What is an REO?

Want to find Foreclosure, Foreclosed, Real Estate Owned, Bank Owned, Property in Maui, Hawaii? You will find a forclosed homes and condos in Kihei, Kahului, Wailea, Wailuku,

Some REO properties have dead lawns and are poorly maintained. This is not the case with Howard Dinits' REO Listings which is why REO Asset managers love listing agents like Howard Dinits. Howard has pride in what he sells so his listings are maintained and sell quickly, often with multiple offers.

Real estate owned or REO is a class of property owned by a lender, typically a bank after an unsuccessful sale at a foreclosure auction. What goes on at the auction you ask? A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. This is usually the case as the amount owed on the home is probably higher than the value of this foreclosure property. As soon as the bank repossess the property, it is listed on their books as REO – Real Estate Owned – and is categorized as an asset.

As soon as a property goes into a default or distressed status (the borrower/home owner misses mortgage payments) the bank will want to determine the amount of equity that the property has. A popular method to determine the equity is to obtain a Broker Price Opinion (BPO) , CMA or order an appraisal. Top selling REO agent in Hawaii servicing the Big Island, Oahu, Kauai, and Maui offers Free BPO's to all asset managers willing to list the property with RE/MAX Resort Realty and Howard Dinits the top selling agent in their office. Based on the amount of equity that is determined from the BPO, the bank will decide to try for a short sale or to allow it to go through the foreclosure process. If the bank is able to sell the property through a short sale or at a foreclosure auction, then the property will not become a REO property.

After a repossession and the property becomes classified as REO, the bank will go through the process of trying to sell the property on its own or obtain the service of an REO Asset Manager. The bank will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a real estate broker. Asset Managers looking to contact REO realtors that specialize in zip codes in Hawaii to help sell thei bank owned properties often turn to Howard Dinits because of his 99% BPO to Sales Price ratio. Howard knows how to play the price is right. Generally speaking, bank REO properties are in poor shape in terms of repairs and maintenance; however, real estate investors will often go after these properties as banks are not in the business of owning homes and so, in some cases, the low price can more than compensate for the condition of the property. Investors looking to find fixer uppers often contact Howard Dinits as he is a fantastic buyer's agent. Howard has helped more than 200 families in vest in Hawaii, on all islands Oahu, Big Island, Maui and Kauai.

Once a property is REO, the bank or lender will try to dispose of the property by either selling it directly themselves or through an established business relationship that they have with asset managers and REO agents like Howard Dinits RS. Many larger banks such as GMAC, Litton, Greentree, Capitol One, Bank of America and Wells Fargo have REO/asset management departments that will often hire Howard Dinits because of his outstanding attention to detaill and 99% BPO to sale price ratio. All REO properties that Howard Dinits lists are on the open market will be listed in at minimum 2 MLS systems by the Howard Dinits the REO Real Estate agent who performed the BPO.

As a listing agent Howard Dinits may be asked to rekey the home, provide Free BPO's, weekly property inspections, pay any outstanding HOA fees, pay the uility bills, maintain the property, evict the occupant, rekey the property, and most of all sell it in 16 days or less and get multiple offers.

Howard Dinits is committed to being the best there is, so if you are an Asset manager loking for an agent that gets it done and knows how to communicate, please call me at 808-874-0600

If you area  buyer and made it to the end of this post, I want to be your agent. Please call or write, so we can get started.

Below is a list of zip codes Howard services for REO Asset Managers.

(includes Maui, Lanai, and Molokai)

Kauai County Zip Codes

Oahu Zip Codes

What is the zip code for places in Hawaii ?

People always ask me about the deals on Maui.

Well the Deals Go Fast, so I thought I'd put them in one place where you can easily find them.

Please call or email TODAY so we can work together to get you your place on Maui.

Howard Dinits RS
RE/MAX Resort Realty
808-877-0600 or 877-434-6487

bank owned, Just Listed Foreclosure, REO and Short Sales
pease bookmark this page.

