Kauai REO, Kauai foreclosures, Hawaii February 11, 2013 Update

By
Real Estate Broker/Owner with KAUAI DREAMS REALTY Kauai Real Property Specialist RB-14203

Kauai REO, Kauai foreclosures, Hawaii February 11, 2013 Update

Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is the update to the February 1, 2013 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)

New Listings:

1. Regency Hulelia 101, Lihue. This is a 3 bedroom 2.5 bath condo. $340,000. MLS#260846 Owned by First Hawaiian.

2. Paradise Court A, Lihue. 2 bedroom 2 bath condo in need of some TLC $156,900. MLS#260790. Owned by Fannie Mae.

Sold Listings:

Kauai_Beach_Resort_Kauai Beach Resort

1. Kauai Beach Resort Unit 2538, Lihue. Studio condo 5th floor ocean view.MLS 260980. Foreclosed on by Central Pacific Bank. Bought at foreclosure for $45,643 plus $5511.00 in back HOA fees. Sold 2/8/13.

The REO market has been slower. I did take the opportunity to try and buy something for myself. I called an IRA company that specializes in holding real property instead of more liquid assets. I  saw the foreclosure notice for Kauai Beach Resort 2538 and was the only bidder besides the bank. The court confirmed the sale and my IRA now holds a Kauai Beach Resort unit. Although I have bid before at a foreclosure sale this is the first time I was successful in purchasing. It has been a fun and hopefully profitable experience.  Bidding at a judicial foreclosure is a relatively safe process as the foreclosure commissioner does not work for the bank but rather the court. Most commissioners are local attorneys who are helpful in trying to find a non bank bidder. I hope to explain the foreclosure bidding/buying in more detail in future blogs. I also want to discuss having an IRA that holds real property but not yet. I want to learn more about it first.

All available properties with MLS numbers can be plugged into my website at www.kauaidreams.com for more info and pictures. Or feel free to call 808 652-6174 or email me at julie@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 atwww.kauaidreams.comSearch Kauai Property at www.kauaidreams.com Search Kauai real estate at www.kauaidreams.com

 Kauai REO, Kauai Foreclosures, Hawaii REO, Hawaii Foreclosures. This blog is the update to the January 1, 2013 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)

Posted by

CLMHS CRS GRI Realtor/Broker/Owner Kauai Dreams Realty 

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Topic:
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Hawaii Kauai County Lihue
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Hawaii Real Estate Professionals
Posts to Localism
REO
City and State
Tags:
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kauai foreclosures
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Rainer
307,714
Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor
South Florida Estate Homes Inc - Weston, FL
South Florida Estate Homes Inc.

Julie

Thanks for this important housing info for kauai. Good to see real estate activity is picking up and you still have some great deals out there.

Feb 11, 2013 07:59 PM #1
Rainmaker
227,826
Debi Braulik
www.roundrealestate.com - Maple Valley, WA
Selling Maple Valley to Fife WA Homes For Sale

Congrats on your winning bid! I'd love to get some information on the IRA company you use. 

Mar 20, 2013 03:09 PM #2
Rainmaker
381,960
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

Thanks Jacob.

Hi Debi: The company I used is New Direction IRA. They have a brance office in Hawaii but their main office is in Colorado.

Mar 21, 2013 08:09 AM #3
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Rainmaker
381,960

Julie A. Black

CLHMS, CRS, GRI, Realtor, Broker
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