Saturday night I had dinner at Kona Brewing Co. in Hawaii Kai with some friends after hiking the beautiful and relatively unknown Tom Tom trail by Makapuu. Someone had picked up the recent Honolulu Weekly and conversation quickly turned to Hawaii real estate matters and the foreclosure mess that’s invaded the national psyche and wreacked havoc throughout our islands. The cover story, “The Foreclosure Fiasco”, takes a stab at the big banks and lenders, namely Bank of America which has a large share of the mortgages here in Hawaii. A lot of is apparently justified as there… Continue reading...
Posts under ‘Foreclosures’
Should Hawaii Institute a Foreclosure Moratorium?
Should Hawaii institute a five-month moratorium on foreclosures as proposed? Will this help curb improper foreclosures or will it only serve to back up the pipeline of distressed inventory? Is this justice or injustice? Is there a middle ground? Hawaii was just ranked #11 in foreclosure filings per housing unit — is a moratorium what we need right now? Continue reading...
Maui Home Sales for 2010 – Up or Down?
…but can residents find work, too?
Aloha, everyone. I just read this brief article (and its misleading title “Maui home sales are up”) in the Pacific Business News about the recent real estate sales figures for Maui. The overall picture is that while volume is up, median prices are way down. Let’s quickly look at the numbers. Sales of single family homes… Continue reading...
Another Mortgage Lender Nightmare
Is Your Mortgage Lender Robbing You?
As I sit here in Honolulu catching up on the news over the long MLK holiday weekend, I was shocked to read about yet another serious banking fiasco. It seems that JP Morgan Chase, the nation’s #2 mortgage lender, overcharged several thousand military families on their mortgages and even improperly foreclosed on fourteen homes! Some families were overcharged by more than 4% on their loans! So while active duty men and women… Continue reading...
What “Robo-Signing” Foreclosures Means to Hawaii
Your Foreclosure Processor
Just a quick post here regarding the recent “robo-signing” that’s gripped the nation’s foreclosure landscape. As most of you know, quite a few of the country’s top mortgage lenders have reduced or outright stopped pursuing foreclosures for the time being in some or all states. Bank of America, the nation’s top lender, put a halt to its foreclosures in all 50 states. If you didn’t see, Hawaii was recently ranked 10th in the nation in foreclosures per capita, so the lenders’ actions in the… Continue reading...
Stop Foreclosure in Hawaii
How many homeowners in America today are underwater and facing foreclosure? Last I checked, it was in the millions. What does this mean for you? It means you are not alone in your hardship.
There is no longer a stigma associated with foreclosure. Instead, the American people, myself included, know that sometimes life kicks us in the gut and it’s okay to ask for a little help. There is help for you during this time of need. All you have to do is ask. Let me tell you how it works.
Avoid Foreclosure By Selling Your
