Many buyers have shied away from short sales because of the lengthy, complicated and unpredictable nature of these transactions. However, starting in April regulations were put into place to speed up and better manage the process one must go through in order to take advantage of these opportunities. The HAFA Program, which took effect on April 5, 2010, provides servicer, seller and junior lien holder incentives for these transactions and is designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure. In light of this, I invite you to take a look at a couple of the many short sale opportunities currently available on Kauai.

One property I’ve been watching with interest for awhile is this small, livable one bedroom cottage on a large 3 acre lot. This property is located in the Omao area of Kauai, just minutes from quaint Koloa Town and the always sunny Poipu area. This property has tons of potential and is priced at more than $200,000 below assessed value at $499,000. If you are looking for land but are on a budget, this may be the one you've been waiting for:
http://www.kauaireale.com/Omao_Real_Estate/3-acres-split-into-2_211160.aspx