1. Kaha Lani #208. Kauai Coconut Coast. 2 bedroom 2 bath oceanfront/parkfront condo. $489,000 MLS#297836 (offers pending). Owned by Bank of New York. (offers pending)
2. 6658-A Kipapa Rd #1, Kapaa. NEW. A large 4 bedroom 2.5 bath home (CPR) on 1.41 acres. MLS#293441. Reduced. $798,000. Owned by Penny Mac.
3. 688 Onu Place, Apt. A.  Located off a quiet road in Kalaheo overlooking Kalawai Park.  2 unit CPR. MLS#296310.  Reduced $284,900. Serviced by Caliber Servicing.
4. Kalaheo Pali Kai #53, Kalaheo. 3 bedroom 2 bath condo. $340,000. MLS#295488. Owned by Fannie Mae.
5. 4655-C Alawai Rd, Waimea. 3 bedroom 2 bath with studio. $314,900. MLS#297425. Owned by US Bank.

1. 2883-D Kalihiwai Rd, Kilauea. 4 bedroom 3 bath home with a “workshop” that looks like a house. on 2.78 acres MLS#298768. $979,000. Owned by Nationastar Mortgage.
2. 1987 Hulali Loop, Kapaa. 4 bedroom 2.5 bath. The home has issues. $292,200. MLS#298655. Owned by Altisouce/OCWEN.

Kauai REOS with accepted offers/in Escrow:

1. Banyan Harbor C-29, Lihue. This is a 2 bedroom 2 bath single level condo across Kalapaki Bay. MLS#297836. $208,000. Owned by Bank of New York Mellon.
2. 4935 Aliali Rd #26 aka Apopo Hale #26, Kapaa. NEW. 4 bedoom 2 bath detached home/condo. Reduced$314,900. MLS#292930. Serviced by Caliber Mortgage.
3. 5237 A Laipo Rd, Kapaa 3 bedroom 2 bath CPR home. MLS#285565. Discounted $319,900. Owned by US Bank National Association.
4. 9836 Menehune Pl, Waimea. 4 bedoom 2.5 bath home Fixer. $299,000. Owned by Fannie Mae. MLS#295081Hale Lani Village L-201. 2 bedroom 1.5 bath condo. $205,000 MLS#297924. Owned by Nationstarr Mortgage.
5. 143 Pokukala, Wailua Homesteads. There is a house (tear down?) The lot is 9440 sq.ft. $199,900. MLS#295931. Serviced by Premier Asset Services.
6. 1054 Kealoha Rd, Kapaa (babyBeach area). 7 bedroom 5 bath residence. Reduced $625,000. Owned by Ventures Trust. MLS#294664.

Sold Kauai REO Listings for the month of August 2016:

1. 4793 Nonou Rd, Wailua Houselots. 4 bedroom 3 bath home. $475,000. MLS#295686. Owned by Fannie Mae. Soldier $435,000 Cash on 8/26/16.
2. 3428 Elima St. Lihue. 3 bedroom 1.5 bath on 14714 sq.ft. lot. $ 500,000 MLS# 297025 A Fannie Mae Homepath property. Sold for $500,000 CNV on 8/31/16.
3. 2777 Wawae Rd, Kalaheo 3 bedroom 2 bath home. $419,900. MLS#294074. Owned by Freddie Mac. Sold for $372,000 CNV on 8/31/16.
4. 2937 Aukoi St, Lihue. A 3 or 4 bedroom 3 bath home. $474,900. MLS#296743. A Freddie Mac property. Sold for $474,900 on 9/2/16 4474,900.

My newest REO assignments are a Sandpiper condo, a Halelani Condo, a home in Kekaha and a home in Kalaheo. With a steady flow of Kauai foreclosures there has been a steady flow of Kauai REO assignments. Most banks may bid high at the actual foreclosure sale but then are willing to resale at a lower market price. This probably has something to do with the tax advantages. The market price is usually determine by a combination of the listings agent Broker Price Opinion (BPO), an independents agent’s BPO (for a fee) and  an appraisal from a licensed appraiser.

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.

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.