Know Your Options (Avoid Foreclosure) discussion with Kailua Kona Realtor Lance Owens

Fannie Mae has a great program out there, on avoiding foreclosure. It’s called "Know Your Options"

So let me introduce myself, Lance Owens, Realtor Sales, and short sale specialist for the Big Island.

Before I spend a lot of time trying to reinvent the wheel, I want to let you their website really has it all, they have short videos with different scenarios that can help you play it through in your mind, they have all the different options, and link's to counselors that actually HELP - (I know, I have called them) . They have just really done a great job.

What I am here to tell you about, is once you decide what program is best for you, you need the most experienced agent in you can get in yoru corner, remember this is going to effect the rest of your life, and if you want leave that to chance, or luck, you’re probably better off, to just pass right on by what I have to offer, but if you want - knowledge, expertise, experience, - then read the next paragraph.

What are Short Sale Realtors?

There are 2 types

1: Type 1 - the experienced Realtor, one that has closed several transactions, dealt with virtually all the lenders, the second lien holders, the one’s that know what to do when your PMI company denies the sale, or your HOA has liens against your property, or when the bank wants you to sign a note for the balance.

2: Type 2 - this is the one that has been to every class, has every designation, and knows every abbreviation, acronym, and basically knows everything - EXCEPT how to actually close a short sale - Key word "Close" They even use words like “I know so much about short sales I could write a book”

How can you tell the difference?

The Hawaii MLS has a search engine within its website, that you can break down into 100s of categories - but what I want you to do - when interviewing your Short Sale Realtor - the one that is going to have an influence on the rest of your life - have him check off 3 boxes in the Hawaii MLS

Box 1 - put his/her Realtor ID in it

Box 2 = check mark – “Short Sales”

Box 3 - check off “SOLD”

Then hit Search

I went ahead and did my MLS report for you – take it with you when you do your interviews

NOTE: I feel very lucky to live in Kailua Kona, and even luckier to work with some of the most Honest, and upstanding Realtors in the Nation – Truly. The only point I am trying to make here is my personal experience in Short Sales. Without all the hard work of all our Realtors combined, these numbers may not have been possible.

Thank You Kona.

OK - Closed Short Sales, Agent ID 62947 (Lance Owens RS)

