This is my monthly Kauai foreclosure, Kauai REO & Kauai bank owned list. It is updated monthly.
Upcoming Banked Owned REO:
4670 Opukea St.; Lihue, HI 96766: A 5 bedroom, 2 bath home on 6,700 sqft. Owned by THE BANK OF NEW YORK MELLON. We do not have a price yet. Former owners are in the process of moving out. Do not disturb them.
Upcoming Foreclosure Sale July 21st at 12 noon on the Court House Front Lanai:
Nihilani #19B; Princeville, HI 96722: A 2 bedroom, 2 bath condo, 1,567 sqft with a 2 car attached garage. No open house. Contact Lisa Arin Commissioner (808) 346-0144. This picture is from 2010 & not of the subject unit. This property is zoned for vacation rentals.
KAUAI MLS LISTED: (HIGHLIGHTED MLS NUMBERS ARE LINKS):
KAUAI REOS AVAILABLE FOR SALE:
There are currently no active REO’s for sale.
KAUAI REOS WITH ACCEPTED OFFERS/IN ESCROW:
- 4914-D Hekili Road, Kapaa. A 3 bedroom, 2 bath home on 14,700 sqft. $599,000. The first 20 days of the listing only owner occupants can place an offer. Being sold by U S BANK TRUST N A TRS. MLS#669832.
- 4510 Kuli Road, Kalaheo. A 4 bedroom, 2.5 bath home on 1.24 acres. $689,900. Being sold by BANK OF NEW YOR MELLON TRS. MLS#670080.
- 5691 Hauaala Road, Kapaa. A 4 bedroom, 2 bath home on 24,350 sqft. $845,000. Being sold by the United States of America. MLS#658845.
- 5691-A Hauaala Road, Kapaa. A 5 bedroom, 3 bath home on 1.44 acres. $962,500. Being Sold by the United States of America. MLS#668128.
KAUAI REO-FORECLOSURES SOLD FOR June 2023:
- 3829 Waha Road, Kalaheo. A 4 bedroom, 4 bath home on 10,000 sqft. $899,900. Being sold by WILMINGTON SAVINGS FUND SOCIETY, FSB. MLS#667137. Sold 6/27/2023 for $910,000 (Conventional Loan).
COMMENTARY:
Buying a occupied Kauai Foreclosure or REO can be tricky. To get a loan you will need an appraisal. If the house is occupied you will need access. What if the occupant won’t give the appraiser access? Some hard money loans may not require an appraiser. However most title companies will not issue title insurance if a property is occupied by the former owner. It makes for a tricky situation. If you do buy a occupied foreclosure you will need to either negotiate the occupants removal or start eviction. Before starting eviction, you may want to try negotiating with the former owner or tenant by offering them relocation funds to move. This may seem a little bit costly but in the long run it may be cheaper than an eviction.
Before you call me wanting to buy a Foreclosure or REO please read these two blogs.#1. Buying a foreclosure on Kauai. #2. What is a Kauai REO?. The blogs will answer most of your questions. After you read the blogs I can help you with a specific property.
Aloha Julie 808 652-6174 let me know if you have any questions. kauaidreams97@gmail.com
