Hawaii’s Act 137 Screws Short Selling Sellers
October 13th, 2008 categories: For Sellers
If you need a short sale, Act 137, makes it very hard for a Realtor to help you. Act 137 makes it illegal for an agent that acts as a DPC (Distressed Property Consultant) to be paid a commission. Before you throw a party because you can now save a commission, consider that because of this law many Honolulu agents and brokers will not work on short sales. This will diminish the market exposure for your property, which means that you will get even less for your home.
This law has thrown the Realtor community into a quandary because the law makes many of the things a Realtor does in a distressed property sale come under the purview of a DPC. If a Realtor acts as a DPC and violates the law, the penalty can be as high as three times the sales price of the home. This huge potential penalty is enough to scare off many Realtors. Here is another example of our good intentioned Government screwing things up.
Remodeled kitchen.
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Realtor Code of Ethics
Determining Offering Prices
Pricing Your Home
Long Term Investment Makes Sense
Honolulu Schools
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Hawaii Distressed Property Terms
October 13th, 2008 categories: For Sellers, Homes For Sale
Are you considering buying a distressed property in Honolulu? If this is your first time entering this arena, it might be helpful understand some of the terms you will run into. What follows are a few of those terms with a brief description. If more in depth information is needed, links are provided that will allow you to get deeper. Note that all of these definitions were copies from available on-line Wiki’s. Read the rest of this entry »
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A Pre-Foreclosure, 2 REO’s & 3 Short Sales
October 10th, 2008 categories: For Buyers, Homes For Sale
Here is today’s list of Oahu purchase opportunities.
CLICK HERE FOR A COPY OF THE LIST.
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Honolulu Foreclosures…Good News!
April 29th, 2008 categories: For Buyers
Read this article which shows Honolulu having the second lowest foreclosure rate in the U.S.
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