wailea: Wailea Maui: Officials ask feds to investigate foreclosures (List of States Impacted)
- 10/05/10 02:27 PM
Incredible news even for the economic times we are in. This impacts people all across the United States, reaching even far into the Pacific Ocean on Maui (aka Paradise) in Wailea and Kihei. Below you'll find a link to a short article about the investigation into the banks foreclosure practices. Below that you'll find a list of the 23 states that have been named where foreclosures may be suspended, Hawaii is included. http://www.usatoday.com/money/economy/housing/2010-10-01-foreclosures01_ST_N.htm List of states impacted: Connecticut Florida Hawaii Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Nebraska New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Pennsylvania South … (7 comments)
wailea: Wailea Maui: Mortgage Rate Sinks to 4.32 Percent
- 10/04/10 04:00 PM
Aren't these interest rates just incredible? Average interest on 30-year fixed mortgages fell this week to 4.32 percent, matching the lowest level on record. Interest on 15-year loans, meanwhile, declined to 3.75 percent, setting an all-time low. Investors have been flocking to the safety of Treasury bonds since the spring, which has driven down their yields and helped to keep rates at or near the lowest levels in decades.Source: Boston Globe (10/01/10) Buying on Maui is more affordable than it has been in decades! <strong>Side note...</strong>It is not often that Maui has a "Buyers Market", but we're in one now...but inventory … (0 comments)
wailea: Wailea Maui: States With Highest, Lowest Property Taxes
- 10/04/10 03:29 PM
Hawaii has the second lowest property tax in the country. (Kihei, Wailea, Makena, Maui, Hawaii) Using U.S. Census data, the nonprofit Tax Foundation has uncovered where the highest property taxes in the country are paid relative to the median value of the homes. Some of the locales may surprise you.New Jersey came in first - no surprise there - but New Hampshire, which has no state income tax and prides itself on that, had the next-highest real estate taxes as a percentage of home values.Louisiana had the lowest median taxes compared to property values, another ho-hum finding. But the second-lowest taxes … (2 comments)
wailea: Maui: Thinking about relocating to Maui?
- 09/23/10 01:12 PM
Aloooooha! If you are thinking about relocating to Maui...you are in the right place. I made the move just over 5 years ago and love it here. However, there are some things you want to know before taking such a leap of faith...such as: What are the differences between the South Maui, West Maui, Central Maui, Hana and Up Country? What are the housing costs - Rent vs Purchase What are the options for your child to get a good education? What about food, utilities, activities, moving costs, etc.? Yes there is quite a list. It took us more than a year to make the move, … (4 comments)
wailea: Maui: Expert Proposes Rewarding Good Borrowers
- 09/10/10 03:05 PM
At least one mortgage financing expert thinks that the government ought to consider rewarding people who are in financially sound shape and who want to continue to pay their underwater mortgages on time.Keith Gumbinger, a vice president at the HSH Associates mortgage-consulting firm, told Fortune magazine that he wants the federal government to issue what he calls, "value gap coverage."It would work this way: You bought a home for $350,000 in July 2006 with 100 percent financing at 6.8 percent. Now the property is worth $280,000, but your mortgage balance is $334,000. You can't refinance because you are underwater, but willing … (0 comments)
wailea: Wailea & Kihei Maui: Give Home Owners Tips to Fight Foreclosure
- 09/07/10 04:18 PM
Many foreclosure notices don't result in actual foreclosures. Here are a few tips on what home owners facing foreclosure on Maui in Hawaii should do immediately: 1. Work with the time you have. Foreclosure can be a long slog here on Maui, which gives you time to come up with an alternative. If your goal is to salvage your home, strive to get a Loan Modification with your lender...this alone may delay the foreclosure sale date. Keep up with payments for homeowners insurance and property taxes. Otherwise, you could get hit with an uncovered casualty loss or liability suit, or tax liens. … (0 comments)
wailea: Maui Real Estate - 6 Strategies to Maximize Your Return
- 09/02/10 09:02 PM
There are several ways that you can improve the return on your Maui real estate investment...below are the 6 most common. Discounted price Pay market value only if you can gain from some sweat equity Reduced holding costs - today's rates are the lowest they've been in like 50 years! Take advantage of higher rental rates - Maui has a "high season" which commands higher prices from tourists visiting during the most desirable months Tax write-offs (interest, monthly fees, taxes, service fees, etc) Appreciation - don't count on this right now...it will be a bonus. I believe you make your money on the purchase. Essentially … (0 comments)
wailea: July Pending Home Sales Show Rise
- 09/02/10 08:19 PM
September 2, 2010 Following a sharp drop in the months immediate after expiration of the home buyer tax credit, pending home sales have modestly risen, the NATIONAL ASSOCIATION OF REALTORS® says. The Pending Home Sales Index, a forward-looking indicator, rose 5.2 percent to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1 percent below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.Lawrence Yun, NAR chief economist, cautioned that there would be a long recovery process. "Home … (2 comments)
wailea: Foreclosure Alternative: The Short Sale
- 07/09/10 02:41 PM
This Article is good for owners who are in jeopardy of losing their home, investors and buyers...knowledge is powerful. A short sale is far from hassle-free, but it's a better alternative than foreclosure. And now you've got a little help from your friends in D.C. Here are the facts about short sales and how to get started.
After a short sale, you may qualify for a loan again in two years--quicker than you could with a foreclosure in your past. Image: fotog/Getty Images Facing foreclosure and tempted to stay in your home until the bank pulls it out from under … (2 comments)
wailea: Whew! The Wailea-Kihei Real Estate Market is Heating Up!
- 07/09/10 02:08 PM
Buyers-Investors:I have two listings in Wailea-Kihei area on Maui...one pending and the other is close to selling I can jsut feel it. What do I mean I can "feel it"? We have an influx of Canadians and summer has hit the mainland...so our tourism is up! Buyers are coming from opposite ends of the United States and Canada...it's an exciting time to be in real estate. I meet interesting people from all over the world and that love Maui. If you are thinking of buying property in Kihei or Wailea - whether you would relocate to Maui or like a vacation rental...I can show … (0 comments)
Kihei and Wailea Maui real estate for sale.
If you are thinking about taking advantage of the lower prices on Maui - be sure to contact me about Kihei and Wailea. I can help guide you in making the same move or purchasing a rental that you can use year after year.
Thinking of moving?
I relocated to Kihei Maui September 2005, I have first hand experience making the move to Kihei on Maui and can advise you as needed.
Aloha.
Jeff Graves, Realtor (S)
808-633-1292
Coldwell Banker Island Properties
34 Wailea Gateway Place, A-207
Wailea, Maui, HI 96753
Incredible news even for the economic times we are in. This impacts people all across the United States, reaching even far into the Pacific Ocean on Maui (aka Paradise) in Wailea and Kihei.
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