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Market Update
Senate Bill 651 (Act 48)* created a Mortgage Foreclosure Dispute Resolution (MFDR) Program that provides an opportunity for owner occupants of residential property in non-judicial foreclosure to meet face-to-face with the lenders to modify their loans or to work out a payment plan within 3 months.
You will have to reside in your property for a minimum of 200 consecutive days. The non-judicial foreclosure process is suspended until the dispute resolution is complete.
This program started on October 1, 2011 and will continue until September 30, 2014. It is administered by the Department of Commerce and Consumer Affairs with the assistance from the State Judiciary's Center for Alternative Dispute Resolution.
See attached to find out how the Mortgage Foreclosure Dispute Program works. Feel free to contact 808-586-7582 or 808-586-2760 for more information.
Act 48 gives the owners and lenders an opportunity to come up with a mutually acceptable solution to help the homeowner keep their property if they choose to do so.
Mahalo Nui Loa,
Greg, Melissa, Ken, and Jeremy
P.S. – If you are obtaining a building permit* and need to check up on the status, the Maui County website can be confusing. Here's a list of the Maui County Permit Decision Codes to help guide you. This is brought to you by our friends from Old Republic Title and Escrow.
* Our apologies, but due to technical difficulties, we were not able to upload the links for Building Permits or details about Senate Bill 651 to Public HTML. If you would like to get that information, kindly drop us an email, and we will gladly send them to you as attached PDF files.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
Market Watch for July 23rd, 2012
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Active |
Pending |
Sold |
Change |
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Homes |
531 (243) |
245 (21) |
899 (122) |
+1 |
|
Condos |
799 (161) |
224 (10) |
1155 (74) |
-13 |
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Land |
422 (102) |
31 (4) |
144 (18) |
-5 |
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Total |
1752 (506) |
500 (35) |
2198 (214) |
-17 |
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1. The numbers in parentheses reflect the number of listings over $1M
2. Sold listings are for the previous 12 months.
3. Change is the increase or decrease in number of active listings from the previous week.
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Homes Over $1M
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85 Pukolu Place
Wailea
$1.2M (FS)
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Welcome to a spacious 5 bedroom, 3.5 bath home located in one of Wailea's premier gated communities. 4,232 sq. ft. of entertainment home sits quietly at the end of a cul-de-sac on a 8,694 sq. ft. lot. Main level of the home consists of main living area that opens to the tiled pool and spa, large dining area, great kitchen with stainless steel appliances, breakfast area, home office, 2nd bedroom and large master suite. Downstairs of the home will give you a pleasant surprise.
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588 Kai Hele Ku Place
Launiupoko
$1.595M (FS)
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Fantastic views of Lanai and Molokai from spacious 2nd story lanai. Brown Development remodeled 4 bd. /4 bath 2 story home. Upstairs has a great room that opens to an unbelievably large covered lanai (14' x 30'), 2 bedrooms/2 bath, travertine floors, granite countertops, mahogony trim work. Downstairs has large Family Room, which opens to the pool area. Master bedroom, with a great ocean view and 1 more bedroom/study.
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Homes Under $1M
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59 Aliilani Place
Kihei
$265K (FS)
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Short Sale. Just a few minutes stroll away from the beach and a park. This is a great starter home or investment property for you to dress up as you wish. With a nice yard, your kids and pets will enjoy their own play area.
Customer Listing Synopsis
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29 Maha Road
Makawao
$294.5K (FS)
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Great 3 bedroom, 1 bath home at Na Hale O Kilinahe in Makawao. Perfect for 1st time home buyers! Great location nearby the heart of Makawao town, schools and Eddie Tam park. Home was completely remodeled in 2007 with a covered car port and nice yard space.
Customer Listing Synopsis
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715 Kilihau Street
Wailuku
$310K (FS)
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3 bedroom 2 bath home located in a peaceful and family oriented neighborhood. Custom rock retaining wall in the front of the house with ocean views from the living room.
Customer Listing Synopsis
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4455 Kahekili Highway
Wailuku
$437.9K (FS) |
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Bank Owned. Land area in public records show 3.63 acres with a main house of 2,100 sqft with an in-ground pool and a detached cottage of 1,260 sqft.
Customer Listing Synopsis
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2853 Panepoo Street
Kihei
$599K (FS) |
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Ocean views from upstairs. Great location in South Maui near world famous beaches, dinning and shopping. Home has 3 bedrooms and 3 baths with covered lanais for all day enjoyment. There are two bonus rooms for added guest or ohana possibilities
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Vacation Condo Over $1M
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Whaler #1201
Ka'anapali
$3.1M (FS)
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"The Penthouse" refers to the best of the rest and #1201 is exactly that. This elegantly appointed private residence offers the most commanding ocean and sunset views 365 days a year. Nestled high a top Tower I at the Whaler on Ka'anapali, this magnificent condominium is designed to meet every expectation of luxury and style.
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Vacation Condos Under $1M
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Kulakane #202
Honokowai
$339.9K (FS)
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Bank Owned. Nice ocean front one bedroom, one bathroom condo with beautiful Pacific Ocean and Island views.
Customer Listing Synopsis
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Maui Kai #303
Ka'anapali
$345K (FS)
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Beautifully upgraded unit in the popular Maui Kai Resort. Beach front location and just a short walk to restaurants and shopping. Central AC and electricity are included in the maintenance fee.
Customer Listing Synopsis
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Wailea Ekolu #708
Wailea
$599K (FS)
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A million dollar view for only $599,000. Enjoy relaxing on your lanai watching the boats go to Molokini in the morning and the sunsets in the afternoon. Upgraded bathrooms, tile floors throughout and did I mention the view.
Customer Listing Synopsis
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Residential Condos
Mount Thomas #205
Wailuku
$137K (FS) |
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Conveniently located in the heart of Wailuku. Close to schools, shopping, and municipal buildings. Building is secured with entry system. Near elevator and trash chute for convenience. One assigned parking stall with additional street parking.
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Kihei Shore B-206
Kihei
$189K (FS) |
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Short Sale. Well kept 2 bedroom, 2 bath at Kihei Shores located across the street from Kamaole Beach Park III. Corner unit! This is a short sale and subject to lienholder approval.
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Ka Makani 10-103
Kihei
$499K (FS) |
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Maui Living at its very best: Sunsets everyday & perfectly located directly across the street from Maui's longest sandy beach. This is a very large 2B 2B unit on the ground floor so you can have immediate access to the beach for walks, windsurfing, canoeing & paddle boarding, swimming or simply relaxing. Just minutes to every location on Maui whether its Wailea, Kahului or Lahaina.
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Vacant Land
98 Keoawa Place
Kapalua
$740K (FS) |
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Bank Owned. A wonderful opportunity to own a magnificent piece of Kapalua! Located overlooking the distinguished Kapalua Resort, this gated community, Honolua Ridge, commands sweeping views of rolling pastures, turquoise bays and the island of Moloka'i beyond. With 4.28 Acres, this stunning property allows you to create your dream home on one of the last remaining pieces of West Maui.
Customer Listing Synopsis
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