I noticed this morning another lender-owned property coming to market here in Oahu. This makes the fourth lender-owned or foreclosure property that we have seen in the last 30 days.
I had previously thought that Hawaii might escape high levels of foreclosed properties, but is seems that the first wave of properties that were over leveraged are now coming back on the market.
We are in the process of developing a page on my website for commercial properties, until that is set up, here’s a link to information on a commercial foreclosure property in Kauai:
Also, the Kapolei Spectrum Business Park (II) on Oahu is going through a Lender REO sale. Offers are due on May 15th, you can contact me with any questions you have.