It means the forfeiture will be able to be considered as justifying a discount in the penalty against Matamata who at the end of his trial in March was remanded in custody pending the sentencing.
The properties together were values at $675,000 and the $215,000 represented 49 per cent of the equity remaining after the interests of banks was taken into account.
Justice Cull congratulated Matamata and other parties' bank in reaching the agreement and said: "It must have been a difficult matter resolving all of the issues. You've done an amazing job."
He had been found guilty on 23 of 24 charges involving 13 victims, spanning 25 years, from 1994 to his arrest in April last year.
Witnesses told of being brought from Matamata's native Samoa to work for him in New Zealand, but going without pay and in some cases being kept in captive and abusive conditions.
While the two homes were in the names of Matamata's sons, Justice Cull found that under the Criminal Proceeds (Recovery) Act the two houses were "instruments" of crime and that forfeiture in terms of the order should take place.