kauai foreclosures: Kauai Foreclosure Update end of October - 11/04/10 04:11 AM
Kauai Foreclosure Update for the week of October 24th – 31st
Last week on Kauai, 4 properties were reverted back to the lender on the courthouse steps. 3 auctions were canceled and SIXTY auctions were postponed. Is this a reflection of some of the foreclosure freeze news? One can only guess, but perhaps. 11 new listings are distressed properties. Nine of them are REOs, and two of them are short sales. The distressed property market is primarily composed of two things:
REO (Real Estate Owned)—These properties have already been foreclosed on by the lien holder, assigned to an asset man One … (0 comments)

kauai foreclosures: Tricked or Treated - Kauai Home Retention Seminars offers Options - 10/30/10 02:44 PM
Once again I am getting ready to deliver a couple of seminars entitled, "Home Retention 101" for homeowners on Kauai. The sessions are Monday November 1st at 3 p.m. and 7 p.m. at the Courtyard by Marriott in Kapaa (formerly the Aston Kauai Beach at Makaiwa). In the spirit of Halloween I was thinking that Kauai homeowners were TREATED to  an inordinate amount of home appreciation from  2002 til 2007. Prices literally tripled here during that short window of time. However, many homeowners were TRICKED into getting loans that they had no business getting. MOst lenders were not generally in the … (0 comments)

kauai foreclosures: Home Retention Options for Hawaiian island residents. - 09/21/10 04:20 PM
Here on the small and lush Garden Island, we have two primary types of homeowners. Those foks who live on the island, many of whom were born and raised here. The second type of owner is an absentee owner, those who have their second home or vacation rental properties on Kauai. In the current distressed property market, the members of our community who live here and are having problems with their mortgage or payments are the Kauai residents that need the most care and assistance. Even though one might think that everyone knows about their options and the government programs to … (0 comments)

kauai foreclosures: Home Retention Options for island residents. - 09/04/10 03:31 AM
A year ago I helped to produce three seminars entitled "Short Sales Demystified". I was working in the short sale space and was looking to provide assistance to local homeowners who may have been in trouble with their mortgages and in risk of foreclosure. I held the sessions hoping to find homeowners in distress. Out of 30 attendees to the events, 29 of them turned out to be buyers.  My takeaway was that the subject of foreclosure was too private and people did not want to come out in public and discuss.Well, that led to the next seven seminars which focused … (0 comments)

kauai foreclosures: Kauai Foreclosures New Inventory March 2010 - 03/05/10 12:05 AM
The latest two weeks of new listings on Kauai feature something old and something new. Some of these are bank-owned and others are short sales. The short sales often take longer. ODD isn't it? View all Kauai Foreclosures → My new listing of 10.8 acres on Kuamoo Rd. offer a superb opportunity for a developer. Zoned R-2, 2 homes to an acre, this is an opportunity for a smaller subdivision or CPR. Let me know if you need a preliminary map or topo of this property.<!--more--> Kuamoo Rd ($699,000) Kauai Beach Resort short sales are not a new thing, but there … (1 comments)

kauai foreclosures: On Bloomberg TV discussing foreclosures - 10/12/09 12:19 PM
 
Interesting interview with head of Zillow about the state of foreclosures and where we may be in this real estate market cycle. Thanks for the tip. Knowledge is power.... Thanks Spencer
 
Here's the analysis of foreclosures moving upscale.
The startling headline is this -- in 2006, the top 1/3 most expensive homes in each local area made up 16% of foreclosures. Today, the top 1/3 of homes make up 30% of foreclosures.
And here's the video from Bloomberg TV today discussing this and other issues. Sorry to come off as so pessimistic, but I call 'em like I see … (0 comments)

kauai foreclosures: Kauai Buyers Focusing on Foreclosures and Deals - 03/25/09 02:58 PM
Well, March is looking to be the best month yet this year as there are more buyers and more deals on the island of Kauai. Kauai REO foreclosures continue to grow and these seem to be becoming the best values in our market.
With one week left in the month of March, 42 properties are in either contingent escrow or "under contract", meaning that the contingencies have been removed, or, in the cash of something like an all cash sale, there are no contingencies.It's also intersting to note WHERE in the marketplace the sales are occurring. Of the 42 properties currently … (1 comments)

