It was an interesting week in South Maui foreclosures, not so much for what was listed as what was not listed. According to the Asset Managers with whom I spoke, the new Hawaii legislation, Act 48, is beginning to affect the foreclosure inventory. They tell me to expect fewer foreclosure listings in the next year and a growing number of short sales—although, coincidentally, there were no new shorts listed this week.
If you’re considering a short sale or foreclosure purchase, make sure you partner with a buyer’s agent who knows the laws, asset managers, inventory, and properties.
Kevin Spaise, publisher of The Maui Condo Book and Hawaii Life’s Kihei and Wailea Condo Specialist, does a weekly video showcasing the most interesting Kihei and Wailea foreclosures.