Kauai Short Sales

By
Real Estate Agent with HomeSmart Island Homes RB 20260

Just Sold  

by the Kauai Short Sale Team

Carol Skon, R and Deborah Parker, RA

 Short sale  adjective /noun  1. A property is sold and the lender agrees to accept a discounted payoff, the lender will then release the lien that is secured to the property upon receipt of less money than is actually owed.

    336 Hie Street

336 Hie Street, Kapaa, HI  3 Bedrooms/2 Baths 1256 Sq ft/8432 sq ft land area

 5289 Kihei

                                                                         

 

 

 

 

 

 

5289 Kihei Road, Kapaa, HI  2 Bedrooms/1 Bath  836 Sq ft/ 10,000 sq ft land area

In a short sale, the lender for the mortgage agrees to accept less money than is what is actually owed on the loan because of an economic or financial hardship on the borrower. The short sale process can take as long as 6 to 9 months to complete so nothing about the process is "short".  The longer time frame is due to the lender taking some time to evaluate how much money is acceptable for them to lose on the property and each property is different.  Lenders generally lose $40,000 more on average if they have to foreclose so they may be more inclined to look at a short sale.

The first step is to get your property listed with us.  Call us today for your free consultation. 

Call Deborah Parker, RA 808.647.4744 or Carol Skon 808.634.2945 

 

 

Posted by

 

Carol L Skon, Realtor Broker, GRI, e-Pro  

HomeSmart Island Homes Kauai, Hawaii

Main office: 1888 Kalakaua Avenue Suite C312, Honolulu, HI 96815  

808.634.2945         www.carolskon.com    

Kauaihawaiirealestateblog.com

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Rainer
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Carlos A. Fernandez
Zephyr Real Estate - San Francisco, CA
Bernal Heights/San Francisco

nice homes in a very desirable place to live or buy a second vacations home ...great job!

Dec 10, 2010 08:49 AM #1
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Rainer
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Carol Skon

RB, Kauai, Hawaii Real Estate
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