kauai foreclosures: Kauai South Shore Short Sale Opportunities - (Say that four times fast) - 03/06/09 02:07 AM
Kauai's South Side and the Poipu/Koloa areas are the most popular for vacationers and tourists. Being on the south side, it's generally warmer and sunnier, especially in a long winter like this when it has been colder and rainier than many local folks can remember. As the strongest vacation rental market, the Poipu housing market has been the most resilient. What i mean by that is that prices and values held the longest in Poipu, but as the market has been changing, Poipu has now been adjusting and there are affordable homes and condos in this most desirable area of Kauai.I … (2 comments)

kauai foreclosures: Latest North Shore SHORT SALES and Foreclosures - Princeville, Kilauea, and Hanalei - 03/05/09 04:14 PM
As of this posting, there are at least 25 properties in the Kilauea, Princeville, and Hanalei areas that are  in short sale or foreclosure. This list is compiled by RealtyTrac, the nation's leading source for foreclosures. This does not include the many sellers who are still current in their mortgages but still must seek short sales. The lists are divided into two types, those in pre-foreclosure where the NOD (notice of default) has been filed with the County of Kauai. Then there are those who already have their auction dates set. Experience tells us that its few and far between that … (0 comments)

kauai foreclosures: Latest East Side Short Sales and Foreclosures - Kapaa and Wailua - 03/05/09 07:30 AM
As of this posting, there are 48 properties in the Kapaa-Wailua that are  in short sale or foreclosure. This list is compiled by RealtyTrac, the nation's leading source for foreclosures. This does not include the many sellers who are current in their mortgages but still must seek short sales. If you wish to have a list of the most recent short sale properties in our neck of the woods, drop me an email and I will forward the list to you immediately. You might also find it interesting to download the laws about Foreclosure in Hawaii to gain some insight as … (0 comments)

kauai foreclosures: More Foreclosures on their way - 01/27/09 02:19 AM
The number of foreclosures and short sales are still rising here on Kauai. Most of the activity is at the lower end of our market as the higher-end areas are generally owned by a more affluent and less distressed clientelle. Here is a list of some upcoming foreclosures from one of our realtors who specializes in representing banks.
#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. Located in the Kapahi area, this home should be a good value under 400k i would guess#2. … (0 comments)

kauai foreclosures: Fannie Mae REO at Princeville's Emmalani Court - Great Price - 10/13/08 03:22 PM
This spacious two bedroom condo at Emmalani Court, a beautiful Princeville condo complex that was built in 1992. Emmalani Court borders the Makai golf course and affords both golf course and ocean viewsThis unit, #412, just went on the market today. The listing agent promoted that the property is qualified for ExpressPath financing. As a Fannie Mae REO i wanted to know what that meant.  I searched on AR and found this answer from Bill Cherry, Dallas Realtor who wrote:The property owner gets the appraisal and inspections out of the way via the Express Path Financing lender -- a virtual lender. … (2 comments)

kauai foreclosures: Kauai Real Estate List of Foreclosure Auction and Pre-Foreclosures - 05/22/08 03:08 AM
The Kauai real estate market is chugging a long with some nice high end escrows closing and some very good values from developers on inventory that has not yet moved. Incentives to buyers and buyers agents help to keep inventory moving. Foreclosures and short sales however are still on the rise. Many people inquire about these types of properties with the notion that they can "steal" something, but, that is pretty unlikely since banks generally hire appraiser and perform a broker price opinion in order to have a pretty fair opinion with regards to the value of a property they are … (3 comments)

kauai foreclosures: Great Kauai Foreclosure Values - 03/02/08 03:08 PM
Great values! Their loss may be your gain

The Kauai real estate market is holding its own and yet, there continue to be an evolving selection of motivated, even distressed sellers, who over-extended in Kauai. Whether it's a condo or a new home, there are some great values being offered by sellers who, for one circumstance or another, must sell their properties. Here are a few samples. If you have an interest in seeing a full list of current short sales & foreclosures, drop me a line, and I will email you directly.

Princeville Condo Foreclosures - Unit 26B … (9 comments)