Redemption and Deficiency Judgments in Hawaii
Whether you can buy back your home after a foreclosure sale in Hawaii, and whether the lender can sue for what's still owed.
Short answer: For a nonjudicial power-of-sale foreclosure, the required public sale notice states that there is no right to cure the default or any right of redemption after the deadline of three business days before the sale. Haw. Rev. Stat. § 667-27(b)
| Redemption after the sale | For a nonjudicial power-of-sale foreclosure, the required public sale notice states that there is no right to cure the default or any right of redemption after the deadline of three business days before the sale. Source: Haw. Rev. Stat. § 667-27(b) |
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| Deficiency judgments | After a nonjudicial foreclosure of residential property, the lender (or anyone other than an association) may not pursue a deficiency judgment against an owner-occupant unless the debt is secured by other collateral. In a judicial foreclosure, the circuit court determines the amount due and renders judgment. |
More Hawaii foreclosure & homeowner law
- How Foreclosure Works in Hawaii
- HOA Liens and Foreclosure in Hawaii
- All Hawaii foreclosure & homeowner law rules
FAQ
Is there a right of redemption after foreclosure in Hawaii?
For a nonjudicial power-of-sale foreclosure, the required public sale notice states that there is no right to cure the default or any right of redemption after the deadline of three business days before the sale.
Can the lender come after you for the rest of the loan after foreclosure in Hawaii?
After a nonjudicial foreclosure of residential property, the lender (or anyone other than an association) may not pursue a deficiency judgment against an owner-occupant unless the debt is secured by other collateral. In a judicial foreclosure, the circuit court determines the amount due and renders judgment.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.