JS Real Estate LLC

Realities of Foreclosed Home Buying in Hawaii

Buying foreclosed homes is a great way to obtain awesome deals on property either for your family or for the serious real estate investor. If you are an investor looking to make a profit off of your purchase, investing in foreclosed homes at bargain prices is a great way to begin to make a larger profit in a short span of time. However, no matter which category you fall into, the biggest reality surrounding foreclosed homes is the fact that many of these properties will be in various degrees of disrepair. As a result, it is important that you take this into consideration as well is factored into the price you pay for your foreclosed home.

What are Foreclosed Homes?

In short, foreclosed homes are properties that have been taken back by lenders due to the fact that the previous homeowners weren't able to make their monthly payments on their property. Unfortunately, in many cases when the lender takes these homes back, their state may be one of distress. This is oftentimes due to the fact that the home owner, while in the process of pre-foreclosure, was in such financial distress that they are unable to keep up with necessary maintenance. Also, depending on how long the home stays on the market as a foreclosure, this means that this vacant property has had time to collect dust among other things.

The downright shabbiness of foreclosed properties is the largest reason why prices are so low. Additionally, prices are also low due to the fact that lenders are seeking to recoup their investment in a way possible, and this includes selling off the property at a low or part in price. For that reason, lenders are willing to take less money than what is old on the property.

Hidden Realities of Repair

Unfortunately, many homeowners are disgruntled about losing their homes. To add insult to injury, there may be cases where homeowners intentionally damage their properties. Since they have nothing left to lose, it does not hurt the homeowner to damage their property leaving the lender was no other choice but to sell the home as-is or lose money by trying to fix the home up for resale.

Fortunately, these types of homes present themselves as a great buy for real estate investors or new homeowners who do not mind putting in the time or money to make the necessary repairs. Because you are willing to invest in such a troublesome property, your pay off at the end is that you not only save big on your purchase, but that you are also able to buy more home for your money in a neighborhood that you may not have been able to afford in the first place.

Forcelosure Articles

Buying a Hawaii Pre-Foreclosure House

Advice on Preventing a Hawaii Foreclosure


Options when dealing with Hawaii foreclosure

Prevent a Hawaii Foreclosure Before It Starts

Preventing Foreclosure on your Hawaii Home

Saving Your Hawaii Home from Foreclosure

Stop a Hawaii Foreclosure Sale

Featured Oahu Foreclosures

property image


91-660 Kilaha Street Unit E2, Ewa Beach

Affordable 2 bedroom 1 bath townhome in Ewa Beach with low maintenance fees. This is a townhome with a fenced-in yard in the back. The parking stall is open and close to ...

  • Beds2
  • Baths1
  • MLS202014908
  • Bldg.Ewalani Village
  • DOM12

property image


1630 Liholiho Street Unit 703, Honolulu

The Camelot is especially a great fit for the home seeker looking for a place to call their own. The Camelot is known for its excellent amenities, for example, it includ...

  • Beds1
  • Baths1
  • MLS202014716
  • Bldg.Camelot
  • DOM14

property image


91-594 Kuilioloa Place Unit FF4, Ewa Beach

HUD Home. PRICE REDUCED - Sold “AS IS” by electronic bid only. Property is available on 07-02-20. Bids are due 11:59 PM Central Time daily. FHA Case #141-150170. Insured ...

  • Beds3
  • Baths1
  • MLS202012263
  • Bldg.Ewa Apts
  • DOM35

property image


85-045 Army Street, Waianae

Have you always wanted to live by the ocean? Now is your chance! The beautiful sand awaits just two minutes away from this two-bedroom home. Enjoy the vast recreational a...

  • Beds2
  • Baths1
  • MLS202011954
  • DOM30

property image


84-814 A Farrington Highway, Waianae

Rare opportunity to live blocks from the beach on the spectacular Waianae Coast at an affordable cost. This four-bedroom, two-bathroom home awaits your personal touches. ...

  • Beds4
  • Baths2
  • MLS202011783
  • DOM42

property image


1088 Bishop Street Unit 1223, Honolulu

Rare opportunity to own a piece of Aloha in the heart of Honolulu. Whether you want a full-time residence, a charming Hawaiian pied-à-terre, or an investment opportunity,...

  • Beds1
  • Baths2
  • MLS202011416
  • Bldg.Executive Centre
  • DOM48

property image


98-1870 Kaahumanu Street Unit A, Pearl City

Come home to The Heights at Wailuna and enjoy this 3 bedroom 2 1/2 bath home and membership of the Wailuna Recreation Association. Here you can reserve the Lodge, Swim C...

  • Beds3
  • Baths3
  • MLS202010861
  • Bldg.Heights At Wailuna
  • DOM54

Free Daily Email Updates

  • Automated home searches
  • Favorite properties
  • Email updates
  • And much more…