Honolulu Hawaii Homes Real Estate

Hawaii Foreclosures Way Up Again‎

Foreclosure activity in Hawaii rose 1 percent during the first quarter of 2010 and was up 111 percent from the same period last year. In all, the state reported 3,286 properties with foreclosure filings during the quarter, according to RealtyTrac.

In March the state reported 1,097 properties with foreclosure filings, a 13 percent increase from the previous month and 52 percent above the level reported in March 2009. One in every 468 Hawaii housing units received a foreclosure filing during the month, the 15^th highest state foreclosure rate.

“Hawaii reported another increase in foreclosure filings in March as activity remained high for the first quarter of 2010 and as compared to March 2009,” said James J. Saccacio, chief executive officer of RealtyTrac. “Although the state’s job market has remained relatively steady for the past several months, foreclosure activity more than doubled in the first quarter of 2010 compared to this period last year.”

One in every 156 Hawaii housing units received a foreclosure filing during the quarter — the 13^th highest state foreclosure rate in the nation.

Hawaii County tops in foreclosure rate for the first quarter

Hawaii County had the highest county foreclosure rate in the state during the first quarter, with one in every 93 housing units receiving a foreclosure filing — 1.5 times the national average and 1.7 times the state average. Maui County had the second highest rate, with one in every 99 housing units receiving a foreclosure filing — 1.4 times the national average and 1.6 times the state average. Kauai County came in third, with one in every 147 housing units receiving a foreclosure filing — 1.1 times the state average.

Honolulu County led state in total foreclosures for the first quarter

Honolulu County led all counties in total foreclosure activity, reporting 1,564 properties with foreclosure filings for the quarter. Hawaii County was second, reporting 853 properties with foreclosure filings. Reporting 666 properties with foreclosure filings for the quarter, Maui County came in third. Kauai County was fourth, reporting 203 properties with foreclosure filings.

Tags: foreclosures in hawaii, hawaii foreclosure, hawaii foreclosure listings, hawaii foreclosures

1549 Ala Lani St 8 Bedroom 3 Bath Single Family Home Moanalua Valley

8 bedroom, 3 bath, Single Family Home in Moanalua Valley (Moanalua High School, Middle / Elementary)

Within 2 miles: Tripler Army Medical Center (TAMC), Honolulu Airport, Kaiser Hospital, Camp Smith, Fort Shafter, Pearl Harbor

MAP

8 bedroom, 3 bath, single family home in Moanalua Valley (Moanalua High School, Middle School and Elementary)

ML#: 2915741

List price: $797,000

FS – Fee Simple
TMK 1-1-1-045-030-0000

BR: 8 Baths: 3 / 0
1549 Ala Lani St

Living area: 2,906

2 lanai and 2 decks
MOANALUA VALLEY

Stories: Basement, Three+

Land: 6,875 YrBt: 1973
Views: Mountain , Ocean

Pool: None
Parking: 2Car carport , Street
Taxes: $192/month
Listing Office: East Oahu Realty, Inc.

Tri-level, spacious home, great for extended family living. Top/Main level 2/1, 2nd level 4/1 and lower is 2/1 (remodeled, see photos). Open kitchen, dining area and good size living room opens to views and decks on back of house at each level. Stairways on each side lead to side decks. Large home with possibilities! 4 separate entrances with many options. GREAT LOCATION IN CENTRAL HONOLULU.

Call Frank Diaz, MBA (RA), e-PRO
East Oahu Realty
808 723 0900
http://www.hawaiihome.biz/about/

Ala Lani Street at Ala Iolani St (google map) (yahoo map)

• Location: Moanalua

1549 Ala Lani Kitchen Moanalua Valley Open Kitchen 1549 Ala Lani Moanalua Valley	1549 Ala Lani Street Salt Lake / Moanalua Valley
Ohana Kitchen bottom floor Full 2 bedroom on bottom floor 1549 Ala Lani Moanalua Valley	Ocean View 1549 Ala Lani Ocean View 1549 Ala Lani Moanalua Valley Salt Lake

Tags: 1549 Ala Lani, Honolulu, moanalua, moanalua valley, salt lake

First-Time Homebuyer Credit Extended

New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:

• Extends deadlines for purchasing and closing on a home.
• Authorizes the credit for long-time homeowners buying a replacement principal residence.
• Raises the income limitations for homeowners claiming the credit.

Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.

For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived  in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.

People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009.

General Information

Homebuyers who purchased a home in 2008 or 2009 may be able to take advantage of the first-time homebuyer credit. The credit:

• Applies only to homes used as a taxpayer’s principal residence.
• Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
• Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

The credit is claimed using Form 5405, which you file with your original or amended tax return.

Tags: First-time buyers, First-Time Homebuyer, home buyers tax credit

Short Sales, Lender’s Sales Foreclosures Townhouses Condos Honolulu to Hawaii Kai week of October 19

LH = Leasehold, not fee simple

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Short Sales, Lender’s Sales, Foreclosures, Single Famly Homes from Honolulu to Hawaii Kai week of October 19

Tags: Aina Haina, foreclosures, Hahaione, Hawaii Kai, hawaii kai homes for sale, Kaimuki, Kalama Valley, Kamilo Nui, makiki, marina, Mariners Ridge, palolo, Pauoa Valley, short sales, Triangle