Distressed property is increasing on Oahu as well as across the Country.  Short sales offer an opportunity for a home owner to avoid severe dings to their credit by avoiding foreclosure.  The difficulty, however, is that often the lender avoids the short sale because the offer is far below the latest appraised value.  New legislation is currently being reviewed by the Treasury Department which, if passed, could offer incentives to promote the short sale process.

The idea behind the incentives is to help home owners who are over their heads get out of their situations as unscathed as possible.  Another motive is avoiding an onslaught of foreclosures which tend to bring the real estate market down.  Too many forreclosures on Oahu could negatively affect real estate values.  In today’s economy no one wants more real estate woes.

Contact John Riggins today to learn more about short sales on Oahu.  Whether you are a seller or a buyer John Riggins, a Certified Distressed Property Expert (CDPE) can educate you and assist you in a complicated situation.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

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