Thursday, July 12, 2007

Searching for Hawaii Foreclosure Properties

We all hear stories of how your neighbor got a great deal on a foreclosed property and illusions of grandeur fill our minds. Okay, reality check! So maybe we don’t necessarily want to own a dozen properties – maybe just our own home and prices these days in Hawaii are outrageous! The truth is that foreclosure properties are out there but it takes work to find them. Chances are that if you spot a great deal, so did at least 50 other people if not more. Honestly, did you think you were the only one checking the newspaper?

Still, if you’re serious about purchasing or investing in a Hawaii foreclosure property, here are some websites that list these types of properties. The best thing about them is that they’re absolutely free to review. There’s a lot more to purchasing foreclosure properties than these links, but they will be sure to provide more current property leads when you’re in the market for them.

1. The Honolulu Star-Bulletin – click on the “foreclosure” link in the Island Homes section.

2. Hudson and Marshall – they’re a company specializing in auctioning real estate

3. Premiere Asset Services – handles Wells Fargo foreclosed properties

4. Countrywide REO – handles Countrywide Mortgage foreclosed properties

5. Bank of America REO – handles Bank of America foreclosed properties

6. HUD PEMCO – handles HUD homes in Hawaii, California, Georgia, Guam, and Marianas

7. Fannie Mae REO – handles Fannie Mae owned foreclosed properties

8. Freddie Mac REO – handles Freddie Mac owned foreclosed properties

9. FDIC – handles asset sales for FDIC owned and seized properties

10. IRS – handles real estate properties foreclosed due to taxes

Again, these are just sites of listings for Hawaii foreclosure properties that are available. You would still need to do your due diligence on the property before purchasing.

Coreen K. Nishijo (RA)
The Master's Plan Realty, LLC
ckn0316@hawaiiantel.net
Office: (808) 488-2992

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