The number of foreclosures and short sales are still rising here on Kauai. Most of the activity is at the lower end of our market as the higher-end areas are generally owned by a more affluent and less distressed clientelle. Here is a list of some upcoming foreclosures from one of our realtors who specializes in representing banks.

#1. 5322 Kahala St., Kapaa. This 3 bedroom 1 bath home is in good condition. Granite tile countertops, bamboo flooring are just some of its features. Located in the Kapahi area, this home should be a good value under 400k i would guess
#2. Mimilo Road, Kapaa. Hundley Heights area.
#3. Koili Lane, Wailua Homesteads.
#4. 5733 A Kuamoo Road, Wailua. 2 bedroom 2 bath with a small yard - this one will be very affordable
#5. 4836A Puuwai Road, Kalaheo. 2 bedroom 1 bath home.
#6. 5796 Noni, Wailua Homesteads, Kapaa. 5 bedroom 3 bath home. - this home sold for 389,000 in 2003 and is currently assessed at $591,000. Most often REO's are selling for prices well below their assessed value. Look for this large home to be in the high 400s.
#7. Hoolako, Lihue. Nicer home in eviction process.
#8. 148 Royal Drive. over 1 acre on the rim in Wailua w/ two homes. - I went to the foreclosure auction of this property six months ago, and the back bought it back for $948,000. This lot has three potential home sites. The value is in the land, not in the existing structures.

#9. Kauai Beach Resort #4208 (Hilton) - Building Four is right on the ocean. This project is simply imploding. There are 25 units available for prices as low as $105,000.
#10. Lae Road, 3/2 In the eviction process.
#11. Aheahe Place. Lihue. 4 bedroom 3 bath.-Fannie Mae
#12. Paniolo #103, Princeville condo.-Fannie Mae

The REOs and short sales have increased this month again. As we continue to see the unfurling of Alt-A and option ARM loans add to the mess of the sub prime loans, our distressed inventory continues to grow. Buyers, it's time to get your checkbooks out.