On May 5, 2011, Hawaii Governor Neil Abercrombie enacted into law SB 651, effectively stopping all new non-judicial foreclosures throughout the state of Hawaii. Hailed by some as the strongest foreclosure law in America, this new legislation now gives Hawaii homeowners in preforeclosure the option of a face-to-face meeting with their foreclosing lender (want to sit across a desk from the Bank of … [Read more...]
Hawaii Foreclosure Moratorium Coming?
By now many people in Hawaii have heard of the upcoming 5-month foreclosure moratorium that passed the House and is headed for the Senate. The basic gist of it is that it will prevent illegal foreclosures from being processed. However, what many are failing to realize is that only a tiny fraction of the foreclosures that are hitting Hawaii (recently ranked #11 nationwide in foreclosure filings per … [Read more...]
6 Biggest Homeowner Challenges for 2011
Aloha everyone. Quick post here for homeowners or those in the market. I'm curious what everyone feels is their biggest real estate challenge for 2011. There's certainly no shortage to choose from. Here's a list of the most common concerns I've heard lately from friends and acquaintances: Underwater or upside-down mortgages. Facing a foreclosure or afraid one's not too far down the road. Lots … [Read more...]