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Hello,
Just wanted to see if anyone has been to any of the foreclosure auctions recently at the courthouse, are there bargains out there now?
Appreciate your observations on how things have been picking up in this segment recently?
mahalo,
noel
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I haven't been no cash anyway...
There is a place on the web that has a list of properties. Would be interesting to see how long the list is this time around.
I am sure there are some bargains to be had. Tho, just remember I think if the seller got enough cash together they can buy it back from you. I think they have one year. Don't quote me on this because I've never been to one and it's been awhile since I looked at the details... 
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There's no right of redemption in Hawaii.
John Dirgo, R, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com
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ericlp, I think you're thinking of the delinquent tax sales in which the owners have 1 year to get their property back.
From the county site: "The taxpayer may redeem the property sold by payment to the purchaser at the sale, within one (1) year from the date of the sale, of the amount paid by the purchaser, together with all costs and expenses which the purchaser was required to pay, including the fee for recording the deed, and in addition hereto, interest on such amount at the rate of twelve percent (12%)a year."
Aloha,
Jody
Edited by - Jody on 05/14/2007 10:14:05
Edited by - Jody on 05/14/2007 10:14:39
Edited by - Jody on 05/14/2007 10:15:45
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Jodi is correct. You can find the list at http://www.hawaii-county.com/real_proper...axsale.pdf. I go there both times every year (it's usually in May and November.) Even though the market was considerably cooling last November, most properties were bid up to market levels. Even if you buy, one thing to remember: you can't do anything with the property for a year since the original owner has one year to buy it back from you.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB
http://www.JohnRabi.com
Typically Tropical Properties
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Yep, the tax sales do have a right of redemption. Foreclosures don't.
You're right, John R, the last tax sale I went to, people were bidding the properties up to and over what comparable properties were listed for. Auction frenzy, I think.
John Dirgo, R, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
http://www.hawaiirealproperty.com
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Jodi is correct. You can find the list at http://www.hawaii-county.com/real_proper...axsale.pdf. I go there both times every year (it's usually in May and November.) Even though the market was considerably cooling last November, most properties were bid up to market levels. Even if you buy, one thing to remember: you can't do anything with the property for a year since the original owner has one year to buy it back from you.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB
Thanks for the information John. The link doesn't work from my computer does it work from yours?? Mahalo, Mella
mella l
mella l
Art and Science
bytheSEA
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Mella, take the period off the end of the url & it'll behave for ya.
<a href="http://www.hawaii-county.com/real_property_tax/taxsale.pdf">http://www.hawaii-county.com/real_property_tax/taxsale.pdf</a>
Erin
programmer geek at large
* I'd rather fail at happiness than succeed at misery *
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well that didn't work quite right! guess I need to RTFM.
http://www.hawaii-county.com/real_proper...axsale.pdf
* I'd rather fail at happiness than succeed at misery *
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You can just go to http://www.hawaii-county.com, click on "Real Property Tax" and click on the "List of Parcels for Tax Sale" at the bottom of the page.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB
http://www.JohnRabi.com
Typically Tropical Properties
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