10-31-2008, 06:40 AM
Looking at the foreclosures in the paper today, I was wondering what "no upset price" means. Surely banks wouldn't sell a property for a potentially tiny return?
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Properties for sale
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11-01-2008, 03:19 PM
rbakker, I don't think $5K will get you anything there. (I went to all but one tax sales during the past 10 or so years, so I know the selling ratio of the properties.) You get a Tax Deed, but you don't get Title Insurance. The title report of all properties is on display there and available for you to read. Good luck with bidding!
Aloha, John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB 808.989.1314 http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!"
11-07-2008, 04:56 AM
Sorry, you need to get the "report" from someone else. I had an emergency surgery 12 days ago and I was just released from the hospital a few days ago. I am still under home care and my very last concern is the tax sale.
Aloha, John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB 808.989.1314 http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!"
11-07-2008, 05:00 AM
quote: Hope everything is OK! I knew there had to be a reason for last weeks FFL results [  ]Get well soon! ------- My Blog
11-18-2008, 10:32 AM
I went to the tax auction today. The room (Crown at Naniloa) was too small for the crowd that turned up and there were a few heated words outside but in the end they let people in to stand at the back.
The prices were higher than I expected, maybe the economy isn't as soft as I thought. Also, quite a few properties had been withdrawn from sale - I guess this means the owner paid up. A good day for the county! Below are the results up to lot 117; I left after that. Lowest was 4K for 8,040 sqft in Nanawale Estates, highest was 40.9K for an acre on 1st and Kaloli in HPP. First number is the lot number, second the tax key, third the winning bid. For HPP I've noted the street name/number. Fern Acres 13 1-1-036-194 10.5K 14 1-1-036-211 12.4K 15 1-1-037-164 10.5K 18 1-1-038-044 16K 19 1-1-038-045 13.5K 20 1-1-038-084 14.3K 21 1-1-038-123 12.8K 22 1-1-038-185 19K 23 1-1-038-186 16K 24 1-1-039-008 14.2K Eden Rock Estates: 31 1-1-083-048 9K 36 1-1-085-001 7.5K 39 1-1-085-048 7.9K 41 1-1-092-066 8K Leilani Estates: 48 1-3-032-033 14K 49 1-3-035-081 14.3K 50 1-3-036-008 17.5K 51 1-3-036-009 16.4K 52 1-3-036-010 15K 53 1-3-046-026 17K Nanawale Estates: 56 1-4-050-055 4K 57 1-4-050-062 4.6K 58 1-4-050-080 4.5K 59 1-4-086-060 4.7K 60 1-4-086-156 4.5K 61 1-4-086-157 4.5K HPP: 68 1-5-021-098 30K 21st 71 1-5-022-085 33.5K 22nd 73 1-5-023-044 21K 16th 76 1-5-026-013 20.5K 10th 77 1-5-026-014 22.5K 10th 78 1-5-027-073 21K 7th 80 1-5-028-152 22K 9th 84 1-5-033-061 35K 28th 86 1-5-039-166 28K 23rd 87 1-5-039-243 27.5K 25th 99 1-5-048-084 21.5K 12th 103 1-5-049-082 34K 7th 112 1-5-054-058 40.9K 1st 117 1-5-061-103 37K Kilika Rd
11-18-2008, 10:40 AM
quote: yes, hope you are doing better and are recovering. dennis informed me of your surgery. "chaos reigns within. reflect, repent and reboot. order shall return." microsoft error message with haiku poetry
"a great many people think they are thinking when they are merely rearranging their prejudices."
w. james
11-18-2008, 11:52 AM
Thanks, it looks like I will survive. (I actually went to work in the morning both yesterday and today, but came home to rest after lunchtime.)
Aloha, John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB 808.989.1314 http://www.JohnRabi.com Typically Tropical Properties "The Next Level of Service!"
11-18-2008, 02:45 PM
"Also, quite a few properties had been withdrawn from sale - I guess this means the owner paid up."
no, it was because of some legal issues with the japenese courts and the notification process needed in japan, the county obviousy blew it but they said it would be resolved by next auction and those properties that weren't paid up would be put back on |
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