The First Kauai Foreclosure (REO) Listing At Waipouli Beach Resort
The first foreclosure listing at Waipouli Beach Resort was released to the Kauai MLS yesterday. Unit A304, a 2 bedroom, 3 bath condo owned by US Bank National Association is listed at $1,060,900. It was originally purchased in September, 2006 for $1,750,000. The condo resides in the coveted â€œAâ€ building which is the closest building to the beach at the resort. Itâ€™s a fantastic buy for someone who wants to be on the beach while enjoying the luxury amenities offered at Waipouli Beach Resort.
There are currently 13 owners out of 198 units that are behind on their maintenance fees at the resort. We expect to see more foreclosures in the months to come. Weâ€™ll keep you posted!
Rod Easterly, Director of REO Sales