Kauai REOS for Sale:

1. 4929 Wailapa Rd, Kilauea. 2 bedroom/office 3 bath home on 2.8 acres. MLS#287403 $875,000. This one went to a sales auction with home search.com. It sold for much less then it’s worth. Contracts are not yet signed but it appears to be to late. Owned by Bank of America.
2. 4499 Kawailoa St, Kekaha. 4 bedroom 1.5 bath home. MLS# 287537. $309,000. Owned by Dynasty Coachwork International.
3. Poipu Crater #13, Poipu. 2 bedroom 2 bath condo owned by Fannie Mae. MLS#287082, $454,900. Owned by Fannie Mae.
4. 4171 Palikea St, Hanamaulu. 5 bedroom 3 bath home. MLS#287096. $444,900. Owned by Freddie Mac.
5. Kalapaki Villas #204, Lihue, 2 bedroom 2 bath condo. MLS#285181. $254,900. Owned by Fannie Mae.
6. Islander on the Beach #140. Studio Condo with bar sink area. MLS#285570. $167,500. Owned by Central Pacific Bank.
7. 5237 A Laipo Rd, Kapaa 3 bedroom 2 bath CPR home. MLS#285565. $ 365,000. Owned by US Bank National Association.
8. 137 Kahiko St, Wailua Homestaeds, 4 bedroom 3 bath home. $655,500. MLS#286506. Owned by Deutsche Bank National Trust.
9. Waipouli Road, Golden Pond, Kapaa. 2.04 acres of AG land. A hillside lot. MLS#277976. $262,000. Owned by Federal Land Bank Association of Hawaii. They will finance a qualified buyer.
10. 4670 Pelehu Rd, Kapaa. 2 homes on 1/04 acres with ocean view. Fixer. MLS 285811. $554,900. Owned by Fannie Mae.
11. 6477 Opaekaa Rd, Wailua Homesteads. 3 bedroom 1.5 bath home. MLS#287425, $470,000. Owned by Fannie Mae.

Kauai REO in Escrow/accepted offer:

1. Sandpiper at Princeville 220. 2 bedroom (plus enclosed loft) 2.5 bath unit with high ceilings. MLS#285606. $348,500. Owned by US Bank National Association.
2. 4030 Pali Moana Pl, Kilauea. Seacliff Plantation Lot 10 Unit 3. Over 5000 sq.ft. on 2.5 acres. MLS#285747, $931,900.
3. Alli Kai At Princeville #1203, Princeville. 2 bedroom 2 bath condo. $425,000. MLS#283040. Owned by Redding Bank of Commerce.
4. 4670 Pelehu Rd, Kapaa. Multi Dwelling on 1 acre with awesome (ocean) views. MLS#285811. $554,900. Owned by the Bank of New York Mellon.
5.  3428 Elima St, Lihue 3 bedroom 1.5 bath home $469,900 MLS#282997. Owned by Fannie Mae.
6. Hauaala Road, Kapaa. Vacant CPR Lot of 18513 sq.ft.. MLS#278327. $197,000. Owned by Kauai Community Federal CU.
7. Waikomo Stream Villas #530, Poipu. This is a 2 bedroom 2 bath top floor unit with open beam ceilings. It needs some remodeling. MLS#280055. $362,900. Owned by Bank of America. (awaiting clear title)
8. Waipouli Rd, Kapaa. 5 bedroom 4 bath bamboo house  on 3.81 acres. MLS#279048 Reduced to $669,700. Owned by Freddie Mac.
9. 1214 Nohea St., Kakela Makai Subdivision, Kalaheo. This is a 4 bedroom 3 bath clean home with ocean view. $799,900. MLS#285229. Owned by Fannie Mae.

Sold Kauai REO for July 2015: 

1. Kulana 15E, Kapaa, New 1.7 acres in the Kulana subdivision/condominium project. Reduced $79,900. MLS#281043 Owned by Bank of America. Sold for $79,900 Cash 8/28/15.
2. Waipouli Rd, Kapaa. 5 bedroom 4 bath bamboo house  on 3.81 acres. MLS#279048 Reduced to $589,000. Owned by Freddie Mac. Sold for $489,000 cash 8/27/15.

I can’t believe how cheaply the Wailapa Road house sold at auction. I also can’t believe how many people called or emailed me about it after the auction. For some reason this one servicer for Bank of America sends all their properties to auction. The next property I have being sent to the Homesearch.com auction site is 4131 Waiahi Street in Hanamaulu. Its a single family 3/1 home. I have 10 properties in my REO queue that are not currently listed. This is the most I have had since the peak of the REO market a few years back.