Maui Homeowners are feeling the dramatic effects of the current "economic" turmoil. It is quickly becoming more & more of a harsh Reality for some homeowners that they cannot continue the way things are currently heading. I am talking about a Monthly home mortgage they no longer can afford to pay. In the recent past few weeks, I have received many calls from Homeowners seeking my assistance from what they are calling a "Black Hole" Mortgage. The Home they are paying for is now worth LESS than what they bought it for a few years ago. They are seeking an exit strategy from their home, condo or investment property, in lieu of imminent foreclosure. The first option I suggest would be to approach the Bank who holds the note on their Mortgage and see if they can qualify to refinance to a fixed rate mortgage and a lower interest rate. This would be the best option, if it can be done. When that option is not available, another option would be a "SHORT SALE". This option could possibly apply to Homeowners who are currently suffering from some sort of FINANCIAL HARDSHIP. But it MUST be a HARDSHIP. A hardship can be anything from loss of a Job, Businesses closing or relocating, dramatic or financial collapse of personal assets, corporate downsizing, loss of income due to Illness or death, increasing larger monthly mortgage payments due to variable interest's rates adjustments and many other personal factors. I am a "Short Sale Specialist" on the Island of Maui. I am trained to assist homeowners who ran out of Options and would like to avoid LENDER FORECLOSURE. Today banking Institutes are tightening the restrictions on "SHORT SALES" and also limiting the opportunities to utilize this process of "Cutting the cord" of a distressed property. Short Sales are NOT A GUARANTEE by any means. The Banks will probably still start the Foreclosure process if you become delinquent with you Mortgage payments. Just because you can't make your monthly Mortgage payment, doing a Short Sale is not a "GET OUT OF JAIL" Free card. There will always be a possibility that you will lose your home or Investment if you do not make your agreed monthly Mortgage payments. Short Sales take time. It is not a quick fix solution. Some Short Sales can take 60, 90, or even 180 days or more. Some Short Sales have even taken as long as a year. Be prepared to WAIT...and wait...and wait. During this process, Buyers will sometimes lose interest or find another property. Especially with the recent passage of Act 137, the Mortgage Rescue Fraud Prevention Act (MRFPA), that was signed into law by Governor Lingle on June 3, 2008. This law significantly affects REALTORS with regards to the sale of a "distressed property," as defined by the Act. They require much more disclosure issues and really limit the ability for Realtors to assist the Homeowners in the role that they play. That is why many Realtors today, will not take on any "SHORT SALE" listings. Luckily for you here on Maui, we still do have Realtors who will be there to help Distressed Homeowners, and I am one of those Experienced Short Sale Realtors. Please call me and I will be happy to meet with you to discuss this matter more. Doing nothing WILL NOT make the pain or stresses you are feeling go away. It all starts by picking up your phone and calling me. (808)250-6396 Always here for you,
For all your Real Estate needs on Maui, Please call me and I will be happy to assist you or any of your referrals from you. Mahalo
Please Call me!
Hector M. Yepis R(S)
Real Estate Consultant
(808)250-6396
Keller Williams Realty Maui
1819 S. Kihei Road, Suite D-110
Kihei MAUI HI 96753
(Each Office Independently Owned & Operated)
Welcome to MAUI SUNSET Condominiums.
This beautifully manicured, well maintained complex is located on 1032 S.Kihei Road, in Kihei on the island of MAUI. This property is situated on over 5 1/2 acres of Ocean front property. There are 225 FEE SIMPLE Apartments in two 5-story buildings. This complex was constructed using concrete block in 1975, with condominiums ranging in size from one, two and three bedrooms. All units include two bathrooms, full kitchen, washer/dryer and air conditioners. The interior living areas range from 681 sq/ft. to 1392 sq/ft. plus lanais(Patios) ranging from 112 sq/ft. to 256 sq/ft.
Amenities include Pool, Jacuzzi, Sauna, BBQ areas, Recreation area, Tennis courts, excercise room, garage, bicycle parking, all within steps from the beach. This complex is centrally located near buinesses, stores, post office, banks, schools, churches, golf courses, minutes to the Airport and downtown Kahului. Most units have Ocean views.
Maui Sunset Condominiums are very nice Ocean front location that offers many enjoyable features when you visit or live here on Maui. You can do long term rentals(30 days or more) or short term rentals(By the day) here at this complex which make it a very popular investment opportunity.
Originally these units Sold between $57,500 and $113K. Currently(JAN 2008), Units are listed for sale between $429K - $495K.(Only 3 available at time this was written, all of the 1 bedroom, 2 bath).
If you or someone you know would like more information about this or any other property on Maui, please give me a call and I will be happy to assist you.Your SOUTH MAUI REAL ESTATE CONSULTANT! 
Hector M. Yepis R(S)
Real Estate Consultant
(808)250-6396
Keller Williams Realty Maui
1819 S. Kihei Road, Suite D-110
Kihei MAUI HI 96753
(Each Office Independently Owned & Operated)
Welcome to KIHEI BAY SURF CONDOMINIUMS,
KIHEI BAY SURF condominiums is located on 715 South Kihei Road on MAUI, HAWAII. This condominium development is made up of 7 two-story buildings with 118 Studio apartments, built in 1979. They are a FEE SIMPLE property and have a resident manager and community laundry facility. Each Studio has a total living area of 445 sq. ft plus 78 sq. ft. lanai.(Patio) This complex ALLOWS long term and short term vacation rentals. I have personally "SOLD" 3 units within this complex and I think this complex is great for First Time Owners or Real Estate Investors looking to have a vacation rental property on Maui. The main reason is because they are usually the lowest price Fee Simple vacation rental approved condominiums available in Kihei, they are located right across the street from the beach, a park, the whale sanctuary, and the only ancient fish pond on this south side of Maui, and because the maintenance fees INCLUDE ELECTRICITY. They make great vacation rentals because it is centrally located, close to all, have a nice in-ground pool and one of the largest Jacuzzis on Maui in a condominiums complex. Also, there is a Tennis court and bbq's for the residents and visitors. It has a very nice tropical setting and well maintained. These unit were originally "SOLD" for $43K - $46K. Currently,(DEC 2007) units are listed for sale from $208K - $345K. If you or someone you know would like more information about this or any other property on Maui, please give me a call and I will be happy to assist you.
For ALL your Real Estate Needs in KIHEI, MAUI Hawaii.
Please Call me!
Hector M. Yepis R(S)
Real Estate Consultant
(808)250-6396
Keller Williams Realty Maui
1819 S. Kihei Road, Suite D-110
Kihei MAUI HI 96753
(Each Office Independently Owned & Operated)
 |
|
|
Specializing in Maui Real Estate Properties, Luxury Beach Front Homes & Condominiums. I can assist you when Buying or Selling on the "World's Best Island", Maui
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