Please call Howard Dinits Today 808-874-0600

I want to be your

Maui Buyer's Real Estate agent.
http://www.EasyMauiRealEstate.com

Buyer's Agent HD Video for Kihei Shores Maui 96753

Howard Dinits RS
RE/MAX Resort Realty
808-874-0600

When shopping for Real Estate it is more important to find yourself a fabulous Realtor. A Buyer's agent that knows the market and cares about You. I suggest you use one that is experience and is active in the local Hawaii Maui Real Estate market. I have personally helped over 50 famlies buy or sell this year. Another suggestion is to find an agent that knows technology and everything will go fast & easy. Today's agents should know how to shoot a HD video. Do not trust your most important purchase with a Rookie or an out of practice veteran. You desrve the Best Real Estate Agent in Maui, so call me ad put my expertise to work for you.Howard Dinits is trained in REO's, Foreclosures, Short Sales, Real Sales, and His average days on market when a listing agent is 16 days. You'll find his broker's price opinion to sales price ratio at 99% which is the best in Hawaii

Howard DInits
PO BOX 2249 Kihei HI 96753
Direct Phone 808-874-0600 
e-mail Howard@HowardDinits.com

How to get a loan in Canada to buy a House or Condo in Maui,
Hawaii, United States

Good News for Canadians,

Attention friends from Canada BC, Vancouver, Alberta, Montreal and Toronto.

I was contacted by a company today that can bridge the gap between Canada and the US (United States) Hawaii and Maui. You now can borrow money in Canada and buy something in Maui. Call me and and let me know if they were able to help you get a loan to buy a condo or house in Hawaii while being Canadian. Now you can score Real Estate in Hawaii while the prices are down. There are lots of opportunites, short sales, reo, bank owned, foreclosures. Call your agent in Hawaii, Howard Dinits RS 808-874-0600 Howard@EasyMauiRealEstate.com RE/MAX Resort Realty
http://www.EasyMauiRealEstate.com

RBC Bank now offers financing for residential properties in Hawaii. This opens up the opportunity to assist Canadian clients who are looking to purchase a property leveraging a US mortgage and/or clients who currently own a property free and clear to protect them against US Estate Tax.

Purchase of a new home

-Single Family Homes, Townhouse, Condo

-3/1, 5/1 and 30 year fixed interest rate lock

-No prepayment penalty

-Loan to Value will be determined on a case by case basis

Cash-out Refinance

-Single Family Homes, Townhouse, Condo

-3/1, 5/1 and 30 year fixed interest rate lock

-No prepayment penalty

-Loan to Value will be determined on a case by case basis

Non-Recourse Mortgage Cash-out Refinance

-Single Family Homes, Townhouse and Condo

-3/1, 5/1 and 30 year fixed interest rate lock

-No prepayment penalty

-Loan to Value will be determined on a case by case basis

-Protects High Net Worth Canadian against US Estate Tax

-Monies can be reinvested in CA investment for tax benefit

 How to get a loan in Canada to buy a House or Condo in Maui,
Hawaii, United States Kihei, Lahaina, Wailea, Wailuku, Kahului

Please contact Christopher Wyatt if you could benefit from one of these programs for greater details. (Please tell him Howard Dinits from Hawaii sent you as he promises to take good care of my clients)

Christopher Wyatt

Canadian Lending Specialist

RBC Bank (USA)

407-244-6002 Office

775-429-7554 Fax

chris.wyatt@rbc.com

© RBC Bank (USA) 2008. Member FDIC. ® Registered trademark of Royal Bank of Canada. 

™ Trademark of Royal Bank of Canada. Used under license.  RBC Bank is a trade name used by RBC Bank (USA) and its branch offices operate under this trade name.  Loans are subject to credit approval.  Homeowners insurance is required on all loans and flood insurance is required if property is located in a Special Flood Hazard Area.  Escrows may be required.  There are closing costs associated with these products.

Howard Dinits RS ABR
RE/MAX Resort Realty

http://www.EasyMauiRealEstate.com

Looking for a Kihei Buyer's Agent?
Maui Real Estate Agent
Wailea Buyer's Representative
Acredited Buyer's Representative
Certified Residential Specialist
hawaii foreclosure specialist
REO and Short Sales

Do not Buy Real estate without hiring Howard Dinits RS ABR CRS

ABR® vs. Buyer's Rep: A REALTOR® Designation

A buyer’s representative (or simply buyer’s rep) is a licensed real estate professional who represents prospective homebuyers in their property transaction. If you’ve formalized an agency relationship, typically by signing a buyer’s rep agreement with a buyer’s rep, you can expect him or her to:

• Understand your specific needs and wants, and locate appropriate properties.
• Assist you in determining how much you can afford (pre-qualify your mortgage).
• Preview and/or accompany you in viewing properties.
• Research properties, to identify any problems or issues you should consider.
• Advise you in formulating your offer.
• Help you develop your negotiation strategy.
• Provide a list of potential qualified vendors (such as inspectors, attorneys, lenders, etc.) for other related services that may be needed.
• Keep track of all the details throughout the entire transaction—to closing and beyond.

