This is my monthly Kauai foreclosure, Kauai REO & Kauai bank owned list. It is updated monthly.

     Upcoming Kauai Foreclosure: 

Villas of Pualii #87

          1916 Hokulei Place:  Villas at Puali Apt. 87, Lihue, HI

                    A three bedroom, 2 bath  apartment, living area 1,392 square feet. (this is an old photo)

                                                                          Auction Date:  04/01/22                                                                     

OPEN HOUSES:  03/18/22 & 03/19/22 from 2pm to 5pm.  Sean Hartlieb:  702-443-3449.

 KAUAI MLS LISTED: (HIGHLIGHTED MLS NUMBERS ARE LINKS):

1. 4246 Hoohana Street, Lihue.  An 8 bedroom, 3 bath home on 7,000 sqft.  Reduced to $685,000.  Being sold by MTGLQ INVESTORS LP.  MLS#658010.
2. 4761 Wailapa Road #B, Kilauea. A 2 bedroom, 2 bath home on 3.20 ac. Reduced to $1,849,000. Being sold by US Bank National Association.  MLS#656787.

 KAUAI REOS WITH ACCEPTED OFFERS/IN ESCROW:

1. 4335 Anahola Road, Anahola. A 2 bedroom, 1 bath home on 15,000 sqft.  Reduced to $699,900.  Being sold by AJAX 2018 F REO CORP.  MLS#657762.
2. 2739 Pikake St., Lihue.  A 3 bedroom, 2 bath home on 9,887 sqft. $630,000.  Being sold by BLACK REEF TRUST.  MLS#658773.
3. 5691 Hauaala Rd., Kapaa.  A 4 bedroom, 2 bath home on 24,350 sqft. $845,000. Being sold by the United States of America. MLS#658845.

  KAUAI REO-FORECLOSURES SOLD FOR March 2022:  

1. 6000 Kahiliholo Road #A, Kilauea.  A 2 bedroom, 2.5 bath home on 2.61 ac.  $1,899,900.  Being sold by  WILMINGTON SAVINGS FUND SOCIETY TRS. MLS#658751.  Sold 03/31/2022 for $2,105,000. Cash.

Commentary: 

I’m a boomer and still like my newspaper every day. The Garden Island newspaper is where I find the property Kauai foreclosure listings. They can also be found on their online page under classifieds.

The most frequently asked question I get on buying a Kauai foreclosure is “can I get a loan on the property”? My answer is usually, “I did” but not in all cases. The house foreclosure I bought in Port Allen Kauai was vacant. There was no problem getting the appraiser in for my lender. It was a smooth transaction. I also had a back up plan if I couldn’t get my loan on the property. But if the unit is occupied the occupants may not allow an appraiser inside. If the house is run down the bank may not want to lend on it. If it is occupied , the title company may not want to insure it. So Buyer beware. The 10% down required to bid is non refundable, although I have heard of bidders getting some of their deposit back.

Buying a Kauai foreclosure can be rewarding but it comes with risks. Be sure you have a plan to minimize the risks.

Aloha Julie Black kauaidreams97@gmail.com 808 652-6174.