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


86-204 Kawili Street, Waianae

This is a HomeSteps property. This property is eligible under the Freddie Mac First look Initiative through 3/18/2015 HomeSteps First look program, no investor offers the...

  • Beds6
  • Baths5.0
  • MLS201503058

property image


2152 Awikiwiki Street, Pearl City

Contractor Special! Property needs major repair. 3 Bedroom, 1.5 Bath Pacific Palisades home with 1 car carport. Home awaits your creative ideas! Single level home on an i...

  • Beds3
  • Baths1.01
  • MLS201502963

property image


2499 Kapiolani Boulevard Unit 509, Honolulu

One of a kind exceptional living. Entrance to the recreation deck is just down the hall. Covered and secured Parking is simply down the steps. Garden view from a large w...

  • Beds3
  • Baths2.0
  • MLS201502799
  • Bldg.Iolani Court Plaza

property image


2442 Tusitala Street Unit 209, Honolulu

If you work in Waikiki, then Ainahau Gardens is within walking distance. Few blocks away and your toes are soaking up the Sand Beach. Secured building near restaurants, ...

  • Baths1.0
  • MLS201502796

property image


2442 Tusitala Street Unit 103, Honolulu

Convenient 2nd fl studio in Ainahau Gardens. Walk to work in Waikiki. Few blocks and you are at Sandy Beach between your toes. Secured building near restaurants, grocer...

  • Baths1.0
  • MLS201502795

property image


92-1019 Lalahi Street Unit 12101, Kapolei

Enjoy cool Makakilo breezes from this rarely available ground floor 2 bedroom, 2bath, 2 parking, corner unit with private yard! Conveniently located close to schools, sho...

  • Beds2
  • Baths2.0
  • MLS201502741
  • Bldg.Makakilo Cliffs

property image


84-680 Kili Drive Unit 910, Waianae

Recently renovated with awesome view of the Waianae Valley and coastline. New paint, carpets, appliances, flooring. This is a short sale subject to lender approval. Unit ...

  • Beds1
  • Baths1.0
  • MLS201502735
  • Bldg.Makaha Valley Towers

Free Daily Email Updates

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