February Kauai Hawaii REO Foreclosure List

Active listed Kauai, Hawaii REOs: (with all brokers)
Haleilio Puuwai
#1. 5120 Haleilio Rd, Wailua Houselots, 3 bedroom 1.5 bath on a large lot of 16316 sq.ft. $399,900 MLS#220517 NEW
#2. 5027-A Puuwai Road, Kalaheo, 3 bedroom 4 bath home with ocean view. $699,900 MLS#220522 NEW
#3.4217A Anahola Road, Anahola. This 3 bedroom 2 bath home needs a lot of cosmetic work but the house “bones” appear to be in good condition. The best part of this house is the location. A block away from the beach and boardering a park. The second best thing is the price. $329,900. Listed with Kauai Dreams Realty. MLS#220016
#4. Kamahana #4, Princeville. This is a 2 bedroom 2 bath condo in Princeville. Owned by Countrywide. $354,900. MLS#220199
#5. 4910 Aliali Road #5, Kapaa. This is a 3 bedroom 1.5 detached home that is part of Apopo Hale condominium project. $279,000. MLS#219935
#6. Pono Kai #C209 2/2 Oceanfront condo. $529,900 MLS#218983. Owned by Countrywide.
#7. Kuhio Shores #313, Poipu to $594,900 MLS#213644 Owned by Countrywide.
#8.Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $154,900. MLS#217159 Chase REO
#9. HaleLani Village at Puhi #Z101. 2 bedroom 2 bath condo for $198,000. Owned by Fannie Mae. MLS#217388
#10. Emmalani Court #412, Princeville. 2 bedroom 2 bath condo owned by FannieMae $526,900. MLS#216880
#11. 5143 Iolani Pl, Princeville. 3/2 home in Princeville. Owned by Countrywide Reduced to $594,900. MLS#2170175.
#12. 2469 Keneke St, Kilauea 4 bedroom 2 bath 3080 sq.ft. home. MLS#220507 Reduced to $419,500.
#13. Islander on the Beach #321. Studio oceanview unit. $169,500. MLS#217190. Owned by CPHL
#14. Islander on the Beach #126. Oceanfront unit. $240,0000. MLS#218530. Owned by CPHL
#15. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $634,900 MLS#219109 Fannie Mae/Freddie Mac REO
#16. Regency at Huleia #21 2/2.5 bath Lihue condo. $380,600. MLS#218226
#17 Plantation at Princeville #422 3/3/ condo for $559,900. MLS#218569
#18. 2242 Ioela St, Kilauae, 3/2 home for $445,500. MLS#217056.
#19. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. $674,900 Owned by Countrywide.

Upcoming REO’s with Kauai Dreams Realty:
#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. This should be listed soon.
#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.
#5. 4836A Puuwai Road, Kalaheo. 2 bedroom 1 bath home.
#6. 5796 Noni, Wailua Homesteads, Kapaa. 5 bedroom 3 bath home.
#7. Hoolako, Lihue. Nicer home in eviction process.
#8. 148 Royal Drive. over 1 acre on the rim in Wailua w/ two homes.
#9. Kauai Beach Resort #4208 (Hilton) This is the preferred oceanfront building.

Upcoming REO’s with other Brokers:
#1. Lae Road, 3/2 In the eviction process.
#2. Aheahe Place. Lihue. 4 bedroom 3 bath.-Fannie Mae
#3. Paniolo #103, Princeville condo.-Fannie Mae

REO’s (Bank owned Properties) in escrow:
#1. Kawaihau Sports Villas #J201. A 2 bedroom 2 bath condo with loft and lanais. $171,600. MLS#219941.
#2. 4801 Lae Road #4, Kalaheo, This is a 3 bedroom 2 bath home of approximately 1104 sq.ft. living area on a CPR lot of 21870 sq.ft. Some repairs needed but in general a really cute home all for $399,000. MLS#219749 Owned by WaMu.
#3. 4062 Blackstad Road, Lawai AKA 4031-L Off Koloa Road. 2 homes and a cottage on 1.28 acres. These homes need work. REDUCED to $599,900 MLS#213597 Owned by Carrington.
#4. 5013 D Moa Road reduced from $300,000 to $260,000. MLS#216449.
#5. 4540 Waiakalua St., Kilauea reduced to $601,900. MLS#217182. Owned by WAMU
#6. 276 Makani Road, Wailua Houselots to $419,900. MLS#216350 Owned by WAMU
#7 4313 Maka Rd, Kalaheo 3/2 $421,900. Owned by Countrywide
#8. Kaahele St. 3/2 Wailua Homesteads.

Sold REO’s bank owned Kauai Hawaii properties: From 12/1/2008
#1. 213537 T S 97 4-3-3-3-29-26 FS $159,900 Halelani Village At Puhi Ph Ib #P106 651 #P106 2/1 SOLD 12/22/2008 for $136,000 (CNV) DOM 97
#2. 215332 RS S 106 4-2-5-9-77 FS $366,915 4588 Kuilei St 9,437 sqft 1,068 3/2 SOLD 1/9/2009 for $360,000 (CNV) DOM 106
#3. 212729 RS S 86 4-3-7-6-90 FS $403,900 4272 Kailewa St 7,700 sqft 960 3/1.5 SOLD 12/2/2008 for $400,000 (CNV) DOM 86
#4. 216539 RS S 6 4-4-6-35-63 FS $334,900 1730 Pu’u Ka’a St 8,164 sqft 912 3/1.75 SOLD 12/5/2008 for $336,000 (FHA) DOM 6
#5. 216470 RS S 1 4-4-6-36-21 FS $407,500 1683 Elika Pl 8,021 sqft 1,438 3/2 SOLD 1/14/2009 for $408,569 (CASH) DOM 1

There are a lot of price reductions in this months REO Blog. The good thing about REOs is that they are sure to get price reductions if they don’t sell immediately. However dont wait to long if you are intereted in a property or you may be bidding against others. The submitting of an offer is different for Bank REOs than private sellers. Although the offer is written up on a State Purchase Contract it is not submitted to the bank until after the buyers have agreed upon the price and other terms. The listing broker upon receiving an offer for their REO listing submits the offer on the web. Only basic fields are submitted such as name of buyer, price, closing date, cash or loan and proof of cash funds or prequalification loan letter. If there is no proof of cash funds or prequalification letter submitted with the offer, the offer can not be submitted. Other idosyncrasies of REO offers are “per diems”. If for some reason the escrow does not close on time (most likey due to loan processing) the bank charges a per diem usually of about $100.00 a day for extensions. It’s important to understand these idiosyncracies when you put in your offer. For questions on the above properties feel free to email me at julie@hisemail.net or call me on my cell 808-652-6174. Aloha Julie