by Dan Polimino | Jul 30, 2008 | Investing
Quick Answer: The recently passed housing bill aims to stabilize the national housing market by preventing foreclosures and modernizing FHA loans, potentially increasing the pool of eligible buyers. For luxury second homeowners on the Kona-Kohala Coast, while the bill...
by Dan Polimino | Jun 21, 2008 | Investing
Quick Answer: Real Estate Investment Trusts (REITs) are companies that own or finance income-producing real estate across a range of property sectors, trading like stocks on major exchanges. For affluent investors considering Hawaii, apartment REITs offer a way to...
by Dan Polimino | Jun 18, 2008 | Investing
Quick Answer: The FHA’s decision to lift the 90-day waiting period on resales of foreclosed properties primarily streamlines transactions for buyers using FHA-insured loans. While this change does not directly affect luxury vacation rentals on the Kona-Kohala...
by Dan Polimino | Jun 16, 2008 | Investing
Quick Answer: While short sales on the Kona-Kohala Coast can offer a discounted entry into the luxury market, they come with significant complexities, including properties sold “as-is,” lengthy bank approval processes, and no guarantee of a deal. These...
by Dan Polimino | Jun 13, 2008 | Investing
Quick Answer: A short sale on the Kona-Kohala Coast occurs when a lender agrees to accept less than the full mortgage amount to avoid foreclosure. This can present an opportunity for buyers to acquire a luxury vacation rental or second home below market value. While...
by Dan Polimino | May 23, 2008 | Investing
Quick Answer: If your luxury Hawaii second home is facing foreclosure, contact your lender immediately to explore options such as a loan modification or a short sale. At the same time, consult a Hawaii real estate professional to evaluate a fast, strategic sale, which...
