http://www.hawaiilife.com/articles/2009/10/foreclosures-and-short-sales-at-hualalai-resort-big-island-of-hawaii/ Hawaii Real Estate Market & Trends Fri, 10 Feb 2012 07:03:08 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.hawaiilife.com/articles/2009/10/foreclosures-and-short-sales-at-hualalai-resort-big-island-of-hawaii/comment-page-1/#comment-6926 Deal! – Price Reduction on Luxury Ocean View Condo at Hualalai Resort « Hawaii Real Estate Market Fri, 12 Nov 2010 19:19:43 +0000 http://www.hawaiilife.com/articles/?p=3046#comment-6926 [...] at Hualalai Resort, home of the Four Season’s Hotel, was $1.295 million, (MLS# 223930), for a short sale condo. If you wanted to avoid the complexity of a short sale you would be looking at purchasing the condo [...] [...] at Hualalai Resort, home of the Four Season’s Hotel, was $1.295 million, (MLS# 223930), for a short sale condo. If you wanted to avoid the complexity of a short sale you would be looking at purchasing the condo [...]

]]> http://www.hawaiilife.com/articles/2009/10/foreclosures-and-short-sales-at-hualalai-resort-big-island-of-hawaii/comment-page-1/#comment-1508 Katie Minkus, R(B) Wed, 28 Oct 2009 18:01:47 +0000 http://www.hawaiilife.com/articles/?p=3046#comment-1508 Aloha, Erik. If memory serves correctly, the original asking price on the auctioned-off house was around $12M, then dropped through to about $10M before the developer was foreclosed upon. Then, interestingly enough, the bank that foreclosed on the property went out of business and was taken over by the FDIC. If you look on the TMK, you can see the FDIC was "owner" of the property for a short time. We certainly don't see THAT every day!!! So the $4.6M price paid at auction was even more drastic than it seems. In fact, I think the house cost the developer around $8-9M to build, so those buyers got a STEAL! Which is great because they may need the extra money to pay for Hualalai homeowners fees!! Hee. Aloha, Erik. If memory serves correctly, the original asking price on the auctioned-off house was around $12M, then dropped through to about $10M before the developer was foreclosed upon. Then, interestingly enough, the bank that foreclosed on the property went out of business and was taken over by the FDIC. If you look on the TMK, you can see the FDIC was “owner” of the property for a short time. We certainly don’t see THAT every day!!! So the $4.6M price paid at auction was even more drastic than it seems. In fact, I think the house cost the developer around $8-9M to build, so those buyers got a STEAL! Which is great because they may need the extra money to pay for Hualalai homeowners fees!! Hee.

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