Hawaii Foreclosure, short sales and REO
Updated Oct. 9, 2013
Aloha from Kailua Kona on the Big Island of Hawaii. With recent headlines (last week) stating that Hawaii Foreclsoures are up over 174%, it has drawn a lot of attention to the great deals going on. Even better, are the short sales . I have seen the exact same home in a subdivision sell for $60,000 less than an REO. Its...

Kailua Kona Home Sales buck National Trends
Updated Oct. 9, 2013
Still bucking the Real Estate Industry trend - 2011 vs 2010 - All 3 areas of sales, are up at least 20% according to the Hawaii MLS statistics. More interesting than that were last years numbers - Home sales 2010 over 2009 were up 75% - Condo Sales for the same time frame - up 100%. (land sales were down) And don't...

Kailua Kona Home Sales - What is selling?
Updated Oct. 9, 2013
OK, I always like to take a look at what sold, at what price, and why. So here we go.. Home Sales. Kailua Kona Hawaii, short sales, foreclosures, REO, and even regular sales. . Total Home Sales: 42 - Up 20% over 2010 . Foreclosures, REO: 14. Short Sales: 4. Cash sales: 17 . $140,000. - $200,000 = 2. $201,000 - $300,000 = 6. $301,000 -...

Act 48 - Hawaii's new Foreclosure law
Updated Oct. 24, 2014
Act 48, Hawaii's new Foreclosure law - will it help homeowners or hurt them in the long run? I just wanted to bring a few things to light about it.Glass Half Empty: The banks are going to close up office and stop doing loans in Hawaii, it's going to drive down property values, 80% of foreclosures are...

Act 48 Hawaii - Fannie Mae finds loophole and converts all foreclosures to "Judicial"
Updated Oct. 24, 2014
Hawaii Act 48:. It sure didn't take long for someone to find the first loophole in Hawaii's new Act 48 - designed to help homeowners in foreclosure. And wouldn't you guess, its Mortgage Giant Fannie Mae -You really need to have an understanding of what Act 48 was designed to do, and how this affects...

Vista Waikoloa Condominium Complex - an entire community in distress?
Updated Oct. 24, 2014
Vista Waikoloa Condominium Complex, has a surprising amount of Foreclosures and Short Sales.. In fact, the Association Of Apartment Owners (AOAO) has foreclosed on 7 units alone, now operating 6 of them as rental units. (according to public records - AOAO owned units - A103, A204, B105, B106, D103, E203) F201 was...

Condo Sales in Kailua Kona, Hawaii - who is buying what?
Updated Oct. 9, 2013
January 3, 2012 - Interview with Kailua Kona Realtor Lance Owens (RS) Aloha Kona Realty Inc. Ok we all know 2011 was a good year for Real Estate Recovery in Hawaii, but every now and then I like to break it down and see who is buying - what? And it always surprises me, along with many of my readers. So I took November 2011...

Kona Home Sales Show Uptick as Year Ends, Positive Outlook for 2012
Updated Oct. 9, 2013
Note: I worked with Julie Ziemelis on this, and with her permission I posted this directly from her blog - 365Kona Note from Julie Z: I am helping the West Hawaii Association of Realtors with information about the housing market in West Hawaii. I wrote this story for the Association and wanted to share it here for my...

Mortgage Forgiveness Debt Relief extended
Updated Oct. 9, 2013
Homeowners can relax a little again; Congress has included an extension of the Mortgage Forgiveness Debt Relief Act in an eleventh hour bill to avoid a possible fiscal cliff crisis. The Act was scheduled to expire on December 31, 2012, but has been extended, in the American Taxpayer Relief Act- until December...