This is my monthly Kauai foreclosure, Kauai REO & Kauai bank owned list. It is updated monthly.
Upcoming Kauai Foreclosure:
Ocean View Condominium: Pono Kai #A-308, Kapaa, HI
Two bedrooms, 2 baths, top-floor corner condominium in a 25 unit building. Auction Date: 03/18/22
OPEN HOUSES: 03/05/22 & 03/11/22 from 10am to 12pm. Lawrence McCreery 808-246-0269.
KAUAI MLS LISTED: (HIGHLIGHTED MLS NUMBERS ARE LINKS):
KAUAI REOS AVAILABLE FOR SALE:
- 4246 Hoohana Street, Lihue. An 8 bedroom, 3 bath home on 7,000 sqft. Reduced to $705,000. Being sold by MTGLQ INVESTORS LP. MLS#658010.
- 4335 Anahola Road, Anahola. A 2 bedroom, 1 bath home on 15,000 sqft. Reduced to $699,000. Being sold by AJAX 2018 F REO CORP. MLS#657762.
- 4761 Wailapa Road #B, Kilauea. A 2 bedroom, 2 bath home on 3.20 ac. $1,900,000. Being sold by US Bank National Association. MLS#656787.
KAUAI REOS WITH ACCEPTED OFFERS/IN ESCROW:
- 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.
- 2739 Pikake St., Lihue. A 3 bedroom, 2 bath home on 9,887 sqft. $630,000. Being sold by BLACK REEF TRUST. MLS#658773.
- 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 February 2022:
- Emmalani Court #511, Princeville. A 2 bedroom, 2 bath 1,456 sqft condominium. Reduced to $839,900. Being sold by Wilmington Trust National Association. MLS#655271 Sold 02/17/22 for $830,000. Conventional Loan.
- 2181 Kau Street, Kalaheo. A 2 bedroom, 1.5 bath home on 5,614 sqft. $551,000. Being sold by Wells Fargo Bank. MLS#653490 . Sold 02/24/22 for $611,000. Conventional Loan.
- 2250 Kauai Rd. #1, Koloa. A 1 bedroom, 1 bath 362 sqft condominium. $426,000. Being sold by AOAO OF HALE KAHANALU. MLS#658086. Sold 02/28/22 for $426,000. Cash. This was a foreclosure that sold at auction.
Commentary:
There’s a few more foreclosures at the courthouse coming up. One of the most common reasons a house is foreclosed on is because the mortgage is a reverse mortgage. After the homeowner passes away often the heirs do not instigate probate. If there’s no or little equity in the home, that is a smart move to let it go to foreclosure. If there still is equity left the heirs can have a probate proceeding and recoup any equity.
Aloha Julie Black kauaidreams97@gmail.com 808 652-6174.
