08-26-2009, 05:03 PM
Bob, it's a premier condo in Waikoloa, so the lava zone is not an issue. Also, as I posted at the beginning, the Buyer was approved for the loan, but the property wasn't. I guess I am not very clear with this for you guys, but I will repeat it: the appraisers have no information about the number of rentals in any complex. If there is an on-site property management company (like Kanaloa, Kona Bali Kai, Kona By The Sea, Royal Sea Cliff) than they can tell the lender how many rental units they manage, but if an owner chose not to go through the on-site rental program they wouldn't know if that unit is a rental or a second home.
To answer your last question, the answer is no. My client switched to Bank of America for the loan and they have no problem with the Buyer, nor the unit.
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
To answer your last question, the answer is no. My client switched to Bank of America for the loan and they have no problem with the Buyer, nor the unit.
Aloha,
John S. Rabi, GM,PB,ABR,CRB,CM,FHS
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"