March 8, 2010 Kauai REO Hawaii Foreclosures Update.

This is an update to the March 1, 2010 Kauai REO, Kauai Foreclosures, Kauai, Hawaii Foreclosures list. Scroll down to the March 1, 2010 list to see the complete list of Kauai REO properties:

New Listings:

1.Waipouli Beach Resort A404. This is a top floor 2 bedroom 3 bath upscale oceanfront unit. Modern kitchen with granite counters. Owned by First Hawaiian Bank. MLS#232766 $675,000. Original msales price was $1,500,000.

2. Islander on the Beach #371. This is a studio unit on Kauai’s coconut coast. $165,000. MLS#232573. Owned by Finance Factors.

Back on the Market:

1. 5086 Napookala Circle, Princeville $670,800 MLS#224854. This home has a great location in Princeville, in Sunset Circle.

Price Changes:
1. Paradise Court #C, Lihue Kauai. This is a 2 bedroom 2 bath 5 unit condo complex near Wilcox hospital. a park and shopping. MLS# 232285 $168,900.
2. 2365 Oka St, Kilauea. A 2 bedroom 1 bath home for only $277,900. MLS#231859 A BoA REO.
3. Alii Kai #6102, Princeville. 2 bedroom 2 bath condo. MLS#231100 $474,900. A BoA REO. Oceanview.

In escrow:
1. 3556 Old Mill Place, Koloa. 2 remodeled 3 bedroom 2 bath homes. MLS#232522 $539,550. DEUTSCHE BANK NATIONAL TRUST COMPANY
2. 4679 Emmalani Dr, Princeville. There is 1861 sq.ft. of living area. Previous MLS listings have this as a 4 bedroom 3 bath the current listing and tax records have it as a 2 bedroom 3 bath. $597,000 MLS#227993.
3. Kuhio Shores #104, Poipu. 1 bedroom 1 bath oceanfront project ground floor unit. $359,900. MLS#231846

I have received 3 new Kauai REO assignments in the past 30 days or so. I have yet to see it pick up. Many other Realtors across the nation are talking about phantom inventory. They think banks are holding back on their REO inventory so as to not flood the market and be their own competition. I think this may be true in other parts of the country but not on Kauai. Banks just seem to be slower. Some assignments will come a week after the foreclsure sale has takien place. But other banks it could be months.  A listing with IndyMac/Onewest Bank  took 4 1/2 months to get assigned to me after the foreclosure date. REOs will probably be steady until the end of the year but it will depend on the amount of active foreclosures.

All available properties with MLS numbers can be plugged into my website atwww.kauaidreams.com for more info and pictures. Or feel free to call or email me atjulie@hisemail.net with any questions you might have or an appointment to see these properties. ALOHA JULIE

Search all Kauai Homes at  www.kauaidreams.com Search the Kauai MLS at http://www.kauaidreams.com Search Kauai Property at http://www.kauaidreams.comSearch Kauai real estate at http://www.kauaidreams.com.

This is an update to the February 1, 2010 Kauai REO, Kauai Foreclosures, Kauai, Hawaii Foreclosures list. Scroll down to the February 1, 2010 list to see the complete list of Kauai REO properties: