What is an REO, Foreclosure, Foreclosed, Real Estate Owned, Bank Owned, Property?

What is an reo?

REO BANK OWNED PROPERTY HAWAII

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 their 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 invest 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 RB.

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 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.

Bank Owned Real Estate Maui

 

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.

Howard Dinits Maui Real Estate Agent

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

(includes Maui, Lanai, and Molokai)

Maui

Haiku 96708
Hana 96713
Kahului 96732
Kahului P.O. Boxes 96733
Kihei 96753
Kula 96790
Lahaina 96761
Lahaina P.O. Boxes 96767
Makawao 96768
Paia 96779
Pukalani 96768
Pukalani P.O. Boxes 96788
Puunene 96784
Wailuku 96793

Lanai

Lanai City 96763

Molokai

Hoolehua 96729
Kalaupapa 96742
Kaunakakai 96748
Kualapuu 96770

Kauai County Zip Codes

Kauai Zip Codes

Anahola 96703
Eleele 96705
Hanalei 96714
Hanamaulu 96715
Hanapepe 96716
Kalaheo 96741
Kapaa 96746
Kaumakani 96747
Kealia 96751
Kekaha 96752
Kilauea 96754
Koloa 96756
Lawai 96765
Lihue 96766
Makaweli 96769
Princeville 96722
Waimea 96796

Oahu Zip Codes

Aiea 96701
Ewa Beach 96706
Kapolei 96707
Kapolei 96709
Haleiwa 96712
Hauula 96717
Kaaawa 96730
Kahuku 96731
Kailua 96734
Kaneohe 96744
Kunia 96759
Laie 96762
Pearl City 96782
Wahiawa 96786
Mililani 96789
Waialua 96791
Waianae 96792
Waimanalo 96795
Waipahu 96797
Honolulu 96801 – 96814
Waikiki 96815
Waialae / Kahala 96816
Kapalama 96817
Kapalama 96819
Honolulu 96820
Waialae / Kahala 96821
Makiki 96822
Honolulu 96823 – 96825
Makiki 96826
Honolulu 96836 – 96841
Honolulu 96843
Honolulu 96844
Honolulu 96846 – 96850
Hickam AFB 96853
Wheeler Army Airfield 96854
Schofield Barracks 96857
Fort Shafter 96858
Tripler Army Medical Center 96859
Pearl Harbor 96860
Camp H M Smith 96861
M C B H Kaneohe Bay 96863
Wake Island 96898

What is the zip code for places in Hawaii ?

 

