Are You Considering a Honolulu Short Sale?

By Michael Zimmerman | Published: February 12, 2010

Disclaimer:  Consult your attorney and your CPA to ensure you fully understand the ramifications of a short sale. Given the state of our economy, it appears short sales are becoming more popular as unemployment drives some folks toward foreclosure.  Hawaii foreclosures rose in 2009, destroying owners’ credit in the process.  A short sale may have helped minimize that damage.  For … Continue reading Are You Considering a Honolulu Short Sale?

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February 2010 Honolulu Condominium Market Report – Harbor Court

By Michael Zimmerman | Published: February 8, 2010

Summary It’s been more than two years since we’ve seen this many sales at Harbor Court.  Three apartments sold in the last quarter of 2009:  a penthouse sold for $800,000 and two other apartments sold for $560,000 and $545,000 (consistent with the sale at $550,000 in August 2009).  So, we’ve seen three non-penthouse apartments sell in the $550,000 range in the … Continue reading February 2010 Honolulu Condominium Market Report – Harbor Court

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New Mortgage Consumer Protections Will Impact Your Honolulu Home Closing Timeline

By Michael Zimmerman | Published: February 4, 2010

The Federal government enacted three separate initiatives during the last eight months designed to help the home buyer make better financing decisions.  These initiatives impose requirements that impact the loan closing timeline and affect the closing process for lenders and settlement agents.  The three initiatives are: May 2009 Home Valuation Code of Conduct (HVCC) - ensures borrowers have sufficient notice … Continue reading New Mortgage Consumer Protections Will Impact Your Honolulu Home Closing Timeline

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Honolulu Real Estate Statistics – January 2010

By Michael Zimmerman | Published: February 2, 2010

The Honolulu Board of REALTORS® released resale figures for the month of January.  According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Single Family Home Resales   Number of Sales This Month Compared To Median* Sales Price This Month Compared To Jan 2010 … Continue reading Honolulu Real Estate Statistics – January 2010

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