Search criteria: LISTINGAGENT Agent ID 62947. MLS Short Sale - MLS Status: Sold

MLS DATA

MLS # Tp St DOM Taxkey Tnr Price LocationLand area Details

221401 CND S 349 3-7-4-10-36-65 LH $58,000 Kona Kai #I10 624 #I10 2/1.00

SOLD 9/29/2010 for $46,500 (CASH) DOM 349

218841 CND S 195 3-7-4-10-36-39 LH $59,000 Kona Kai #E7 616 #E7 2/1.00

SOLD 7/17/2009 for $45,000 (CASH) DOM 195

228592 RES S 162 3-1-6-92-93 FS $83,500 16-2041 Lilikoi Dr 12,000 sqft 1,032 3/2.00

SOLD 4/21/2010 for $83,500 (CASH) DOM 162

226940 CND S 251 3-7-5-20-73-347FS $159,000 Alii Lani #NN104 976 #NN104 3/2.00

SOLD 7/20/2010 for $163,000 (CASH) DOM 251

229688 CND S 210 3-7-8-10-33-45 FS $169,000 Keauhou Resort #75 752 #75 1/1.00

SOLD 12/23/2010 for $163,500 (CASH) DOM 210

232216 CND S 107 3-7-5-20-73-198FS $175,000 Alii Lani #X106 966 #X106 3/2.00

SOLD 3/9/2011 for $155,000 (CASH) DOM 107

215115 RES S 217 3-1-6-53-71 FS $199,000 16-1206 Moho Rd 3.00 ac 1,056 3/2.00

SOLD 4/29/2009 for $195,000 (FMHA) DOM 217

219115 CND S 49 3-7-5-21-7-67 FS $219,000 Alii Villas #223 635 #223 1/1.00

SOLD 6/5/2009 for $195,000 (CASH) DOM 49

224740 CND S 43 3-7-5-9-3-38 FS $219,000 Kona Pacific #B412 829 #B412 1/2.00

SOLD 2/18/2010 for $210,000 (CNV) DOM 43

225430 CND S 16 3-7-5-9-3-88 FS $239,000 Kona Pacific #D622 1,194 #D622 2/3.00

SOLD 1/6/2010 for $250,000 (CNV) DOM 16

225539 RES S 281 3-6-8-7-41 FS $249,000 68-1946 Puu Nui St #1-B 11,458 sqft 1,296 3/2.00

SOLD 6/16/2010 for $253,000 (CNV) DOM 281

224955 RES S 131 3-7-6-19-62 FS $249,999 76-6187 Plumeria Rd 8,760 sqft 1,048 2/2.00

SOLD 4/9/2010 for $182,000 (CNV) DOM 131

236937 CND S 67 3-6-9-8-3-110 FS $258,000 Fairway Villas At Waikoloa Beach Resort #J2 1,033 #J2 2/2.00

SOLD 3/29/2011 for $268,000 (CNV, MISC, Other) DOM 67

222214 RES S 99 3-6-8-18-25 FS $262,000 68-1752 Hooko St 10,500 sqft 1,400 3/2.00

SOLD 11/13/2009 for $260,000 (MISC) DOM 99

238696 RES S 13 3-7-5-41-35 FS $275,000 75-6101 Kaanee Pl 7,000 sqft 1,146 3/2.00

SOLD 4/1/2011 for $275,000 (CASH) DOM 13

218719 RES S 59 3-7-6-25-35-2 FS $299,000 76-366 Kanaka St #35B 5,115 sqft 1,029 3/2.00

SOLD 4/2/2009 for $290,000 (CNV) DOM 59

222585 RES S 9 3-6-8-26-20 FS $299,000 68-3513 Malina St 12,286 sqft 1,500 3/2.00

SOLD 8/5/2009 for $310,000 (FHA) DOM 9

219868 RES S 5 3-7-3-53-5 FS $349,000 73-4157 Kaala Pl 10,140 sqft 1,226 3/2.00

SOLD 7/13/2009 for $333,000 (CASH) DOM 5

217820 RES S 70 3-7-7-25-8 FS $359,000 77-6542 Hoolaupai St 7,500 sqft 1,092 3/2.00

SOLD 4/20/2009 for $339,000 (CNV) DOM 70

233506 RES S 5 3-7-6-20-19 FS $369,000 76-6291 Kupuna St 7,506 sqft 1,664 3/2.00

SOLD 7/17/2010 for $380,000 (CNV) DOM 5

238117 CND S 63 3-7-5-18-8-149 FS $379,000 Alii Cove #CC1 1,815 #CC1 3/3.00

SOLD 3/10/2011 for $380,000 (CASH) DOM 63

239239 RES S 33 3-7-6-27-42-2 FS $385,000 Terrace At Kona Vistas #2 16,601 sqft 1,950 #2 3/2.00

SOLD 1/20/2011 for $385,000 (CNV) DOM 33

232444 CND S 0 3-7-5-18-8-52 FS $389,000 Alii Cove #I4 1,815 #I4 3/3.00

SOLD 7/23/2010 for $380,000 (CASH) DOM 0

210714 RES S 388 3-7-5-42-100 FS $399,000 75-6152 Haku Mele Pl 6,000 sqft 1,680 4/3.00

SOLD 11/9/2009 for $385,000 (CNV) DOM 388

219866 RES S 343 3-7-6-23-67 FS $412,000 76-6302 Kaheiau St 16,717 sqft 1,526 2/2.00

SOLD 4/21/2010 for $410,000 (CNV) DOM 343

215678 CND S 109 3-6-8-22-4-107 FS $875,000 Villages At Mauna Lani #512 2,174 #512 3/3.01

SOLD 4/22/2009 for $800,000 (FHA) DOM 109

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©8/9/2011

Search criteria: MLS Pre-Foreclosure/SS/REO Short Sale. MLS Status Sold. SELLINGAGENT Agent ID 62947

