Oahu's REOs on the Rise



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 57 Oahu REOs for SALE
73 PENDING (under contract)
163 SOLD (Jan-Aug '09)
103 SOLD in 2008
34 SOLD in 2007
22 SOLD in 2006

With a rising number of foreclosed homes in Hawaii now are owned by banks, and hundreds more are in the process of being deeded over to lenders following foreclosure. 

Thousands more homes whose owners are in default on their mortgages, or that are up for auction on the courthouse steps, also could end up owned by the banks.

As a result for Buyers looking to buy, REO properties may be great deals as list prices are typically below what comparable properties are listed at in the same neighborhood.

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September 20 2009 - Honolulu
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Oahu's REOs on the Rise
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