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Kauai Real Estate Pre-Foreclosure Short Sales
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What is a Pre-Foreclosure Short Sale?
A Short Sale is a special transaction that allows a homeowner to sell their home, even when the mortgage debt is higher than the value of the property. As a trained Short Sale Specialist, I negotiate directly with the lender to reach an agreement that leaves the homeowner free and clear of mortgage debt. A Short Sale will help the homeowner:
- Avoid Foreclosure
- Avoid Bankruptcy
- Protect Credit Score from "foreclosure" ding
- Be free of financial & emotional burdens
If you or anyone you know might be facing difficulty with their lender, please have them contact me right away. There are options available including a Short Payoff with the lender which can preserve your good credit. Contact me right away for a free consultation. Knowledge is power! I specialize in Kauai pre-foreclosure prevention. However, I am part of a Nationwide network of Short Sale professionals and can refer you to an expert in your area.
Buying a Short Sale property requires patience. Sometimes the banks are overworked, and slow to respond. It's important that you have a good agent working with you to provide complete market updates, analysis and insight as to the property's current value and market indicators for that area. I am part of a Nationwide Short Sales Specialist Certification program, and have the inside knowledge, connections and tools to ensure a successful transaction. Contact me right away for inside tips on Kauai Short Sale properties. |
Click on Listing Hotlist - updated every Monday.
ALL Kauai Short Sales properties on the MLS, including those that have just gone into escrow.
- This weekly report has active linking ability.
- Click on the MLS number or camera icon to get full details and additional photos.
- For a printable listing with photos, enter the MLS number in my Properties page.
- Detailed Market Report gives you detailed pricing, days on market and sales data.
- Be sure to sign up for my eNewsletter.
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Featured Short Sale Properties |
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3881 Albert Road, Princeville
Listed for $689,000. MLS 200685 3 bd / 2.25 ba single family home in one of the best areas of Princeville. Walk to Queen Emma's Bath. Snorkeling beaches nearby. Time tested real estate advisors always say - "buy the lowest priced home on the best block." This is it! Homes on Albert Road usually sell for over $1M! |
3695 Kaweonui Rd, Princeville
Listed for $899,000. MLS 214146 Rare 4 bedroom, 3 bath floor plan. It's hard to find a 4 bedroom home in Princeville - and impossible at this price! Two Master Suites, one upstairs with private bath, lanai and views. Outdoor lanai offers Hawaiiana lifestyle with spa and retractable awning. County approved Hurricane Shelter offers additional living space and tax benefits! Email me for details on the owner's loan amount and terms.
1649 Malakia St, Kapaa
Listed for $420,000 - just reduced! Current owners paid $675,000 in October 2005. Two units - live in one and rent out the other, or use as investment opportunity. Upper level has 3 bd / 2 ba, and lower level is separate studio. Many upgrades including granite counter tops and new berber carpet. Won't last at this price. Make an offer today! | |
Valuable Links and Resources:
The Mortgage Forgiveness Debt Relief Act of 2007, signed by President Bush, protects American families from paying Higher Taxes when they refinance their home. It also gives homeowners a 3 year window to refinance their mortgage and pay no taxes on any debt forgiveness they receive. Prior to this Act, if the value of your house declines, and your bank or lender forgives a portion of your mortgage, the tax code treated the forgiven as income that can be taxed.
"When your home is losing value and your family is under financial stress, the last thing you need is to be hit with higher taxes." President George W. Bush, September 1, 2007
When facing a possible Short Sale or Foreclosure, it's very important to consult a CPA or Attorney for advise about your particular situation. If you need a referral, please contact me.
Nationwide Short Sale and Foreclosure Help - If you're stressed or worried about your loan, this short sale website has invaluable consumer information and resources to help any owner who may be facing a crisis with their loan. They are a neutral third-party, who can help you negotiate with your lender.
ABC News article "Facing Foreclosure -'Short Sale' can Help" highlights the benefits of a Short Sale if facing possible foreclosure, and the importance of working with an agent who specializes in Pre-Foreclosure Short Sales. | |
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www.ActiveRain.com is an online community focused on real estate topics, resources and experts. A variety of groups focus on helping consumers to Stop Foreclosure, and learn about Short Sales as a positive option to get out from under an upside down loan. Surf the blogs, and you will find many, many helpful posts. A couple of groups to check out are:
- Stop Foreclosure - A place for homeowners who currently are in, or may soon be facing, foreclosure on the mortgage for their principal residence (personal home). Providing information, assistance and advice on how to survive this very difficult time. How/Where to contact competent real estate Attorneys, REALTORS, and Foreclosure Counselors. (Please Note: Homeowners in mortgage foreclosure are STRONGLY encouraged to retain the help of a competent real estate attorney)
- Short Sale Specialists and Pre-Foreclosure Education - This short sell and pre-foreclosure assistance group is intended to be a platform for sharing information that will educate real estate professionals and homeowners in the proper techniques of successfully executing a short sell transaction.
- 10 Crucial Steps to Short Sale Buying is a great article that just came out in the FrontDoor Unlocked Newsletter from HGTV. Subscribe here. For experienced assistance in both buying and selling short sales, feel free to contact me.
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