Hawaii Realty International

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


87-107 Kulaaupuni Street Unit 2, Waianae

Home is occupied and will be sold through auction. No showings - exterior inspection only - do not disturb occupants. Property to be conveyed as-is and occupied. Buyers t...

  • Beds4
  • Baths2
  • MLS201628461
  • Bldg.Hoomaikai Village

property image


2724 Kahoaloha Lane Unit 806, Honolulu

Very spacious two bedroom two bath unit in a great location in Moiliili. Close to the freeway entrances, bus stops, new restaurants and the University of Hawaii. This ...

  • Beds2
  • Baths2
  • MLS201628408
  • Bldg.Kings Gate

property image


84-718 Ala Mahiku Street Unit 92B, Waianae

Makaha Valley Plantation offers two swimming pools, tennis court, BBQ area, security, and much, much more! Near great golfing and world famous Makaha Surfing Beach. Come...

  • Beds2
  • Baths1
  • MLS201628257
  • Bldg.Makaha Valley Pltn

property image


91-1180 Puamaeole Street Unit 10T, Ewa Beach

2nd floor 2br/1.5ba/2pkg unit in desirable Palm Villas. Freshly painted, new carpets, new gas range, water heater and disposal. Conveniently located near shopping, school...

  • Beds2
  • Baths2
  • MLS201628211
  • Bldg.Palm Villas

property image


440 Seaside Avenue Unit 305, Honolulu

Excellent location in the heart of Waikiki! You're going to love this 2 bedroom 1 bath 1 covered parking stall condo! Remodeled in in 2016. Brand new Kitchen with new Esp...

  • Beds2
  • Baths1
  • MLS201627920
  • Bldg.Seaside Suites

property image


1910 Ala Moana Boulevard Unit 7A, Honolulu

Premier building on the outskirts of Waikiki. Near Ala Moana Shopping Center, restaurants, shops, the heart of Waikiki, and the beach. Spacious master bedroom with en sui...

  • Beds2
  • Baths2
  • MLS201627748
  • Bldg.Canterbury Pl

property image


1325 N School Street Unit A302, Honolulu

Spacious studio in Kapalama Gardens. Conveniently located in the heart of Honolulu close to shops, restaurants and public transportation. Includes one parking space and t...

  • Baths1
  • MLS201626694
  • Bldg.Kapalama Gardens

Free Daily Email Updates

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