Comments on: Buyers Succeeding in Kauai Short Sales

By: Ron Margolis

Ron Margolis — Sun, 30 Aug 2009 22:06:45 +0000

Right you are Beth. PLUS, the laws changed and the buyer could be responsible for up to $3600 in delinquent HOA fees if they exist. On Kauai, most of the HOAs are foreclosing for $1 quite quickly, then attempting to rent the unit until the bank forecloses, thus reclaiming some of the $$$ they are in arrears from the lack of HOA payments. Interesting times…

By: Beth Thoma Robinson, R(S)

Beth Thoma Robinson, R(S) — Sun, 30 Aug 2009 21:19:10 +0000

Very informative post, Ron. Our Hawaii Life team on the Big Island has also been successful on both sides of short sale transactions. I’d like to add that if someone is considering buying a condominium as a short sale, the Seller is also most likely behind on their homeowner association dues. You would be surprised how many short sale listing agents fail to open a conversation with the HOA representatives, who will also have to be satisfied along with the lender.
Aloha
Beth Thoma Robinson R(S)

By: Josh - Foreclosure Industry

Josh - Foreclosure Industry — Wed, 26 Aug 2009 04:53:26 +0000

Great post on Short Sales. We are having success here in CA as well. Keep up the great work.