Active MLS Listed Kauai REOs:

1. 5471 Olopua St, Kapaa 3/3 with family room. $474,900. MLS #603366. Owned by Fannie Mae.
2. Halemalu #26, Lihue. this is a 3 bedroom 2.5 town home located at the very end of the street. Its a private location. Reduced to $454,900. MLS#602685. Owned by US Bank.
3. 9915 Ape Place, Waimea. 6 bedroom 5 bah home. Reduced $561,900. MLS#602080. Owned by Bank of New York Mellon.
4. 5284 Kahala St #1, Kapaa. 3 bedroom 3 bath home. $550,000 MLS#601472. Owned by Fannie Mae.
5. 4300 Upa Road, Omao-Koloa. 1/1 on 1 acre. $399,000. MLS#602173. Owned by Fannie Mae.

KAUAI REO’S WITH ACCEPTED OFFERS/IN ESCROW:

1. Sandpiper Village 124, Princeville. 2 bedroom 2 bath condo. REDUCED $334,500. MLS#600475. Owned by US Bank Trust.
2. 4405 Kai Ikena Dr. Kalaheo 3/2 house. $589,000. MLS #603133.  Owned by Bayview Loan Servicing.
3. Kalaheo Pali Kai #53, Kalaheo. 2 bedroom 2 bath condo. $299,000. MLS#600365. Owned by Fannie Mae.
4. 6003 Puka St, Kapaa. 3 bedroom 1 bath home. Sold occupied by auction. $290,000. MLS#602011. Owned by Freddie Mac.
5. 1987 Hulali Loop, Kapaa. 4 bedroom 2.5 bath. The home has issues. $277,600. MLS#298655. Owned by Altisouce/OCWEN.
6. Kiahuna Plantation #427. Poipu. 1 bedroom 1 bath LEASEHOLD condo. $29,000. MLS# 600928. Owned by American Savings Bank. Please note the combined HOA fee and leasehold rent are currently $2145.00 a month.

KAUAI REO LISTINGS FOR THE MONTH OF January 2017:

1. Halelani Village L-201. 2 bedroom 1.5 bath condo.  Auction only on Xome.com. $185,000. MLS#292924. Owned by Nationstar Mortgage. Sold for $141,750 on 1/13/2017 for cash.
2. 4677 Moi Road, Hanapepe. 4 bedroom 2 bath home. $296,800. MLS#602534. Owned by Owen/Altisource. Sold for $284,539, cash on 1/27/17.
3. 4804 Pohina St, Hanamaulu. 3/1 house. $265,900. MLS #600861. Sold for $235,000 on 1/10/17 for cash.

A lot of Kauai REOs sell for cash because they are not in lendable condition. In the case of the Halelani L-201 there was some flooding of the unit and the bathrooms, walls and carpet were all torn out. Moi Road and Pohina Street were also in unlendable condition. On all 3 properties the buyers have plans to fix them up and make them lendable. This is a win win for all parties involved. Many buyers don’t have the means and time to buy and fix up a real fixer upper. And owner occupied buyer programs want buyers to have a house in livable condition. The exception to this are renovation loan programs.

This is my monthly Kauai REO, Kauai Foreclosures Blog. It is a compilation all Kauai MLS listed bank owned properties. It is updated at least once a month or more if the Kauai REO activity has increased.