My newest short sale listing is in this Wailua Houselots home for sale.
The houselots are only a few minutes walk to Wailua Bay, a good beach for swimming or kite surfing. It’s a simple, single wall construction home with multiple lanai and a carport. The lender is Wells Fargo and with Wells’ use of the Equator short sale system, things move fairly quickly, which makes it good for all parties to the transaction.
Buyers need to understand that in a short sale, the servicing bank (Wells Fargo) and any additional stakeholders like the investor (who owns the loan), or the mortgage insurers (whether the seller’s or lenders) may have requirements that effect the transaction. So, buyers must be patient while all these stakeholders weigh in.
Priced at $269,000, it’s a great way to get into the Kauai single family home market and so conveniently located (MLS# 251238).
For a greater understanding of short sales and REOs, download my Foreclosure Facts and Opportunities Toolkit. It’s FREE!