Archive for May, 2009

Honolulu Foreclosure Options Part 1

Saturday, May 30th, 2009 Posted in Mortgage Issues | Comments Off

First, a disclaimer.  Foreclosure is a very complicated process with far-reaching results.  I cannot stress this enough:  consult your lenders, your attorney, your CPA and your real estate professional to ensure ... Read more..

Mortgage Forgiveness Debt Relief Act

Wednesday, May 27th, 2009 Posted in Mortgage Issues, Real Estate | Comments Off

From the Internal Revenue Service's point of view, if someone forgives a debt you owe them, the canceled amount may be taxable income. In December 2007, Congress passed the Mortgage Forgiveness Debt Relief Act.  Under ... Read more..

Memorial Day Message from Honolulu

Sunday, May 24th, 2009 Posted in General Interest | Comments Off

The purpose of the Memorial Day holiday is to commemorate the many U.S. military men and women who died serving our country.  Tomorrow, before you begin celebrating the holiday with ... Read more..

May 2009 Harbor Court Condominium Market Report Honolulu

Thursday, May 21st, 2009 Posted in Harbor Court, Market Reports | Comments Off

Summary Only one Harbor Court apartment has been sold in the last ten months, but one condo just accepted an offer and opened escrow.  In addition, there is a very attractively priced apartment available ... Read more..

Do You Qualify for a Honolulu Real Estate Short Sale?

Monday, May 18th, 2009 Posted in Mortgage Issues, Real Estate, Short Sales | Comments Off

First, a disclaimer.  I cannot stress this point enough: consult your attorney, your CPA and your real estate professional to ensure you fully understand all ramifications of a short sale. In ... Read more..

Government Loan Highlights for Honolulu Part 3

Friday, May 15th, 2009 Posted in Buyers, Mortgage Issues | Comments Off

As I wrote in parts 1 and 2 of this series, government mortgage loans are becoming more and more popular because funds from conventional sources are very hard to obtain.  In the final part of this series, we’ll ... Read more..

Speechless

Thursday, May 14th, 2009 Posted in General Interest | Comments Off

[youtube:http://www.youtube.com/watch?v=lYwZa8jvNp4] Read more..

Random Thoughts

Tuesday, May 12th, 2009 Posted in General Interest | Comments Off

I am bothered by the fact that the federal government has taken a tremendous financial and management role in a number of critical U.S. industries such as the auto makers, banks/insurance and broadcasting.  ... Read more..

May 2009 Imperial Plaza Condominium Market Report Honolulu

Saturday, May 9th, 2009 Posted in Imperial Plaza, Market Reports | Comments Off

Summary As you can see in the chart below, winter sales at Imperial Plaza were extremely slow, but are beginning to pick up.  Four of the 12 apartments for sale offer more ... Read more..

Government Loan Highlights for Honolulu Part 2

Wednesday, May 6th, 2009 Posted in Buyers, Mortgage Issues | Comments Off

As I wrote in part 1 of this series, the Nation’s financial crisis caused several liberal sources of home financing to disappear.  No one knows if they will return.  Today's complex ... Read more..

Honolulu Real Estate: STUNNING and IMMACULATE One Waterfront Towers Condo For Sale

Saturday, May 2nd, 2009 Posted in One Waterfront Towers, Real Estate | Comments Off

Michael Zimmerman just listed apartment Makai/2803 in the One Waterfront Towers Condominium for sale. [caption id="attachment_822" align="aligncenter" width="500" caption="Lanai"][/caption] Two words:  STUNNING and IMMACULATE! One Waterfront Towers Condominium 415 South Street Makai/2803 Honolulu, HI 96813 MLS #2906011 View the 4-page ... Read more..