Help for Kauai homeowners facing foreclosure

Many Kauai homeowners are facing foreclosure without information or help exploring alternatives.  While there’s no magic answers, there are options that can help minimize the damage of foreclosure.  

At,  you’ll find free information and reports about how short sales work, what is a deed-in-lieu foreclosure and the difference between a short sale and foreclosure on your credit report.

What’s HAFA?
On November 30, 2009, the Treasury Department released guidelines for the Home Affordable Foreclosure Alternatives Program (HAFA) providing financial incentives to lenders and homeowners who utilize a short sale or deed-in-lieu of foreclosure.  Designed to complement the HAMP (Making Home Affordable Program) and assist families who don’t qualify for a loan modification under HAMP, it’s a voluntary program that does into effect April 5, 2010.

HAFA Program Requirement Highlights:

  • Property is borrower’s principal residence
  • Loan is a 1st lien mortgage
  • Originated before Jan. 1, 2009
  • Mortgage is delinquent or default is reasonably foreseeable
  • Current unpaid balance is equal to or less than $729,750
  • Borrower’s total monthly mortgage payment exceeds 31% of borrower’s gross income

If you or someone you know might be facing a foreclosure, it’s important to get legal and financial advice about your particular situation.  If you’d like to explore how a short sale might help, please call or email me for a private consultation.


About Susanna "Susie" Kunkel, RA

With a belief that life is too short to not follow your dreams, Susie and her daughter became new Kauai residents in less than 4 months after visiting for the first time in 2000. She brings a wealth of information from her background in administrative, contract and paralegal work in a variety of industries including technology, investment banking, biotech and estate planning. As a Realtor, Susies's tenacious and technical approach have earned her a large group of extremely loyal clients. Susanna is a steadfast believer in "The Golden Rule", and applies it to her approach as a Realtor. "Each client and each property are unique, so it's important to me to listen intently to what my clients' goals are, and to make sure I go above and beyond to help meet them."
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