii  96753

Source: NAR

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