Listed numerically by zip code
Zip code | Name | Area Code(s)96701 Aiea (808)
96703 Anahola (808)
96704 Captain Cook (808)
96705 Eleele (808)
96706 Ewa Beach (808)
96707 Kalaeloa (808)
96707 Kapolei (808)
96707 Makakilo (808)
96708 Haiku (808)
96709 Kapolei (808)
96710 Hakalau (808)
96712 Haleiwa (808)
96713 Hana (808)
96713 Hana Maui (808)
96714 Hanalei (808)
96714 Princeville (808)
96715 Hanamaulu (808)
96716 Hanapepe (808)
96717 Hauula (808)
96718 Hawaii National Park (808)
96718 Hi National Park (808)
96719 Hawi (808)
96720 Hilo (808)
96721 Hilo (808)
96722 Kilauea (808)
96722 Princeville (808)
96725 Holualoa (808)
96726 Honaunau (808)
96727 Ahualoa (808)
96727 Honokaa (808)
96727 Kukuihaele (808)
96727 Paauhau (808)
96728 Honomu (808)
96729 Hoolehua (808)
96730 Kaaawa (808)
96731 Kahuku (808)
96732 Kahului (808)
96733 Kahului (808)
96734 Kailua (808)
96737 Ocean View (808)
96738 Waikoloa (808)
96739 Kailua Kona (808)
96739 Keauhou (808)
96740 Kailua Kona (808)
96741 Kalaheo (808)
96742 Kalaupapa (808)
96743 Kamuela (808)
96743 Kawaihae (808)
96744 Kaneohe (808)
96745 Kailua Kona (808)
96746 Kapaa (808)
96747 Kaumakani (808)
96748 Kaunakakai (808)
96749 Keaau (808)
96750 Kealakekua (808)
96751 Kealia (808)
96752 Kekaha (808)
96753 Kihei (808)
96753 Wailea (808)
96754 Kilauea (808)
96755 Kapaau (808)
96756 Koloa (808)
96757 Kualapuu (808)
96759 Kunia (808)
96760 Kurtistown (808)
96761 Lahaina (808)
96762 Laie (808)
96763 Lanai City (808)
96764 Laupahoehoe (808)
96765 Lawai (808)
96766 Lihue (808)
96767 Lahaina (808)
96768 Makawao (808)
96769 Makaweli (808)
96770 Maunaloa (808)
96771 Mountain View (808)
96772 Naalehu (808)
96773 Ninole (808)
96774 Ookala (808)
96776 Paauilo (808)
96777 Pahala (808)
96778 Pahoa (808)
96779 Paia (808)
96780 Papaaloa (808)
96781 Papaikou (808)
96782 Pearl City (808)
96783 Pepeekeo (808)
96784 Puunene (808)
96785 Volcano (808)
96786 Wahiawa (808)
96788 Makawao (808)
96788 Pukalani (808)
96788 Pukalani Maui (808)
96789 Mililani (808)
96790 Kula (808)
96791 Waialua (808)
96792 Nanakuli (808)
96792 Waianae (808)
96793 Wailuku (808)
96795 Waimanalo (808)
96796 Waimea (808)
96797 Waipahu (808)
96801 HON (808)
96801 Hono (808)
96801 Honolulu (808)
96802 HON (808)
96802 Hono (808)
96802 Honolulu (808)
96803 HON (808)
96803 Hono (808)
96803 Honolulu (808)
96804 HON (808)
96804 Hono (808)
96804 Honolulu (808)
96805 HON (808)
96805 Hono (808)
96805 Honolulu (808)
96806 HON (808)
96806 Hono (808)
96806 Honolulu (808)
96807 HON (808)
96807 Hono (808)
96807 Honolulu (808)
96808 HON (808)
96808 Hono (808)
96808 Honolulu (808)
96809 HON (808)
96809 Hono (808)
96809 Honolulu (808)
96810 HON (808)
96810 Hono (808)
96810 Honolulu (808)
96811 HON (808)
96811 Hono (808)
96811 Honolulu (808)
96812 HON (808)
96812 Hono (808)
96812 Honolulu (808)
96813 HON (808)
96813 Hono (808)
96813 Honolulu (808)
96814 HON (808)
96814 Hono (808)
96814 Honolulu (808)
96815 HON (808)
96815 Hono (808)
96815 Honolulu (808)
96816 HON (808)
96816 Hono (808)
96816 Honolulu (808)
96817 HON (808)
96817 Hono (808)
96817 Honolulu (808)
96818 Honolulu (808)
96819 HON (808)
96819 Hono (808)
96819 Honolulu (808)
96820 HON (808)
96820 Hono (808)
96820 Honolulu (808)
96821 HON (808)
96821 Hono (808)
96821 Honolulu (808)
96822 HON (808)
96822 Hono (808)
96822 Honolulu (808)
96823 HON (808)
96823 Hono (808)
96823 Honolulu (808)
96824 HON (808)
96824 Hono (808)
96824 Honolulu (808)
96825 HON (808)
96825 Hono (808)
96825 Honolulu (808)
96826 HON (808)
96826 Hono (808)
96826 Honolulu (808)
96827 HON (808)
96827 Hono (808)
96827 Honolulu (808)
96828 HON (808)
96828 Hono (808)
96828 Honolulu (808)
96830 HON (808)
96830 Hono (808)
96830 Honolulu (808)
96836 HON (808)
96836 Hono (808)
96836 Honolulu (808)
96837 HON (808)
96837 Hono (808)
96837 Honolulu (808)
96838 HON (808)
96838 Hono (808)
96838 Honolulu (808)
96839 HON (808)
96839 Hono (808)
96839 Honolulu (808)
96840 Hawaiian Electric Company (808)
96840 Honolulu (808)
96841 Hawaiian Telcom (808)
96841 Honolulu (808)
96843 Board of Water Supply (808)
96843 Honolulu (808)
96844 HON (808)
96844 Hono (808)
96844 Honolulu (808)
96844 University of Hawaii (808)
96846 Bank of Hawaii (808)
96846 Honolulu (808)
96847 First Hawaiian Bank (808)
96847 Honolulu (808)
96848 East West Center (808)
96848 HON (808)
96848 Hono (808)
96848 Honolulu (808)
96849 Bancorp (808)
96849 Bancorp Hawaii (808)
96849 Honolulu (808)
96850 HON (808)
96850 Hono (808)
96850 Honolulu (808)
96853 Hickam AFB (808)
96854 Wheeler AAF (808)
96854 Wheeler Army Airfield (808)
96857 Helemano Mltry Res (808)
96857 Helemano Mltry Reservation (808)
96857 Schofield (808)
96857 Schofield Barracks (808)
96857 Wahiawa (808)
96858 Fort Shafter (808)
96859 Tripler Amc (808)
96859 Tripler Army Med Center (808)
96859 Tripler Army Medical Center (808)
96860 Pearl Harbor (808)
96860 Pearl Harbor Naval Base (808)
96861 Camp H M Smith (808)
96861 Camp Smith (808)
96863 M C B H K BAY (808)
96863 M C B H Kaneohe Bay (808)
96863 Mcbh K Bay (808)
96863 Mcbh Kaneohe Bay (808)
96898 Wake Island (808)

Leave a Reply

Your email address will not be published. Required fields are marked *