I recently read an article in the Los Angeles Times entitled “Professional Investors Move into Flipping Foreclosed Homes.” It indicated that investment groups have been going to the courthouse steps to purchase foreclosed properties, consisting primarily of private equity funds and groups of wealthy individuals.
The investment groups then refurbish the homes and quickly try to flip them for a profit. This appears to be a risky way of purchasing properties as often times the buyers/investors do not know what condition the property is in, and often times, as the homeowner is still living in the home, the buyer is forced to pay the original homeowner to leave—a dynamic known as “cash for keys.” Read entire post →
The registration deadline to bid at auction for this Kuki’o Foreclosed luxury home is rapidly approaching. If you want the opportunity to purchase this estate at auction, you must register by August 31, 2010.Read entire post →
My favorite deal of the week is this astonishing gated community home (MLS# 236259) located in the lowest-priced condo in the Golf Villas, located in the prestigious Mauna Lani Resort. At $349,900, this 2 bed / 2 bath offers 1100 square feet of living space and a one-car garage. Talk about upgraded, this home’s roomy kitchen has it all; granite counter tops, stainless steel appliances, tile flooring, crown molding and an island bar! Entertain your guests on the pleasant lanai complete with an outdoor barbeque. Read entire post →
Fantastic opportunity to own a huge condo for very little money.
This Kaanapali Royal REO (MLS# 344541) is priced at $309,900. Located in F building ,#302, which is the top floor. The lowest sold comp here was $490,000 a few months ago. This unit is geared toward an owner occupant. The bank is only taking offers from owner occupants for the first 16 days and then it will be opened up to investors. Read entire post →
This contemporary 2 story home has pleasant horizon views
This 3 bedroom, 2 and half bath home, with a 2 car garage (MLS# 237275) in Kamani Trees is not to be overlooked. Priced at $294,900, with a little TLC and water to the landscaping, in a short time you could have your friends over to enjoy the cookouts from your backyard lanai.
Kamani Tree’s is located in Kona town and close to the beach. My favorite beach is Laaloa Beach Read entire post →
This week on Kauai 5 properties were reverted back to the lender on the courthouse steps. Approximately 30 auctions were postponed til dates in August and September. 12 new listings are distressed properties. The distressed property market is primarily composed of two things:
REO (Real Estate Owned) – These properties have already been foreclosed on by the lien holder, assigned to an asset management company, and relisted with an REO agent.
Short Sales – these properties may or may not be in foreclosure but the proceeds of the sale will be less than what is owed to the lienholder and thus require lienholder approval.
Two of the best North Shore values that just listed are in Princeville proper, where an owner can have a legitimate vacation rental. Princeville is sanctioned by the county of Kauai for this purpose since it lies within the VDA (visitor destination area).
8th hole of Prince Course from Villas on the Prince
Villas on the Prince – Unit 30
This 3 bedroom, 3 bath townhome (MLS# 237228) looks out at the Hanalei mountains and overlooks the world renowned Prince Golf Course. This is a short sale with Bank of America and is listed at $579,000. Remember, the pricing requires lienholder approval so it may sell for more than this in the end. The unit is in clean shape and is unfurnished.
5141 Kapiolani Loop
This single family home ( MLS# 237229) is probably the best value for a home under $600,000 in Princeville. It features 5 bedrooms, including two upstairs with spacious lanai and pretty mountain views. The practical laminate flooring is easy to maintain in Kauai and there is a great garden and backyard that can keep you busy if you nurture it. Priced at only $549,000, this home must be sold within two weeks. Read entire post →
Located in Holualoa, down a private road this home or should I say homes is full of possibilities.
This is a fixer, but with a little TLC you could make this once ideal home into your perfect retreat
The main house has 3 bedrooms, 2 baths & a loft, with high cedar ceilings. The guest cottage has 1 bedroom, 1 bath. All for $352,690 (MLS# 236673).
The current assessed value is at $508,700—the asking price is 30% off fo this! Once you have repaired this home, you too will enjoy relaxing by the pool and hot tub, all while taking in the breathtaking Kona sunsets.
The historic village of Holualoa sits on the western side of Mt. Hualalai and is at a cool 1300 foot elevation. In the village you will notice it has many art galleries that show cases the work of many local artists, restaurants, cafes, deli’s, a post office, and Paul’s general store. Be sure not to miss out on your favorite coffee farm and sample the rich taste of Kona coffee.
Wailea Pualani Foreclosure is listed for over $500K less than comparable properties.
This Wailea foreclosures is listed way below comparable properties in the area
One of the newest communities in the master-planned Wailea district, Wailea Pualani consists of 92 custom-designed homes on 32 tropical, well-landscaped acres of prime Maui real estate. With gated access and a private 2.5 acre recreational park, residents enjoy privacy and a small-community atmosphere.
And for those looking to purchase in Wailea Pualani, a recently listed REO (MLS # 343841) offers an amazing opportunity. Listed at a $928K, this is by far the lowest priced home in Wailea Pualani Read entire post →
If you have ever dreamed of living on a golf course, and near the pool, then this REO condo (MLS# 236499) might be your dream come true. When you first step in you will notice the two over-sized sliding glass doors leading you outside to the covered lanai. The grill is waiting for your fresh catch of the day to share with your friends and ohana (family). With 1,361 of living square feet, the asking price of this 3 bed / 3 bath is $349,900. You can purchase this home for as little as 3% down, as this property has been approved for HomePath Mortgage Financing. Read entire post →
