Having watched the Diamond Head Real Estate market like a hawk the last 10 years, it’s seldom I see an REO, or Bank Owned Property for Sale. 3006 Pualei Circle #103 (MLS# 1014167) is listed for $324,900 A new listing recently popped up at the Gregg Apartments in Pualei Circle. For those of you that [...]
The newest short sale negotiation strategy of a second, or junior lien holder, in their quest to obtain the maximum return on their debt is to offer a waiver of deficiency language in exchange for cash, or promissory note from the sellers at close. These Jr. lien holders, which are most likely to receive a [...]
Once again I am getting ready to present a couple of seminars entitled, “Home Retention 101,” for Kauai homeowners. The sessions are this Monday, November 1st at 3 p.m., and 7 p.m. at the Courtyard by Marriott in Kapaa (formerly the Aston Kauai Beach at Makaiwa). In the spirit of Halloween, I was thinking that [...]
Kauai Foreclosure Update for the week of October 24th – 31st This week on Kauai, 4 properties were reverted back to the lender on the courthouse steps. 3 auctions were canceled and SIXTY auctions were postponed. Is this a reflection of some of the foreclosure freeze news? One can only guess, but perhaps. 11 new [...]
Short sales & REO’s rule! Current Inventory at Alii Lani The numbers are in, there are currently 13 condos for sale in Alii Lani; 7 are short sales, 2 are REO, all ranging in price from $149,000-$249,000. 11 are currently contingent, or under contract. This means there is an accepted offer, and they are waiting [...]
Growing up in Tucson as a young boy with my four brothers, I fondly remember our visits to what we all called the “used bread store.” Feeding five boys as a widow must have really been challenging for my mother, Janet, but we never had a clue. Food was something we were always delighted to [...]
The possibility of finding a deal on Hawaii real estate is now on the rise. Hawaii Statistics Hawaii ranks 9th in the nation according to www.realtytrac.com & www.bizjournals.com on the number of bank foreclosure actions compared to third quarter 2009. Big Island & Maui County have the largest increases, with more than double on the [...]
I recently wrote about the top choices in luxury big island real estate listings, but I missed one best buy opportunity. Notice was given in West Hawaii Today that an oceanfront Hawi property, previously on the market for a cool $17 million, is due to be auctioned off later this month with no upset price. [...]
Is a pick up in home sales bringing hope for the big majority of Waimea sellers? This Frank Lloyd Wright Taliesin design (MLS# 233216) is in escrow listed at $999,900 September sales for the Big Island’s town of Waimea (Kamuela) showed the green side of town outselling the dry side  3 to 1. Overall, the [...]
In comparison to Maui homes and condos there are not nearly as many REO listings for vacant land. The Stice Team introduces our newest listing, 275 Kama St. (MLS# 345367), an all useable residential bank owned lot. It is by far the lowest priced listing in the entire neighborhood and one of the best values in [...]
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