Top Real Estate Investments in Honolulu, HI 96813
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Prudential Locations
Request help in buying or selling a home from Prudential Locations. We are based in Honolulu, Hawaii, and specialize in real estate services. ...read more
By Prudential Locations September 04, 2014
New Short Sale Procedures
Are you behind in your mortgage? How about someone else you know, a friend or family member? Have they been under the 'relative' protection of the non-judicial foreclosure moratorium since the summer of 2011 but are wondering if that will be renewed as it nears its 1-year anniversary this July? Is a short sale looking like more of a solution now than it was before? It would make sense as you can still write off the deficiency taxes for at least the remainder of the calendar year. In 2012? Maybe not, so now's a good a time as any if a short sale is your chosen alternative to a foreclosure whacking your credit report. However, you may (or probably) have heard about all the fiascos regarding short sales in the past, how the banks didn't know up from down, left from right. About having to fax in document after document only to be thrown back to the beginning of the approval process. That's even before you worry about having someone even interested in your property! Many buyers don't want to stick around for 6 months or more to get the short sale approved when there are homes available on the market that they can close on in 30 days. Well, as of last week the nation's #1 mortgage lender, Bank of America, instituted new procedures to help streamline and accelerate the short sale approval process. Any short sales that were not yet approved at that time had to be rebooted, unfortunately, but let's hope these new steps by BOA will help sellers, agents and investors alike in getting these deals approved and put to bed. It's too early right now to know if this can be labeled a success but anything's better than where it is right now. And there are plenty of people here in Hawaii and elsewhere around the country with BOA loans that could use a system that works FOR them instead of against them! ...read more
By Big Rock Investments, LLC April 27, 2012
Hawaii Probate - How to Sell an Inherited House for Cash
No one likes to discuss probate very much, and it's certainly understandable why. We all grieve when a loved one passes away. At the same time, it's a part of life that there is usually an estate that needs to be addressed. Unfortunately, going through Hawaii probate -- or in any state -- can be a drawn out process that can lengthen or even intensify the mourning process. The assets you and any siblings or other heirs inherit may be more of a liability than an asset, depending on the circumstances. In almost every situation, the biggest asset is the house. You may be asking yourself: What am I going to do with the house? How can I afford the repairs or renovations? How long will it take to sell and at what cost? How am I going to pay off these estate taxes? Why is this causing so much stress or family fighting? **Why can't I just put this behind me?** I get it. I've seen firsthand how the division of assets can be, shall we say, troublesome. However, there is a solution for all of the above. My company, Big Rock Investments, works with people in this exact situation. You see, we're a Hawaii real estate investment company right here in Honolulu with lots of private investor capital. That means we can buy your house without having to go get a bank loan. So when we say we're going to close, we close. We can save you both the fees and time of selling the traditional way with a realtor. A realtor is going to cost you -- or the estate -- up to 6% in fees. That's $24,000 right off the top for the median single family home on Oahu. That's not pocket money. We can also close in 25 days or less, saving you month after month of not just expenses, but wondering whether a buyer is going to appear and purchase the house at all. How comforting would a 25-day closing be to help you move on? What else? How about not having to make any repairs? Buyers today want a finished product. If you don't have the funds to renovate the property up to today's standards, don't worry. We have contractors and handymen to take over. We'll take the house as it stands today. If you are currently working with a probate attorney, then we will gladly work with them as well for a team approach to completing the sale of your inherited house. We might even be able to cover part or all of your attorney fees. Here are all the benefits of selling your inherited house direct to Big Rock Investments: A fast closing of 25 days or less Saving 6% in realtor fees Not having to make any repairs at all Peace of mind of a guaranteed close There is no obligation whatsoever to accept our offer. Simply speak with us and we'll present you with a couple options. If you choose not to accept our offer, then you have our promise we'll try to find you someone else who can assist you. To speak with us about your Hawaii probate property or any other property you're interested in selling, just call (808) 377-4379 or visit bigrockinvestments.com Aloha, Mike Michael Borger, Owner Big Rock Investments, LLC Honolulu, HI (808) 377-4379 bigrockinvestments.com ...read more
By Big Rock Investments, LLC January 26, 2012