More Hawaii REOs Coming on Market – National Mortgage Settlement
Foreclosure Abuse Settlement
49 out of 50 states agreed to the $25 Billion settlement with five of the nation’s largest banks to address abuses in mortgage loan servicing and foreclosures. The settlement did bring clarity to one major issue–foreclosures.
What This Means
Banks have been holding off the foreclosure process on millions of homes over the last 18 months as they waited for the particulars of the settlement. They now know how they can move forward without penalty.
The result will be an increase in foreclosures coming to the Hawaii housing market.
More About the National Mortgage Settlement
There are a lot of conflicting opinions as to where housing prices and inventories are headed. Follow this link to an interesting graph on the states with the largest backlog.
Year-round golfing makes Hawaii a golfer’s paradise, and Kauai has its share of great golf courses. The Puakea Golf Course is one of Kauai’s ten golf courses. Situated in the town of Lihue, it is approximately 5 minutes from the airport. Designed by Robin Nelson, Puakea officially opened as an 18 hole golf course in […]
Once upon a time long, long ago when I began selling real estate on Kauai’s north shore, I thought that everyone that could afford to buy home with an ocean view would choose to do that over any other option. I was wrong. On Kauai, and in Princeville, not only do we have ocean views, […]
Word on the Coconut Wireless on Kauai’s north shore is all about the expansion and affordable housing project in the Princeville Center! The Princeville Center’s affordable housing is called Kolopua at Princeville. Kolopua at Princeville will have approximately: 44 one, two, and three bedroom rental apartments 3.5 acres on the makai side (ocean side) of […]