If you want to buy an Oahu foreclosure property it is of the utmost importance to know what you are doing.  No matter how inexpensive the property is, Oahu real estate is still a big investment and a big responsibility, so do your research, be aware of the downsides, and know the procedure of buying foreclosure real estate.

The term “deal” is all relative.  It is easy to hear of people buying property for little to nothing but we all know that nothing that inexpensive comes easy.  Buying a foreclosed property at an auction for $1 or $100,000 sounds good but the property may come with additional fees, maintenance and problems that are not mentioned or advertised.

A couple of real issues that may arise when buying foreclosed property on Oahu include:

• association fees that may have to be paid by state law, in Hawaii up to 36 months in association fees must be paid by the buyer of foreclosed property.
• major issues with the home that are not able to be seen without an inspection, (broken pipes, faulty wiring, termites, etc.).

Buying foreclosed property at an auction can be a great investment but it can also be similar to throwing money into a sinking ship.  The old saying “something too good to be true” should constantly be in your head.

Call me today and I can help you find out what you can about any particular property by looking at it with you, talking with people who know more about the Oahu property in question, checking on the county records and any other resource I can locate.  I have experience with buying and selling distressed property and working with me could help save you quite a bit of trouble.

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.

If you own a home on Oahu and are facing foreclosure there could be a way to avoid it and save your credit at the same time.  While the nation is slowly coming out of the great recession foreclosures are still occurring and will continue to happen into the future.  No one wants to lose their Oahu home and there are ways to avoid foreclosure.

A Certified Distressed Property Expert (CDPE) is educated in distressed property, how to avoid foreclosure and all available options.  When dealing with your possible Oahu foreclosure it could be extremely helpful to work with a CDPE, to learn your options and make informed decisions.

Click here to view a free report that can help answer some of the questions you may have regarding the foreclosure process.  Contact me today with any questions you may have regarding foreclosures on Oahu and let me help you in this complicated process.

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.

Foreclosures are up on Oahu and throughout the Hawaiian islands.  While the latest statistics might represent the peak of foreclosures, the number of foreclosures may not get worse but they will keep coming.  While Federal programs infer that homeowners can avoid foreclosure the process is complicated and lengthy and many homeowners enter foreclosure by giving in to frustration.  The options are difficult to understand and many distressed homeowners on Oahu and elsewhere around the United States enter foreclosure as a result.

As a Certified Distressed Property Expert (CDPE) I can help you avoid foreclosure, sell your property as a short sale and weigh all of your options with you in regards to your Oahu real estate.  If you are looking to invest in distressed property on Oahu I can help you there as well.  The foreclosure process is a complicated process whether you are a home owner or home buyer.  When it comes to Oahu real estate I have the knowledge and experience to make your transaction educated and informed.

Click here to read a recent article in the Star Bulletin regarding foreclosures in Hawaii.

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.

Foreclosures are up on the island of Oahu, as well as across all of the Hawaiian Islands.  Oahu foreclosures offer some good opportunities for bargain home shoppers but should be faced with a buyer armed with knowledge and experience.

If you are seriously considering purchasing a foreclosure property on Oahu there are a few things to think about:

• Instigate a title search to locate any liens that may exist beyond the primary mortgage lender.
• Locate a Realtor who has experience with foreclosures.  The process is a complicated one and should be entered with experience.
• Make sure you have money set aside for any improvements that may need to be done.  Foreclosure properties are typically sold as-is, with no inspections or improvements available prior to purchase.
• Research the neighborhood.  Know what homes are selling for in the Oahu neighborhood you are looking examine what other foreclosures in the area are going for as well as what non-distressed property is selling.

It is extremely helpful to use a Certified Distressed Property Expert (CDPE) when looking to purchase foreclosure property on Oahu.  If you are interested in looking at all available Oahu real estate give me a call today, to make your search and purchase an informed process.

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.

Hawaii is ranked #11 for foreclosures

Oahu foreclosures keep coming and according to RealtyTrac, Hawaii is ranked number 11 for foreclosures.  The trend has been a big increase in December foreclosures followed by a drop in January.  The drop in January, however, is not indicative of foreclosures decreasing for the year, perhaps it is merely a holiday lull.  As foreclosures hit on Oahu, however, the opportunity arises for those looking for great investments.

