Bank of America Loan Modification Representatives Now In Hawaii

Cheryl Gillotti, RS — Tue, 26 Apr 2011 22:25:42 +0000

Run, don’t walk!

REO in Ewa Beach (MLS# 1103026)

This is for anybody in Hawaii who has a home loan with Bank of America and has become delinquent in their mortgage payments, or have requested, been denied, or are in the process of a loan modification.

Representatives from Bank of America have arrived and will be on Oâ€˜ahu for 4 weeks, the Big Island for 2 weeks, Maui for 2 weeks, and then Kauaâ€˜i for 2-3 days to meet with the customers. You MUST make a appointment to meet with the representatives, so please call 855-201-7426 A.S.A.P.

Earlier this month, federal regulators came down on 14 mortgage services for improper foreclosure processing. In Hawaii, the foreclosure complaints target Bank of America by more than 30 percent according to the Honolulu Weekly article “The Foreclosure Fiasco.”

All mortgage services need to roll up their sleeves and get to work by doing the right thing by helping families save their homes. Bank of America is not the only lending institution at blame for all the mortgage foreclosures, but they are the largest bank and their representatives are in Hawaii right now.

There are many properties on Oahu that are already foreclosed and bank owned (REOs). If you would like an updated list of foreclosed properties on Oahu, and receive daily email alerts as new foreclosures come on the market, contact me, Cheryl Gillotti at 808-721-8987.

Could Oahu use another 12,000 Homes?

David E. Buck, R, BIC — Tue, 01 Sep 2009 00:01:06 +0000

This past Friday, the State Land Use Commission voted against DR Horton’s proposal to build 12,000 new homes on the Ewa plain between Waipahu and Kapolei. The project, named Ho’opili would be the largest project since Mililani in central Oahu by Castle and Cooke, which just completed last year after 40 years of development. It’s also said to be similar size in scale to Hawaii Kai in east Oahu. There are two arguments to the development:

Pros: It would be great for the island in that it would tie in to the Mayor’s proposed rail project and spur the economy with job creation & keep or lower housing costs
Cons: The proposed area would displace one of Oahu’s largest farming areas. This is a section that is zoned Agriculture and is vital to Oahu farmers. There has been a lot of buzz lately about “sustainability” building these 12,000 home would kill that idea, create more traffic & cause property values to plunge even more for current owners…

Both are valid arguments. There is obviously a need for more affordable housing, yet what price do we pay? This saga is not over in that DR Horton can petition again once they get their ducks lined up in how they will go about the development in phases. They argued that over the 20 year span of the development, the farmers will “gradually” be displaced. Only time will tell..

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Bank of America Loan Modification Representatives Now In Hawaii

Could Oahu use another 12,000 Homes?