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


1250 Richard Lane Unit 109, Honolulu

COMPLETELY UPDATED AND READY FOR YOU TO MOVE IN!!! Where else can you find completely remodeled fee simple unit at such a low price? Beautiful wood laminate plank floor...

  • Beds2
  • Baths1
  • MLS201900625
  • Bldg.1260 Richard Ln
  • DOM11

property image


84-964 Hana Street, Waianae

Drive the property first. Please do not enter the property without listor.

  • Beds3
  • Baths1
  • MLS201900577
  • DOM13

property image


94-513 Lumiaina Street Unit M206, Waipahu

Second Floor corner end unit with expansive views towards Pearl Harbor. Unit comes with TWO assigned parking stalls close to the unit. Within close proximity to Waikele...

  • Beds2
  • Baths1
  • MLS201900333
  • Bldg.Mahi Ko At Waikele
  • DOM16

property image


91-1022 Huliau Street Unit 1B, Ewa Beach

Perfect for first time homebuyers or investors. This ground floor 3 bedroom, 2 bath unit in the Suncrest/The Shores/Lombard Way/Avalon complex behind Holomua Elementary i...

  • Beds3
  • Baths2
  • MLS201900215
  • Bldg.Shores At Suncrest I
  • DOM18

property image


1717 Mott Smith Drive Unit 808, Honolulu

Secured building in central downtown. Bank owned, all offers must be submitted with pre-approved letter or proof of funds for cash buyers. Hurry and show this unit to yo...

  • Beds2
  • Baths2
  • MLS201831877
  • Bldg.Mott-Smith Laniloa
  • DOM23

property image


2499 Kapiolani Boulevard Unit 509, Honolulu

This is a Homesteps property. This property is eligible under the Freddie Mac First Look Initiative through 1/16/2019 Homesteps First look program, no investor offers the...

  • Beds3
  • Baths2
  • MLS201831768
  • Bldg.Iolani Court Plaza
  • DOM25

property image


53-567 Kamehameha Highway Unit 105, Hauula

Great opportunity to own this 1 bedroom 1 bathroom condo in Honolulu. This property built in 1975 has approximately 546 square feet of living space. Close to restaurants ...

  • Beds1
  • Baths1
  • MLS201831717
  • Bldg.Pats At Punaluu
  • DOM22

Free Daily Email Updates

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