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Greetings!
Thank you for requesting updates on REO, Short Sale and Foreclosure properties on Oahu. We have compiled a list of properties in the single family and condo/townhouse categories. Contact us anytime regarding any other real estate needs. Also, don't forget to Like our Facebook page! |
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REO and Foreclosure Property Updates
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REO stands for Real Estate Owned. These are properties which are owned by a bank, other lending institution, or government entity. These properties enter the bank's portfolio by way of foreclosure. But banks do not want to own, manage, and market properties they acquire, so their goal is to sell the property to a new owner quickly and for the best possible price. Banks sell these properties utilizing real estate brokers.
A foreclosure is the legal process by which an owner's right to a property is terminated, usually due to default. It typically involves a forced sale of the property at public auction with the proceeds being applied to the mortgage debt.
Please find the updated list of properties:
Single Family Homes*:
Condos and Townhouses*:
*Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. for the period 12/10/2011 through 12/16/2011. |
Short Sale Property Updates
|  A short sale is where the sale proceeds fall short of the balance owned on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property and the lender decides that selling the property at a moderate loss is a better option for both parties.
Please find the updated list of properties:
Single Family Homes*:
Condos and Townhouses*:
*Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. for the period 12/10/2011 through 12/16/11. |
In this market there are many questions regarding changes in lending programs, tax incentives, and distressed properties. It's one thing to read about them in the news, but another to find out how these issues personally affect you. We'll be glad to have a complimentary consultation where we can discuss your current real estate needs.
As always, thank you for your support and graciously referring your friends and family.
Sincerely,
Choice Team
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Brandon Lau (R) 230-1234 Andrew Leong (RA) 230-3017 choicehomeshawaii.com |
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Just Listed!
92-355 Akaula St.
Open House Sunday 12/18 2-5pm
Enjoy the coastline and city view from the wrap-around lanai. Mauka breezes help keep the house cool. This single family home comes with a possible workshop or storage area. Lots of room for expansion. Great for first-time home buyer.
626 Aipo St.
Open House Sunday 12/18 2-5pm
Expanded single-level home with fully insulated double-wall construction. Located on private cul-de-sac. Completely remodeled kitchen and baths, new vinyl windows, new closet doors, newer laminar flooring and carpet. Spacious living area with large master bedroom and walk-in closet. Large garage space provides ample storage.
 1201 Wilder Ave. PH3
Rarely available Penthouse unit with panoramic views of Punchbowl, Diamond Head and Honolulu city lights. The open layout and 10 ft ceilings allow for an abundance of natural lighting. Excellent cross ventilation will keep you cool. Newer wood flooring and well maintained counters and cabinets. Prime location in Makiki just minutes from UH Manoa, Ala Moana and downtown Honolulu.
545 Queen St. #337
Enjoy conveniece & style in the well-maintanied secure building. Minutes walk to downtown Honolulu and several blocks away form the up and coming Ward Village Shops. The design of this unit allows for lots of natural lighting & a separation between your kitchen and living area. Comes with generous storage, your own washer/dryer, and a tankless water heater. Move right in!
229 Paoakalani Ave. #901
Well maintaned corner unit with mountain views. Enjoy an afternoon on the recreation deck complete with pool, bbq grills, & tennis court or relax on your lanai with the cool mauka breeze. Can be owner occupied or managed in Aston Hotel's rental pool. Minutes walk to Kapiolani Park, the Zoo, or Waikiki beach. A pet friendly building.
98-288 Kaonohi St. #1002
Lowest price in the building! This studio aparment includes a washer/dryer, full kitchen, and parking stall. Remodeled with laminate wood flooring and paint. Minutes walk to Pearl Ridge Shopping Center.
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Waihonua at Kewalo
Planned 345-unit high-rise condominium, one block from Ala Moana Center, with one-,two- and three-bedroom residences. Waihonua means "waters of the earth", in honor of the history of the land, including salt ponds, fish ponds, and taro patches. Prices start in the $400,000's.
Cove Waikiki
The Cove Waikiki opened its sales office in November to a door-busting crowd. The mid-level condo-slated to start construction in March 2012- is alluring because it's new, centrally located, and attractively priced. The new mid-rise residential condominium project, located on 1.6 acres in a secluded neighborhood near the entrance to Waikiki, will feature 117 one- and two-bedroom homes spread across three five-story buildings. Pricing ranges from $350,000 to $500,000.
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Contact us for more information or to arrange a tour for any new projects.
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