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James Nellis is Your Auction property Resource for HI

Auction property


HI

*An affiliate of the "Nellis National Real Estate Lists" - a network of top real estate agents dedicated to providing home buyers & sellers the best resources and services to make your dreams come true!

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Buying or selling a home is the largest, and one of the most personal and important transactions of your life. You deserve the absolute best real estate experience which means you need the best real estate professionals.

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FEATURED Auction property

IN HI

As foreclosure rates come to record levels, more sellers are converting to auction sales as a way to keep away from foreclosure. So, how does it work? An auction home means the seller organizes with their auction realtor and accepts a price that's less than the amount that they owe on the property. As part of this agreement, the lender typically agrees to eliminate the rest of the loan. As a result, the seller doesn't have to go through a foreclosure, the buyer picks up an auction sale property in HAWAII at a discounted amount, and the lender avoids taking on the stress of unloading the property. Sounds good right? Well, sellers selling auction housing in HAWAII need to know that an auction sale may hurt their credit, though probably not as significantly as a foreclosure. Also, lenders generally will only approve an auction sale if the seller is numerous payments behind and has received a default notice. Buyers may get a great auction property for sale in HAWAII at a discount, but they also will need to go through some extra paperwork as well. Not to mention, they also need to be ready to roll up their sleeves if that new auction real estate requires quite a bit of fixing up. Auction properties in HAWAII are for sale at a price lower than the amount owed on the mortgage. Property owners hope to sell their home as an auction town home to avoid penalties involved with going into foreclosure. What can make it complicated to buy an auction property is that there are often two mortgages on the home and both the lenders must approve the sale. The possession of the mortgages on an auction home usually belong to more than one individual, so you'll likely have to persuade multiple banks and lenders to take a loss on their initial loan. This is why it often takes so long to get the authorization on an auction sale offer. If the auction sale fails and the homeowner can't manage to pay his mortgage, then the bank forecloses on the home. Auction condos and properties are still owned by the home-owner, while foreclosures are owned by banks. If an auction home for sale cannot be sold in time, the bank starts foreclosure to try to sell the home directly, often in an auction. If the auction fails to turn up a buyer prepared to pay at least what the bank was owed on the home, the home becomes Real Estate Owned (REO), where the owner is the bank. The bank then commonly sells the property through a real estate agent. If you still plan to make an offer on an auction sale, be ready for a long haul. In the meantime, we suggest that you keep touring and considering other properties in case the auction sale doesn't go through. Keep in mind that even if your offer is acknowledged, the banks will usually ask you to buy the home as-is and won't cover for any repairs discovered by an inspect
$695,000
3 Baths
4 Beds
2000 Area
2car Garages
$575,000
3 Baths
3 Beds
1900 Area
2car Garages
$750,000
4 Baths
4 Beds
3000 Area
3car Garages
$450,000
4 Baths
4 Beds
2200 Area
2car Garages
$525,000
2 Baths
3 Beds
1600 Area
1car Garages
$1,200,000
4 Baths
5 Beds
3400 Area
3car Garages

Cities we serve:


img Aiea, HI img Anahola, HI img Camp H M Smith, HI img Captain Cook, HI img Eleele, HI img Ewa Beach, HI img Fort Shafter, HI img Haiku, HI img Hakalau, HI img Haleiwa, HI img Hana, HI img Hanalei, HI img Hanamaulu, HI img Hanapepe, HI img Hauula, HI img Hawaii National Park, HI img Hawi, HI img Hilo, HI img Holualoa, HI img Honaunau, HI img Honokaa, HI img Honolulu, HI img Honomu, HI img Hoolehua, HI img Jb Phh, HI img Kaaawa, HI img Kahuku, HI img Kahului, HI img Kailua, HI img Kailua Kona, HI img Kalaheo, HI img Kalaupapa, HI img Kamuela, HI img Kaneohe, HI img Kapaa, HI img Kapaau, HI img Kapolei, HI img Kaumakani, HI img Kaunakakai, HI img Keaau, HI img Kealakekua, HI img Kealia, HI img Keauhou, HI img Kekaha, HI img Kihei, HI img Kilauea, HI img Koloa, HI img Kualapuu, HI img Kula, HI img Kunia, HI img Kurtistown, HI img Lahaina, HI img Laie, HI img Lanai City, HI img Laupahoehoe, HI img Lawai, HI img Lihue, HI img Makawao, HI img Makaweli, HI img Maunaloa, HI img Mcbh Kaneohe Bay, HI img Mililani, HI img Mountain View, HI img Naalehu, HI img Ninole, HI img Ocean View, HI img Ookala, HI img Paauilo, HI img Pahala, HI img Pahoa, HI img Paia, HI img Papaaloa, HI img Papaikou, HI img Pearl City, HI img Pepeekeo, HI img Princeville, HI img Pukalani, HI img Puunene, HI img Schofield Barracks, HI img Tripler Army Medical Center, HI img Volcano, HI img Wahiawa, HI img Waialua, HI img Waianae, HI img Waikoloa, HI img Wailuku, HI img Waimanalo, HI img Waimea, HI img Waipahu, HI img Wake Island, HI img Wheeler Army Airfield, HI

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James Nellis
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Zip Codes for HI

96701, 96703, 96704, 96705, 96706, 96707, 96708, 96709, 96710, 96712, 96713, 96714, 96715, 96716, 96717, 96718, 96719, 96720, 96721, 96722, 96725, 96726, 96727, 96728, 96729, 96730, 96731, 96732, 96733, 96734, 96737, 96738, 96739, 96740, 96741, 96742, 96743, 96744, 96745, 96746, 96747, 96748, 96749, 96750, 96751, 96752, 96753, 96754, 96755, 96756, 96757, 96759, 96760, 96761, 96762, 96763, 96764, 96765, 96766, 96767, 96768, 96769, 96770, 96771, 96772, 96773, 96774, 96776, 96777, 96778, 96779, 96780, 96781, 96782, 96783, 96784, 96785, 96786, 96788, 96789, 96790, 96791, 96792, 96793, 96795, 96796, 96797, 96801, 96802, 96803, 96804, 96805, 96806, 96807, 96808, 96809, 96810, 96811, 96812, 96813, 96814, 96815, 96816, 96817, 96818, 96819, 96820, 96821, 96822, 96823, 96824, 96825, 96826, 96828, 96830, 96836, 96837, 96838, 96839, 96840, 96841, 96843, 96844, 96846, 96847, 96848, 96849, 96850, 96853, 96854, 96857, 96858, 96859, 96860, 96861, 96863, 96898
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