This is my monthly Kauai foreclosure, Kauai REO & Kauai bank owned list. It is updated monthly.
Upcoming Kauai Foreclosure:
Waipouli Beach Resort Unit #306
1 bedroom 2 bath condo
OPEN HOUSES: May 4th 3-6pm. Foreclosure commissioner. Bob Grimpas 808 822-0019.
Auction Date: May 18th, 2022 12pm at the state courthouse steps.
KAUAI MLS LISTED: (HIGHLIGHTED MLS NUMBERS ARE LINKS):
KAUAI REOS AVAILABLE FOR SALE:
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KAUAI REOS WITH ACCEPTED OFFERS/IN ESCROW:
- 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.
- 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.
- 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.
- 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 REO-FORECLOSURES SOLD FOR April 2022:
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Commentary:
With the courthouse and therefore foreclosures in full swing I expect to see new Kauai REO inventory coming on the market. I did receive 2 new REO assignments in the past month. I usually only receive the assignments after no one else bids at the foreclosure auction. This is usually because the bank bids higher than the market value. Around 20 years ago I tried bidding on a foreclosure house in Wailua Homesteads. My max bid was going to be $160,000 if even that. The banks bid was $161,000. I walked and the house was listed & sold through another Realtor for $140,000. Sometimes it’s better to wait until the property is listed.
Aloha Julie Black kauaidreams97@gmail.com 808 652-6174.
