REO & Distressed Property Services

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REO & Distressed Property Services


Experienced. Responsive. Local.

Foster Realty, Inc. provides experienced REO and distressed property services throughout Oahu. With more than 30 years of Hawaii real estate experience, we understand that managing bank-owned properties requires more than simply listing a home for sale. It requires prompt communication, accurate valuations, careful oversight, and a hands-on approach from assignment through closing.


Our team is experienced with properties ranging from condominiums and single-family homes to severely distressed, occupied, leasehold, and cash-only properties.


Full-Service REO Management

We provide comprehensive support throughout the REO process, including:

  • Broker Price Opinions (BPOs) and market analysis
  • Occupancy verification and property inspections
  • Property condition assessments and photo documentation
  • Cash-for-keys coordination
  • Securing and monitoring vacant properties
  • Trash-out, cleaning, landscaping, and repair coordination
  • Vendor oversight and bid management
  • Utility coordination
  • HOA and condominium association communication
  • Municipal and property issue follow-up
  • Marketing strategy and MLS exposure
  • Offer analysis and negotiation
  • Transaction management through closing


We Understand Distressed Properties

Not every property fits neatly into a standard valuation or marketing model.


Foster Realty has extensive experience evaluating and marketing properties with significant deferred maintenance, fire or water damage, excessive personal property, difficult occupancy situations, title or association complications, leasehold interests, financing limitations, and other conditions that can affect value and marketability.


We identify the issues, explain their impact on value, and provide practical recommendations designed to move the asset toward disposition.


Local Knowledge Matters

Hawaii presents challenges that mainland-based asset managers may not encounter in other markets. Leasehold ownership, aging condominium projects, escalating insurance costs, association requirements, geographic differences between neighborhoods, and Hawaii-specific landlord-tenant and real estate practices can all affect an REO asset.


Our local knowledge helps institutional clients understand those issues and make informed decisions without having to manage them from thousands of miles away.


Hands-On Property Management Experience

As an established property management company, Foster Realty brings an additional layer of expertise to REO assignments. We are accustomed to dealing with occupied properties, property condition issues, vendors, repairs, inspections, tenant concerns, and difficult situations in the field.


When a property requires attention, we don't simply report the problem—we help determine what needs to happen next.


Serving Oahu

With offices serving both Leeward and Central Oahu and decades of experience throughout the island, Foster Realty provides local coverage backed by established vendor relationships and extensive market knowledge.


Looking for an experienced REO broker on Oahu?

We welcome opportunities to work with banks, mortgage servicers, asset management companies, attorneys, investors, and other institutional property owners.


Contact Foster Realty, Inc. to discuss REO assignments, BPO services, or vendor registration opportunities.


REO TEAM LEAD

Sylvia “Elsie” Foster

REALTOR, CRB, CRS, GRI

Phone: (808) 864-1970

License No. RB-15721

Foster Realty, Inc.


85-786 Farrington Highway

Waianae, Hawaii 96792

Phone: (808) 696-0774

License No. RB-17493


Licensed in the State of Hawaii since 1989

Top 100 Realtors - Hawaii Business Magazine

“Best in Real Estate" - Honolulu Magazine - 2021 and 2022

Who’s Who in Hawaii Real Estate – Honolulu Magazine 2025

Certified Residential Specialist (CRS)

Graduate Realtor Institute (GRI)

Certified Real Estate Brokerage Manager (CRB)

Previous HUD Property Manager

Residential Sales, Short Sale, and Foreclosure Specialist

Multiple ALOHA 'AINA Award Nominee (For Outstanding Service in Real

Estate Awarded by the Honolulu Board of Realtors)

Served 8 years on the Grievance Committee and the Professional

Standards Committee at the Honolulu Board of Realtors

Member of Hawaii BBB with A+ Rating

Certified Professional Home Stager

Short Sales and Foreclosure Resource (SFR)

REALTORS® Commitment to Excellence Endorsement (C2EX)

President-Elect of REBI Hawaii Chapter for 2027