Kauai REO, Kauai Foreclosures, Hawaii December 17, 2012 Update
Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is the update to the December 1, 2012 Kauai REO (bank owned property) list. It is updated weekly (or twice a month) or on the 1st of the month and is based on the MLS inventory. (Photos of any active property can be seen by taking the MLS number and plugging it into my web site www.kauaidreams.com)
1. 6238-C Kahiliholo Rd. Kilauea. 5 bedroom 3.5 bath home with a large barn/Ag building on over 5 acres and the end of Kahiliholo Rd. $1,490,000. MLS# 259620. (Not an REO but government seized property)
Kauai REO Back on the Market:
1. 6475 Ahele Drive, Kapaa. 3 bedroom 1.5 bath home in Wailua Homesteads. Price Reduced- $291,000. MLS# 258044. Owned by Bank of America.
Sold Kauai REO:
1. 9912 Ula Place, Waimea. 3 bedroom 1 bath home. $229,000. MLS# 251435. Owned by Deutsche Bank National. Sold for $219,900 USDA on 12/3/2012
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 808 652-6174 or email me at firstname.lastname@example.org with any questions you might have or an appointment to see these properties. Aloha, Julie
As there are fewer REOs coming on the market I have cut back on my blog to every other week. There are less REOs on the market due to our state pretty much banning non judicial foreclosures (a cheaper quicker way of foreclosing) and now all the lenders have to go though costlier & lengthier judicial foreclosure. This is not really a benefit to all because of Hawaii’s judicial foreclosure laws allow the bank can sue the former mortgagor for the loss or difference in price. Their is a benefit for those buyers hoping to bid at foreclosure. The foreclosure commissioner works for the court and not the bank. It is a lot safer to now buy a property at foreclosure. It is not for the inexperienced buyer though, at least not without guidance on how the process works. More on this in future blogs.
Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is the December 17, 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 active property can be seen by taking the MLS number and plugging it into my web sitewww.kauaidreams.com)