As Hawaii Foreclosures Increase by 286 Percent, Prudential Locations Launches Free Foreclosures Search and Listings

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The only free site offering both Maui and Oahu foreclosure listings can be found at PrudentialLocations.com

Prudential Locations LLC

“Prudential Locations is the first company to offer completely free listings of all short sales and foreclosures on both Oahu and Maui,” said Joe Segal, online marketing manager for Prudential Locations.

Foreclosures in Hawaii have increased by a staggering 286 percent in January, according to RealtyTrac, and Prudential Locations, Hawaii’s largest locally owned and operated real estate company, has responded by launching a website that offers the most complete source of distressed properties on the market. This includes auction block foreclosures and those listed in the MLS, plus bank-owned foreclosures and short sale properties on both Maui and Oahu.

“Prudential Locations is the first company to offer completely free listings of all short sales and foreclosures on both Oahu and Maui,” said Joe Segal, online marketing manager for Prudential Locations. “We list every foreclosure and short sale in the MLS, as well as hand-compile a list of auction foreclosures from the newspaper every week. Others companies may offer this, but charge for the service; ours is free and updated much more frequently.”

The foreclosure and short sale search on Prudential Locations’ website was launched to meet the market’s increased interest in distressed properties. Foreclosures occur when a homeowner defaults on loan payments and the lender files a public default notice. Most often, the lender will take ownership of the property with the intention of re-selling it again. A short sale refers to a situation where more is owed on the home than what it will likely sell for on the market and the bank, or other mortgage lender, allows a sale of the home for less than the mortgage is worth.

A staunch supporter of market intelligence, Prudential Locations believes in putting the information into clients’ hands, rather than selling specific properties. Providing Hawaii foreclosure and short sale listings with advanced search filters free of charge is just another means to help guide individuals to find the most appropriate property.

Prudential Locations’ power-search page allows users to filter foreclosures and short sales by a variety of preferences including price range, region and specific neighborhood; more detailed options incorporate views and frontage, such as ocean, preservation land, golf course or stream and property conditions, from fixer-upper to excellent. One can even filter by specific condominium or home features including pool, single-level home or even an extra dwelling.

To view the listings of all foreclosed and short sale properties on Oahu and Maui, visit http://www.prudentiallocations.com/hawaii-foreclosures.aspx. Visitors can view the properties through a comprehensive island-wide listing, as well as download the hand-compiled list by clicking on the Hawaii foreclosure or short sale links.

About Prudential Locations
Prudential Locations LLC is a multi-faceted real estate company with a rich kama’aina tradition in the islands of Hawaii that boasts four decades of extensive local experience and connections to offer its clients. To benefit customers, the Prudential Locations website, http://www.PrudentialLocations.com, shows every home, land, condo and real estate listing on Oahu, Maui, Big Island, Kauai, Molokai, and Lanai, with detailed property information to assist its clients. By being a leader in real estate market research and knowledge and continually training more than 240 real estate agents, Prudential Locations produced more than $1 billion in sales in 2009. Prudential Locations Hawaii is ranked in the top four percent of all Prudential Real Estate affiliates and recently earned the distinction of Hawaii’s top brokerage firm for both transactions and sales volume by the RIS 2008 Power Broker Survey. Prudential Locations was established in 1969 with offices and affiliates throughout the state, and is an independently owned and operated member of the Prudential Real Estate Affiliates, Inc.

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Monica Salter
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