Tax Sale properties

[randomq]

quote:

---

Originally posted by Mimosa

If the owner is local or Hawaiian or has a Hawaii address you do not want the property .

---

Why not?

[leilanidude]

quote:

---

Originally posted by randomq

quote:

---

Originally posted by Mimosa

If the owner is local or Hawaiian or has a Hawaii address you do not want the property .

---

Why not?

---

Hawaiian Homelands property? Unless you are Hawaiian, you wouldn't be able to own it. Although I believe those are all leases, you still couldn't take possession of the house.

[leilanidude]

The tax auction in our perspective is a rip off and you will be kicking some one off their land .
-----------
Of the ones that are vacant lots, many are probably abandoned by the owner, simply because it is easier to lose it in a tax auction than continue to pay the taxes and possibly association dues. Maybe they tried to sell but the lot just didn't bring any interest. There are lots in nanawale that are owned by mainlanders who have never seen the property and may not even know the lot is unbuildable or has a $10,000 albezia issue which is more than the lot is worth - which might be only $2,500 after they clear the albezia anyway.

[kalakoa]

If the owner is local or Hawaiian or has a Hawaii address

Because they can visit the property and bring friends to beat you up for "taking their land". At the very least, you might get random visitors "what, Kimo no live here?"

Other problems exist with non-resident owners who don't live in America; the repossession process can be confused by international law, starting with simple "did not receive notice' issues.

IRS lien (as mentioned above) is another possibility -- yes, you might be able to clean it up, but you should really save your time/effort for dealing with the Building Department.

If the property is really an awesome deal, you'll probably be outbid at the auction anyway, possibly by someone who has expertise in dealing with the above issues.

It's not like there's a shortage of buildable lots...

[Chas]

Agree with Kalakoa. Save your time and effort for dealing with the building department. Building in Hawaii is complicated enough. Don’t add more headaches to it.

[J Abrams]

I did it in the late 80's. Bought a 2 acre vacant lot in Orchidland for around $9,000. Mainland owners. It was a sweet lot with some beautiful Ohias and some dirt too. Had a nice mountain and distant ocean view. Waited the year, and got clear title. Sold it about 3 years later during one of the real estate upswings. No problem conveying clear title including title insurance. There's a nice house on it now, and they kept the ohias! I made a decent profit, but Uncle Sam took 30% for capital gains.

[Mimosa]

If the owner is local or Hawaiian or has a Hawaii address

Because they can visit the property and bring friends to beat you up for "taking their land". At the very least, you might get random visitors "what, Kimo no live here?"

...............................

Randomg - the above is why.

Case in point - a local Hawaiian wahine friend
of ours was in federal in Ariz for 5 yrs and never got the notices.Some Caucasians got her home and land at tax auction - she sued and after 4 years of litigation she got her home and land back.

We can not stress loudly enough that if the property at tax auction is being sold and the address is in Hawaii or the last name is a local family or Hawaiian - pass it by .
Locals and Hawaiians have big ohanas - no matter which island they live on.
Mrs.Mimosa

[randomq]

Mimosa, your implication is Hawaiians and local families don't respect the law, and even if they lose the land because of their own fault, they are going to harass the new owner? And that the kangaroo courts will disregard the law and take back the land anyway after 4 years? How do you feel about that?

[Mimosa]

Under territorial law and international law we are proud of her .
Other Hawaiians have done similar and won in court .
She is now a very respected Hawaiian wahine born n raise here .
240 acres she inherited from the ancestors along with the homes built by past generation's of Her ohana.
Again we stress do NOT buy at tax auction any properties with Hawaiian addressees anywhere state wide.
One option is to write directly to the owners of said lots and offer to pay the owed taxes and throw in an extra 3K to 5K cash and go directly through escrow .
We do this and just in the last 5 years have gotten lots in H.A. for under 9K each . Bypassing tax auction all together.
Do your own due diligence.
County law states any person buying lots MUST wait ONE year prior to Re - selling or be fined upwards of 50% of sold value . This is to stop out of state speculators .
Mrs.Mimosa

[kalakoa]

kangaroo courts will disregard the law

Like they did when the subdivisions were created?

Oh, the irony.