Kauai Real Estate REOs & Foreclosures

Many Sellers in financial straits have become informed and are now listing and selling their property via a short sale. This is where the lender or Bank agrees to a sales price often less the the amount of the loan on the property. This can be a win win situation for both the bank(as they do not have to spend their time, resources on foreclosure) and the property owner (as a short sale may not be as devastating on a credit report as a foreclosure). However banks may take months to respond to a presented short sale and may not agree. If a buyer has the patience this can be away to purchase a property at current market prices as many home owners on Kauai are not yet willing to drop their prices to the current market levels.

Kauai’s Current REO’S:

Upcoming REOs with Kauai Dreams Realty: Photos are above subject address
#1. Kaahele St, 3/2 home in Wailua Homesteads Kapaa.

#2. Elika Place, 3/2 home in Kapaa.

#3 Moa Road, Unfinished craftsman home in Kapaa

#4. Kakela Makai, Vacant lot with ocean views in Kalaheo.
#5. Mauna Ikena, 2/1 home large lot in Kapahi.
#6. Royal Drive 2 homes on the rim in Wailua Homesteads.
#7. Laipo Road, 3/1 in Kapaa. To be listed shortly.
#8. Blackstad Road, 2 fixxer homes on over an acre in Lawai.

In escrow REOs:
#1. Puamana #26, Princeville listed for $319,900. Cash offer over listed price.
#2. Hale Lani condo Lihue. Listed (with another broker) for $254,900.
#3. Islander on the Beach #168 Listed (with another broker) for $200,000.

REOs still listed with other brokers:
#1. Kauai Beach Villas #2304 reduced to $254,900.
#2. 5309 Kualono St, Kapaa 3/2 home $379,900.
#3. 2469 Keneke St, Kilauea 4/2 home $634,500.

In general I foresee the REO inventory peaking this year for single family homes. Condo REO inventory will probably increase and peak next year especially in the lodging type condos such as Kauai Beach Villas and Islander on the Beach.

You can email me with any questions or inquiries you may have. If you sign up for my email list you will know the prices of any upcoming Kauai Dreams Realty REO before it hits the MLS. Aloha Julie julie@hisemail.net

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