Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

General Explanation Of The Hawaii Kai Real Estate Short Sale Process
We receive a number of calls each week asking about the Hawaii Kai real estate short sale process. Since we have handled quite a number of Hawaii real estate short sales and have gained extensive experience dealing with a variety of different lenders we thought we would take the time to explain the process.
First of all, lets define what a short sale is. A short sale is when a home owner needs to sell their property for whatever reason and they do not have enough funds from the sale of the Hawaii real estate property to satisfy the outstanding liens such as the 1st and 2nd mortgage that are attached to the subject propety. A short sale is many times a "pre-foreclosure" but not always. There are some instances where a distressed home owner is current with their payments but is struggling and is on the brink of going into default and not paying their mortgage. In most cases, a Hawaii Kai real estate owner is in a distressed situation, has not made their monthly mortgage payments for some time, and has received a notice from the bank threatening foreclosure. Whichever the case may be, in order for the sale ... more

__________________________________________________
Are you on The Rain? Grow Your Network!