In other words, a buyer’s rep should make your homebuying experience go as smoothly and successfully as possible.

But not all buyer’s reps are equal. A buyer’s rep who has earned the Accredited Buyer’s Representative (ABR®) REALTOR® designation has made an extra effort to raise the bar, with additional training and experience in serving you, the homebuyer. If you work with an ABR®, you can feel more confident that you’ll receive the highest level of buyer-representation services.

http://www.EasyMauiRealEstate.com
Howard Dinits RS ABR
877-434-6487
RE/MAX Resort Realty

ABR® (Accredited Buyer's Representative)
The ABR® designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to REALTORS® who meet the specified educational and practical experience criteria, by the Real Estate Buyer's Agent Council (REBAC) of the National Association of REALTORS®.

Why should you look for the ABR® designation before looking for a home? These three letters after a REALTORS® name tell you that you’ll be working with someone committed to your best interests, someone who has both made education a career priority, and has also demonstrated the experience needed to provide the finest in buyer representation.

Condo sales on Maui
rose 82% last month

By Allison Schaefers

POSTED: 01:30 a.m. HST, Apr 13, 2010

Real estate sales and condominium prices picked up on Maui last month as investors fueled the market; however, single-family home prices contracted.

Sales of condominiums, which tend to offer more appeal to investors, second-home and vacation homebuyers, rose 82 percent last month. The median price paid for the 122 units that changed hands in March rose 9.5 percent to $512,250 from the year-ago $468,000.

"A lot of the activity that we are seeing is related to second-home owners and investors, and it makes sense that they would go after the condos," said Howard Dinits, a Realtor with Wailea-based RE/MAX Resort Realty.

While buyers have begun to show interest in single-family homes, Dinits said it will take a few more months until the momentum shows up.

"Generally, (second-home buyers and investors) like properties that can be used for transient rentals," he said.

As a result, Maui's single-family home sales rose a more modest 25 percent; however, the median price fell 8.8 percent to $460,000 for the 70 units that traded hands in March.

Still, Dinits said there are signs that Maui's broader market is improving. Canadians, Californians and baby boomers are out shopping, and for the last month buyers have been making calls on properties that are already in escrow, he said.

"That's an indicator that our market is getting better," Dinits said.

"I've already closed $3.5 million in sales year to date. Last year I closed $3.8 million."

Real estate sales and condominium prices picked up on Maui last month as investors fueled the market; however, single-family home prices contracted.

Sales of condominiums, which tend to offer more appeal to investors, second-home and vacation homebuyers, rose 82 percent last month. The median price paid for the 122 units that changed hands in March rose 9.5 percent to $512,250 from the year-ago $468,000.

"A lot of the activity that we are seeing is related to second-home owners and investors, and it makes sense that they would go after the condos," said Howard Dinits, a Realtor with Wailea-based RE/MAX Resort Realty.

While buyers have begun to show interest in single-family homes, Dinits said it will take a few more months until the momentum shows up.

"Generally, (second-home buyers and investors) like properties that can be used for transient rentals," he said.

As a result, Maui's single-family home sales rose a more modest 25 percent; however, the median price fell 8.8 percent to $460,000 for the 70 units that traded hands in March.

Still, Dinits said there are signs that Maui's broader market is improving. Canadians, Californians and baby boomers are out shopping, and for the last month buyers have been making calls on properties that are already in escrow, he said.

"That's an indicator that our market is getting better," Dinits said.

"I've already closed $3.5 million in sales year to date. Last year I closed $3.8 million."

How to get a credit report for free online

I often get asked how do I know what my credit score is. What is my fico? etc?

Howard Dinits your Real Estate agent in Maui, Hawaii is going to make it east for you.

All Americans are entitled to free credit report  every year from each of the three major credit bureaus. The credit reports used to cost as much as $9.50 each.

The three major credit-reporting agencies, Equifax, TransUnion and Experian, are each required to provide consumers, upon request, a free copy of their credit report once every 12 months.

The reports will not be sent automatically. Each consumer must request reports one of these three ways:

• Go to AnnualCreditReport.com, which is the only authorized source for consumers to access their annual credit report online for free.

• Call (877) 322-8228.

