Once again I am getting ready to deliver a couple of seminars entitled, "Home Retention 101" for homeowners on Kauai. The sessions are Monday November 1st at 3 p.m. and 7 p.m. at the Courtyard by Marriott in Kapaa (formerly the Aston Kauai Beach at Makaiwa). In the spirit of Halloween I was thinking that Kauai homeowners were TREATED to an inordinate amount of home appreciation from 2002 til 2007. Prices literally tripled here during that short window of time. However, many homeowners were TRICKED into getting loans that they had no business getting. MOst lenders were not generally in the business of warning people about how risky these pay option ARM and interest only loans were nor the fact that the market may not be sustainable. Nevertheless, what happened happened.
For those homeowners who are behind on their mortgage, or who own properties that are worth less than the amount they owe (currently one in four Americans or something close to that), there are options. I can help explain those options and answer questions regarding the difficult situation that many homeowners are in.
From reinstatement and forbearance through the entire foreclosure process, we'll cover many topics including an update as to what all the fuss about halting foreclosures may mean in the short term to homeowners.
Hawaii is a recourse state where the lender has the right to a deficiency judgement. Hawaii is also a state where both non-judicial and judicial foreclosures are happening. Learn the difference and what the banks are currently doing at our courthouse steps. If you know anyone on our island that might benefit from this free seminar, please send them our way this monday November 1st.
Register Here for Home Retention 101 - Sponsored by Hawaii Life Real Estate, Old Republic Title and Escorw, 101 Financial and Island Pacific Mortgage.
Call if you have any questions, 808.346.7095
Ron Margolis, RA, CDPE, ABR Hawaii Life Real Estate Services 808.346.7095 email: firstname.lastname@example.org