08-14-2006, 04:57 AM
I don't know much about the mentioned web sites but 99% of the time the lender forecloses on the owner and acquires the property. All lenders work with real estate agents and list the foreclosed properties with them. There were two foreclosed properties in Hawaii last week. Pacific Business News lists the foreclosures every week.
Every property is for sale by owner. The ones you mention are "For Sale By Unrepresented Sellers" and those think they can save money by trying to sell themselves. According to NAR, properties sold by real estate agents are sold 17% higher than the properties sold by FSBUS.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
Edited by - John S. Rabi on 08/14/2006 09:01:42
Every property is for sale by owner. The ones you mention are "For Sale By Unrepresented Sellers" and those think they can save money by trying to sell themselves. According to NAR, properties sold by real estate agents are sold 17% higher than the properties sold by FSBUS.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB,RB
http://www.JohnRabi.com
Typically Tropical Properties
75-5870 Walua Road, Suite 101
Kailua-Kona, HI 96740
(808)327-3185
Edited by - John S. Rabi on 08/14/2006 09:01:42