Properties for sale

[John S. Rabi]

quote:

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Originally posted by gtill

And any improvments you do belong to the former owner if he can cough up the tax bill in a year!

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Not really true. The original owner has one year to redeem the property from the NEW OWNER by paying what the new owner paid plus 10% interest. I bought several properties on the tax sale, in the "old days" there were some good deals there. When the market started going up the whole auction became crazy and people actually were bidding up the prices higher than the comparable prices in MLS.
They have the tax sale twice a year. I was there in May, the winning dids were about 15% less than the MLS prices. Here is the link to the list of properties: http://www.hawaii-county.com/real_proper...axsale.pdf
(The tax sale will be in November.)

Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
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