Kauai Foreclosure REO Update
The newest Bank owned REOs , listed by Kauai Dreams Realty, on the market are:
#2. 1236 Milia St, Kakela Makai subdivision in Kalaheo. MLS#213866. $249,900.
Originally listed at $278,900 IndyMac reduced it to sell.
Other listed REO properties with Kauai Dreams Realty.
#1. 5261 Laipo Road, Kapaa. MLS#213299 $357,000.
This 3 bedroom 1 bath home on a lot of 9614 sq.ft. fell out of escrow and is available again.
#2. 4062 Blackstad Road (off of Koloa Rd) Lawai MLS#213597 $689,900
3 dwellings on this 1.28 property that need ALOT of work, but what a deal!
Upcoming REOs with Kauai Dreams Realty (not yet listed)
#1. Kauai Beach Resort (Hilton) #1331 Ocean view 3rd floor studio condo unit.
#2. Elika Place 3/2 home in Kapaa. Upgrades, worth looking at.
#3. Moa Road, Kapaa. Craftsman home not yet completed.
#4. Royal Drive, 2 homes on the rim of Wailua-in eviction process.
Listed Countrywide REOs: As per my last blog prediction Countrywide has reduced their price on their 3 current Kauai REOs.
#1. Kuhio Shores at Poipu MLS#213644 $704,900.
#2. 4272 Kailewa St, Hanamaulu, MLS#212729 $409,900.
#3. 4433 Kilauea Road, Kilauea, MLS#213506 $416,900.
Other Active Kauai REO’s:
#1. 5309 Kualono St, Kapaa 3/2 home MLS#207359 Reduced to $339,900.
#2. Kauai Beach Resort (Hilton) #2304 MLS#209739 Reduced to $224,900.
#3. 2469 Keneke St, Kilauea, large home, MLS#211611 $589,500.
The banks I am dealing with are responding to offers almost immediately unlike short sales. However in general the banks are slower to approved the HUD closing statement needed to close mostly due to their unfamiliarity of Hawaii’s HARPTA laws. But as always if you have any questions be sure to email me at julie@hisemail.net
Aloha Julie
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