honolulu reo: Honolulu Distressed Properties: Some Definitions Part 2 - 11/19/10 05:00 AM
Honolulu Distressed Properties: Some Definitions Part 2
Today, many buyers are interested in bargains and some focus on distressed properties that may be a short sale, in foreclosure or is bank owned.  Many are confused by these different terms and situations so I thought I would take a page from our website, www.HNLCondos.com and define three common situations and terms.
Today, let's take a look at foreclosure properties:
Foreclosure Properties - These are properties that are in the process of being foreclosed on by the property owner's lender.  In the State of Hawaii, all foreclosures are a judicial process.  When a property … (1 comments)