MLS DATA

MLS # Tp St DOM Taxkey Tnr Price LocationLand area Details

245381 CND S 3 3-7-5-21-4-22 LH $145,000 Kona Makai #2302 779 #2302 1/1.00

SOLD 7/25/2011 for $135,000 (CASH) DOM 3

229688 CND S 210 3-7-8-10-33-45 FS $169,000 Keauhou Resort #75 752 #75 1/1.00

SOLD 12/23/2010 for $163,500 (CASH) DOM 210

221573 CND S 65 3-7-5-19-44-71 FS $230,000 Kona Sea Ridge #M23 906 #M23 2/2.00

SOLD 11/18/2009 for $200,000 (CASH) DOM 65

225430 CND S 16 3-7-5-9-3-88 FS $239,000 Kona Pacific #D622 1,194 #D622 2/3.00

SOLD 1/6/2010 for $250,000 (CNV) DOM 16

225539 RES S 281 3-6-8-7-41 FS $249,000 68-1946 Puu Nui St #1-B 11,458 sqft 1,296 3/2.00

SOLD 6/16/2010 for $253,000 (CNV) DOM 281

220529 RES S 125 3-7-6-26-31 FS $479,000 76-152 Kamehamalu St 15,188 sqft 2,009 3/2.01

SOLD 6/6/2009 for $479,000 (CNV) DOM 125

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©8/9/2011

Currently in Escrow Below:

Search criteria: LISTINGAGENT Agent ID 62947. MLS Status Contingent OR Under contract

MLS DATA

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details

246657 LND C 39 3-7-3-39-51 FS $109,000 73-1189 Ala Kapua St 10,231 sqft

239597 CND C 287 3-7-5-20-73-247 FS $139,000 Alii Lani #CC203 797 #CC203 2/2.00

236935 CND C 384 3-7-5-19-44-45 FS $220,000 Kona Sea Ridge # I1 1,086 #I1 3/2.00

237871 RES C 332 3-8-7-18-31 FS $279,000 87-3193 Honu Hiamoe Rd 8,750 sqft 1,562 3/3.00

239633 CND C 258 3-7-8-13-3-69 FS $299,000 Keauhou Kona Surf & Racquet Club #182 921 #182 2/2.00

214873 CND C 998 3-6-9-7-9-22 FS $329,000 Vista Waikoloa #B105 1,417 #B105 2/2.01

233233 CND C 391 3-7-8-10-93-14 FS $368,000 Na Hale O Keauhou #C2 1,404 #C2 2/2.01

240525 RES C 263 3-8-8-2-35 FS $399,500 88-1651 Moana Dr 5.42 ac 1,612 3/2.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©8/9/2011

Currently Active Listing’s: Obviously this is why I am here asking for your business – I just keep closing all my short sales - I need some new ones

Search criteria: LISTINGAGENT Agent ID 62947. MLS Status Active. MLS Pre-Foreclosure/SS/REO Short Sale

MLS DATA

MLS # Tp St DOM Taxkey Tnr Price Location Land area Details

246680 RES A 38 3-1-5-26-166 FS $189,000 15-1919 13th Ave 1.00 ac 1,142 2/2.00

238704 CND A 332 3-7-5-8-1-20 FS $199,900 Kona Alii #308 780 #308 1/2.00

243760 RES A 146 3-7-5-34-36 FS $599,000 75-5608 Hienaloli-kahului Rd 16,973 sqft /0.00

This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. Copyright ©8/9/2011