Hawaii foreclosures rank low on Foreclosures
Hawaii ranked No. 42 in the nation, as compared to the four highest states.
California (Properties with Foreclosure Filings): 64,683
Nevada: 7,276 Is buying a foreclosure a good deal?
Compared to what? Compared to a market that is priced right and a knowledgeable Realtor who knows their inventory. There are many properties that have no balance owed that are for sale. Mom and Pops who can sell for less down size and move on for much less then a foreclosure.
Short sales can be good yet the work and time involved are going to vary.
I was told that all the inventory and amount of work on Hawaii short sales to date June 1st 2008 will take the rest of 2009 to finish and close. Thats not accounting for whats coming through from July to December 2008. It's just a matter of our economy and riding out the debt owed until it comes to a decent balance.