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Kauai REO, Kauai Foreclosures, Hawaii – May 7, 2012 Update
Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is an update to the May 1, 2012 Kauai REO (bank owned property) list.  It is updated weekly or on the 1st of the month and is based on the MLS inventory. (Photos of any property can be seen by taking the MLS number and plugging it into my web site www.kauaidreams.com)
In Escrow/Accepted Offers Kauai REO:
Islander #137, Kapaa. Studio condo unit. MLS#254023. $79,000. Owned by Central Pacific Bank. Alii Kai #9F. 2 bedroom, 2 bath Princeville condo. MLS# 251903. $219,000. Owned by American Savings Bank. Kauai REOs Sold:
3886A Papalina Road, Kalaheo. A 2 bedroom 1 bath home on just under a half acre. Private. $325,000. Serviced by Wells Fargo. MLS#253013. SOLD 5/7/2012 for $330,500 (CNV) According to the Kauai MLS 71 properties sold last month April 2012 but only 8 were REOs or banked owned. 11 of those sold listings were tagged as Short Sale properties. That totals at 11.25% as REO sales and 15.5% as short sales.   The real news this week is that Act 48 has been modified to House Bill 1875. I have listed  some other blog addresses for information. Most the changes appear to be good but I don’t know how the banks  and their ... more

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