This week’s Kauai Foreclosure Update – April 14th, 2009

Posted on April 15, 2009. Filed under: Kauai Foreclosure, Kauai Great Value Properties, kauai REO, Lihue Foreclosures |

Here are some graphs demonstrating the foreclosure activity island-wide for Kauai, along with a few Kauai foreclosure home updates.
1. Purchase this property¬† in Lihue for as little as 3% down! This property is approved for HomePath Mortgage and HomePath Renovation Mortgage financing. I have HomePath lenders available for you. This Fannie Mae owned “REO” property is sold “as-is” with no seller’s disclosure.

4119 Aheahe Place in Lihue - Close to Costco and Home Depot

4119 Aheahe Place in Lihue - Close to Costco and Home Depot

This home has a large den and full bathroom downstairs, and a living room, dining room, kitchen, three bedrooms and two full bathrooms upstairs. The interior of this home is in fantastic condition for a foreclosed home. Close to schools (KHS and CKMS), Kukui Grove Mall, Costco, Kalapaki Beach, Kauai Marriot, Harbor Mall, and all the conveniences of Lihue. This is a Kauai Fannie Mae REO home listed at $485,000.

2. Unit C409 at Pono Kai is now listed at $472,900. Ya gotta go back almost two and a half years for the last 2 BR/2 BA sale which was at $600,000. Countrywide Kauai Foreclosure!! Great ocean views, hear the surf whispering at your feet. Comes with all the vacation rental furnishings. New flooring, paint and windows are now going into unit!! Free appraisal & credit report if after being pre-qualified with Countrywide you chose to use Countrywide as your lender.

Pono Kai C209 - Oceanfront in Kapaa - Pools/Putting Green

Pono Kai C209 - Oceanfront in Kapaa - Pools/Putting Green

3. Question: When is a foreclosed kauai property not the best deal on the block. Answer: When you have a truly motivated seller. That’s what you got here. It’s the least expensive one bedroom condo with full kitchen on Kauai. Not a hotel room. Listed at $169,000 and seller says, “Make an offer!”. If you buy this 1 bedroom Plantation Hale unit for $140k for cash, it has the potential to earn 4 to 6% on your money. You can afford to own a condo on Kauai, can’t you!

Pono Kai C209 - Oceanfront in Kapaa - Pools/Putting Green

Pono Kai C209 - Oceanfront in Kapaa - Pools/Putting Green

4. OK, so this unit is in foreclosure but may be purchased as a Kauai short sale. But talk about value. Here’s a newer townhome, built in 2005, with a 2-car garage that is coming on the market at the Villas at Puali for the mid 300’s. Make an offer in the 200’s and get something practically new with a 2-car garage. Email me for the details on this short sale- pre foreclosure on Kauai opportunity.

Modern Townhome with 2-car garage - in Puhi

Modern Townhome with 2-car garage - in Puh

April Foreclosure Filing Activity on Kauai

April Foreclosure Filing Activity on Kauai

Here’s the latest activity of Foreclosure filings on Kauai by areas for the first half of April. You can see there is less foreclosure activity on the south side of Kauai.

Kauai Foreclosure rates compared to State and Nation

Kauai Foreclosure rates compared to State and Nation

On the right is a comparison of percentage of Kauai Foreclosures to both the Hawaii state average and the national average. The numbers on Kauai are below the national average but our numbers are still rising. Looking for a list of the latest foreclosure listings , both properties in pre-foreclosure and properties that have auctions scheduled, request your desired area of the island of Kauai¬† and I’ll email you a spreadsheet of opportunities.

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