• Complete the form on the back of the Annual Credit Report Request brochure, and mail it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. The brochure, which can be ordered or printed, is available from the Federal Trade Commission. Click here for more information.

A credit report is simply a rundown of your payment history, listing your accounts, balances and your payment behavior for each. It is not a credit score, or FICO, the three-digit gauge of your creditworthiness used by lenders, employers and insurers. But credit scores do use the information on your credit reports in their calculations, so it's important to spot and correct inaccuracies as quickly as possible.

Need help understanding your report or what the impact of your fico score really means? Call Howard Dinits RS

RE/MAX Resort Realty
808-874-0600
877-434-6487
Howard@HowardDinits.com
http://www.EasyMauiRealEstate.com

How to get a credit report for free online

OK Canucks, Candaians,
How's She Bootin'er?

You are probably thinking it is too expensive and you cannot afford to come to Maui or Buy Real Estate in Maui. 

I say Lose your bunnyhug and joggers. Grab yourself a swim suit and flip flops and Have a boo at Real Estate with Howard in Maui.

 Friends up North that do not like the cold and Enjoy what Maui US has to offer.

This Blogpost is for YOU. From ME,
Howard Dinits RS
Toll FREE877-434-6487 <-- Canadian Friendly Phone Number
http://www.easymauirealestate.com

I keep getting asked how much does it cost to get to Maui from Calgary Canada.

Well . . . I did some research and if you are flexible with your dates I found Round trip tickets From Calgary to Kahului via AirCanada.com for $500 Canadian Dollars

and Vancouver to Maui Direct 2 times a day on WestJet.com for $500
or better yet Got Air Miles???

You will find with your Canadian money exchange rate in the States, US,  United States of America your vacation will be inexpensive. What does that mean? You have more of your money to spend on investing in Maui Real Estate. There are great buys on Foreclosure Condos and Homes in the Kihei Area of Maui. This is the most desireable location as it is home to some of the nicest beaches. So grab a two-four and enjoy Kamaole one, Kamaole two, Kamaole three, Charlie Young, Sugar Beach, and list goes on.

Call me today so we can get to know one another. I will explains the ins and out of buying Real Estate in Hawaii. It is easy to buy real estate in Hawaii if you are from Canada and not a US citizen. I'll send you some listings and answer your questions timely. Then once you score a Fabulous deal on a flight to Hawaii. I'll help you locate the condo or home you've always wanted, but didn't think they were affordable.

Condos in Kihei Start around $150K and you will be glad you took advantage of our low prices.

http://www.easymauirealestate.com

http://www.easymauirealestate.com

Maui home sales rise; condo deals fall 34 percent

By Allison Schaefers

POSTED: 01:30 a.m. HST, Feb 09, 2010

Single-family home sales on Maui rose in January, but condominium sales and overall prices began the new year on a down note.

While the "market seems to be getting its footing generally," median prices bounced along the bottom as sales dropped and inventory increased, said Terry Tolman, chief staff executive for the Realtors Association of Maui.

Sales of single-family homes in January rose 48 percent to 46 units from 31 the year before, while the median price fell nearly 16 percent to $469,000 from $558,000 attained in January 2008, according to recent statistics from RAM.

Condominium sales fell 34 percent to 71 units from the 108 sold in January 2008. Similarly, the price paid by more than half of the buyers dropped 47 percent to $424,000 from the year-prior $805,000 median.

"Best deals are selling, everything else is getting old," Tolman said.

Single-family home sellers on average saw their properties spend 27 percent more days on the market; however, the pace of condominium sales picked up by nearly 79 percent. On average it took 224 days to sell a single-family home and 240 days to sell a condominium.

"Days on the market figures show that properties that are priced right will sell in a reasonable time frame," Tolman said.

Short sales and bank-owned properties will have to be absorbed by buyers before Maui's market returns to normal and prices can start to rise, he said.

But, that could take a while, said Howard Dinits, a Realtor at Waimea-based RE/MAX Resort Realty.

"I still think the worst is yet to come," Dinits said. "We still have all those adjustable-rate mortgages that are due to increase, and when that happens, many people are not going to be able to afford their mortgages."

Dinits said he is basing his opinion not only on the timing of the last real estate boom on Maui, but on government indicators.

"Obviously, the government doesn't think that it's going to improve any time soon. Their mortgage forgiveness program, which will forgive up to a $2 million loan for those that have to walk away, is good up to 2012."

http://www.easymauirealestate.com