Real estate has been hot recently in Kapolei and the Ewa Beach area because prices are right and mortgage rates are remaining low.  Click here to read a recent article on Hawaii foreclosures in the Pacific Business Journal.

If you are interested in looking at Oahu foreclosures or other Oahu real estate contact John Riggins today.  John Riggins is a CDPE (Certified Distressed Property Expert) and has the knowledge you need to complete your Oahu real estate transaction.

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.

John Riggins can help you with foreclosures on Oahu

Foreclosures are on the rise on Hawaii.  December marked a distinct rise in foreclosures in the island state, affecting its real estate market in a variety of ways.  On Oahu the biggest foreclosure areas are Ewa Beach and Kapolei.

For those looking for real estate bargains on the island of Oahu the foreclosures can mean that there are bargain investment opportunities.  Oahu real estate is more affordable has it has been in years.

If you are facing foreclosure on Oahu there are ways to avoid it.  A CDPE (Certified Distressed Property Expert) can help a home owner avoid foreclosure and therefore avoid credit damage.

John Riggins is a CDPE on Oahu and can help you if you are looking to buy foreclosure real estate or avoid entering foreclosure on Oahu.

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.

Using a CDPE can help make purchasing foreclosure property on Oahu successful

Short sale and foreclosure properties, prevalent on Oahu, are also known as distressed properties.  While unfortunate for the home owner, distressed properties can off great opportunities for the Oahu real estate investor, sometimes that is.  A potential buyer is much better served buying distressed property with and experienced broker, a broker who has a knowledge of distressed property sales.  CDPE (Certified Distressed Property Expert) is a classification for such brokers.  NAR (National Association of Realtors) has also come up with a new classification, SFR (Short Sale & Foreclosure Certification Program). In either classification the real estate broker is trained to handle short sale, foreclosure and REO transactions, which are much more complex and time consuming than traditional real estate transactions.

If you are looking to purchase distressed property on Oahu contact John Riggins today.  John Riggins is an experienced CDPE who can help make your real estate

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.

Foreclosures in Kapolei keep coming

Foreclosures are on the rise in Hawaii, up over 60% form a year ago.  Hawaii is currently ranked as 15th in foreclosures in the United States.  While Maui has the highest incidence of foreclosures of all of the Hawaiian Islands Oahu has its fair share of foreclosures as well with Kapolei ranked number 5 on the September list of high foreclosure areas posted by RealtyTrac.  The increasing number of foreclosures is linked to reduced income, second homes, loss in home values and the problems just keep coming.  John Riggins was quoted in an article published in the Star Bulletin as saying “As neighborhood prices drop, some sellers will be forced into short sales or foreclosures.  The problem is self-perpetuating.”

The positive side of foreclosures in Kapolei and elsewhere on Oahu is that real estate investors can buy property at a bargain price.  The downside is that foreclosures lower the values of homes in a community, hurting those who may want to sell their homes or take out a loan on their property.

If you are interested in learning more about foreclosures in Kapolei contact John Riggins today.  John Riggins is a Certified Distressed Property Expert (CDPE) and can help you through the foreclosure process in Kapolei.

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.

A Realtor can help make investing in foreclosure property on Oahu a much smoother process

Investing in foreclosure property on Oahu can be tricky and using a professional will make a complicated process easier.  A Realtor can help you locate the Oahu foreclosure property, determine the value of the property by running a detailed analysis of what has sold in the area, walk you through the inspection process, follow through the title search, contact the trustee of the property and work out the price and contract for the property.  When purchasing an Oahu foreclosure property it is important to know that what you are buying is worth what you are paying, or even better more, and that the terms of your contract are reasonable and followed through.

John Riggins is a Certified Distressed Property Expert (CDPE) on Oahu.  If you are interested in investing in foreclosure property on Oahu contact John Riggins today.

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.

The real estate market on Oahu and the Mainland may be showing signs of life but the reality is that foreclosures are still coming.  On Oahu real estate transactions have slowly been coming out of their frozen state but many people are still in stressful financial situations that will keep foreclosures continuing to appear.

Foreclosure properties offer great investment opportunities on Oahu

While foreclosures are unfortunate events for those being faced with them they offer great investment opportunities on Oahu.  If you are considering purchasing a foreclosure property on the island of Oahu contact John Riggins.  John Riggins is a Certified Distressed Property Expert (CDPE) who can make your real estate transaction less stressful.

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.