Archive for November, 2009
End Of Year Great Time To Buy Honolulu Distressed Property
November 2nd, 2009 categories: For Buyers
The Wall Street Journal reminded me of a terrific opportunity between now and the end of the year.
“Act before year’s end and you just might be able to make the most of the glut of foreclosed properties currently up for sale. That’s because, while banks traditionally have been unwilling to come down on the list prices of foreclosed properties, a year-end push to clear their books of foreclosure backlogs could be a boon for haggle-happy homebuyers.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE
As I have said in the past there are not many REO’s or foreclosures in core Honolulu, however, there are opportunities in outlying areas. For the purpose of this post, my focus is on why the bank and asset manager may be motivated to sell at year end. Here are a few things to keep in mind. Read the rest of this entry »
| Discussion: No Comments »
; ?>/images/MatoChiclet.gif)
