Kona Kohala Blog

You can now read about Short Sales and look at a list of Short Sales for both North Kona and South Kohala.

To learn more about short sales, click here.  This page will define short sales, talk about the pros and cons of short sales, help you find out if you're qualified to do a short sale if you find yourself in that position and it talks about the 16 steps necessary to put together a complete Distress Package for your lender which will help insure that your short sale is accepted.

If you'd like to look at a list of short sales, click here.  This list will be updated weekly and show all Single Family Residences (SFR's) and condos in both North Kona and South Kohala.

Buying a short sale property can be a way to get a very good price on a property, however, it takes a lot of patience to close one.  Banks are notoriously slow at processing short sales and for good reason.  Working with an experienced short sale broker can take a lot of the frustration out of the process.  I spend time cultivating relationships with Loss Mitigation Specialists who work for the lenders processing short sales.  Having an inside contact can make all the difference between waiting 6 months or waiting 2 to 3 months.

I also cover news on short sales in the Aloha Friday newsletter; to sign up, click here.  For specific information please call 808-896-0661 or email Robert@FerrariPacificRealty.com.  aloha