Stephanie Perrault R(S) ABR CC

What is a "Short Sale"?

A "short sale" is a situation where a property owner/seller is trying to sell a property where the sales proceeds do not pay off the existing mortgage(s). The owner/seller has no equity. The term "short sale" or "short pay" refers to a process whereby the mortgage company must agree to a reduced payoff for the sale to take place. All the costs of the sale, the escrow/title fees, transfer taxes, commissions, property tax prorations, etc. must be covered and the seller receives nothing (except debt relief.)

What is Foreclosure?

Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end one of four ways:
1. The borrower/owner reinstates the loan by paying off the default amount during a grace period determined by state law. This grace period is also known as pre-foreclosure.
2. The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
3. A third party buys the property at a public auction at the end of the pre-foreclosure period.
4. The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure or by buying back the property at the public auction. Properties repossessed by the lender are also known as bank-owned or REO properties (Real Estate Owned by the lender).

The Kihei Charter School--A 21st Century School of Excellence

Kihei is home to an extraordinary public school where 80 percent of the students go directly to higher education after graduation, with
K-12 educational programs including the first middle school in Hawaii with a core Science, Technology, Engineering and Math (STEM) curriculum, a K-12 Hybrid Academy, a Performing Arts Academy in partnership with MAPA and Maui OnStage planned for August 2008, and a waiting list of parents who want their children to enroll.

The Kihei Charter School opened with a high school program of 60 students (grades 10-12) in August of 2001. The school now serves 326 students. It is the only school on Maui with a local school board.

Unfortunately, the State of Hawaii does not provide funding for Charter School facilities. They must budget their rental for facilities and take that amount out of the school's operating budget.

As a result of this unmet need, and to respond to continued community demand for the school's services, The school has established a Capital Campaign Goal of raising $4 Million for a permanent state-of- the-art educational facility at the Maui Research and Technology Park.

For more information on this unique opportunity to help with the Charter School program of educational excellence contact Gene Zarro, Chair of the South Maui Learning Ohana, at 385-1197, or 875-0700.

Mahalo,

Stephanie Perrault

I am proud to announce the event of the year - "Valentine Red & White Ball" at The Grand Wailea Resort on February 9, 2008 from 6pm-9pm. This event is to benefit the "Kihei Charter School". The school is seeking to raise $4M to make the dream of a state-of-the-art educational facility at the Maui Research & Technology Park a reality. You can make a significant impact by making a monetary donation and/or contributing an item that can be placed in our Silent Auction or Raffle.

As a token of our appreciation for your thoughtful donation your company name will be placed in our program and in the Maui News under the following categories:

Diamond=$2500 Gold=$1000 Silver= $500 Emerald=$100 Bronze: under $100

South Maui needs the benefits that a 21^st century education can bring to our children. Let's help accomplish this goal and ensure a promising future for Kihei's generations yet to come.

For more information please go to our website: www.RedandWhiteBallMaui.Com

Your contribution is greatly appreciated.

Sincerely,

Stephanie Perault

Hawaii is the most isolated population center on the face of the earth. Hawaii is 2390 miles from California; 3850 miles from Japan; 4900 miles from China

Hawaii Facts and Trivia

1. The state of Hawaii consists of eight main islands: Niihau, Kauai, Oahu, Maui, Molokai, Lanai, Kahoolawe and the Big Island of Hawaii.
   
2. Hawaii is the most isolated population center on the face of the earth. Hawaii is 2,390 miles from California; 3,850 miles from Japan; 4,900 miles from China; and 5,280 miles from the Philippines.
   
3. Hawaii is the only state that grows coffee.
   
4. More than one-third of the world's commercial supply of pineapples comes from Hawaii.
   
5. There are only 12 letters in the Hawaiian alphabet.
• Vowels: A, E, I, O, U
• Consonants: H, K, L, M, N, P, W

From east to west Hawaii is the widest state in the United States.

1. The Hawaiian Islands are the projecting tops of the biggest mountain range in the world.
   
2. Honolulu's zenith star, (the star that rises directly above it) is Arcturus. The Hawaiians called it Hokule'a. (Hoe koo lay uh.)
   
3. Under-sea volcanoes that erupted thousands of years ago formed the islands of Hawaii.
   
4. The Hawaiian Archipelago consists of over 130 scattered points of land stretching some 1,600 miles in length from the Kure Atoll in the north to the Island of Hawaii in the south.
   
5. The first Asian American in the United States Senate was Hawaii's Hiram Fong. Descended from Chinese immigrants, Fong was elected to the Senate in 1959.
   
6. Hawaii was the 50th state admitted to the union on August 20th, 1959.
   
7. Island flowers and colors used to represent each island.
• Niihau - Pupu Shell - White
• Kauai - Mokihana (Green Berry) - Purple
• Oahu - Ilima -Yellow
• Maui - Lokelani (Pink Cottage Rose) - Pink
• Molokai - White Kukui Blossom - Green
• Lanai - Kaunaoa (Yellow and Orange Air Plant) - Orange
• Kahoolawe - Hinahina (Beach Heliotrope) - Grey
• Big Island of Hawaii - Lehua Ohia - Red

1. Hawaii has its own time zone (Hawaiian Standard Time.) There is no daylight savings time.) The time runs two hours behind Pacific Standard Time and five hours behind Eastern Standard Time.
   
2. There are four counties in Hawaii (Kauai; city and county of Honolulu; Maui; and Hawaii). Each city has a mayor and council in charge.
   
3. All subterranean minerals belong to the state. Except for state owned water, some lava stone, and minor granites and semi-precious minerals, there are few underground minerals.
   
4. The wind blows east to west in Hawaii. The highest recorded temperature is 96' F (Honolulu Airport), but temperatures over 92' F generally occur only once or twice a year. The lowest temperature (under 3000 feet altitude) is 56' F. Temperatures under 60' F may occur but rarely more than once a year. Average daytime temp. (July) is 82' F. Average daytime temperature in January is 72' F.
   
5. There are no racial or ethnic majorities in Hawaii. Everyone is a minority. Caucasians (Haoles) constitute about 34%; Japanese-American about 32%; Filipino-American about 16% and Chinese-American about 5%. It is very difficult to determine racial identification as most of the population has some mixture of ethnicities.
   
   ISLAND OF NIIHAU
6. A privately owned island, with livestock raising as its principal industry. There is highly limited access by general public through helicopter landings at uninhabited sites. Legend says Niihau was the original home of the goddess Pele. The island has a population of 230, and is 69 square miles.
   
   ISLAND OF KAUAI
7. The fourth largest of the Hawaiian Islands.
   
8. The Waialua River is one of five navigable river in Hawaii. It drains off Waialeale Mountain, which averages 488 inches of rain per year and is considered the wettest spot on earth.
   
9. The Waimea, the Hanape'pe, the Lumahai and the Hanalei River are almost as big and quite navigable. The Hanalei River was dedicated a "national treasure" recently and is under government protection from use as a "place of business".
   
   ISLAND OF OAHU
10. Honolulu is the largest city in the world -- at least it has the longest borders. According to the state constitution any island (or islet) not named as belonging to a county belongs to Honolulu. This makes all islands within the Hawaiian Archipelago, that stretch to Midway Island (1,500 miles northwest of Hawaii) part of Honolulu. Honolulu is about 1,500 miles long or more distance than halfway across the 48 contiguous states.
    
11. Wai Golf Course is Hawaii's first municipal course.
    
12. Honolulu is the nation's 11th largest metropolitan area.
    
13. More than 100 world-renowned beaches ring Honolulu.
    
14. Iolani Palace is the only royal palace in the United States.