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


1750 Kalakaua Avenue Unit 1401, Honolulu

This is a HomeSteps property. This property is eligible under the Freddie Mac First Look Initiative through 4/8/2019. HomeSteps First Look program, no investor offers the...

  • Baths1
  • MLS201907702
  • Bldg.Century Center
  • DOM6

property image


94-1457 Waipio Uka Street Unit O106, Waipahu

Welcome to the Villages at Waipio! This 2 bedroom, 1.5 bath, ground floor townhome unit just needs your final touches to come to life. Bathrooms feature newer vanities/fi...

  • Beds2
  • Baths2
  • MLS201907470
  • Bldg.Villages At Waipio The
  • DOM7

property image


85-1028 Pilokea Street, Waianae

7,728 sq. ft. land area in a cul-de-sac, with this spacious single house. Enjoy the gorgeous mountain view. Parking is perfect for boat owner. Extra large , valuable leve...

  • Beds4
  • Baths3
  • MLS201907476
  • DOM7

property image


1910 Ala Moana Boulevard Unit 12C, Honolulu

Generous 2-bedroom corner unit with excellent cross ventilation and stunning DH / ocean views in the luxurious Canterbury Pl. Fabulous secure building w/ 24h doorman in t...

  • Beds2
  • Baths2
  • MLS201905251
  • Bldg.Canterbury Pl
  • DOM17

property image


87-234 Auyong Hmstd Road, Waianae

Great buy if you're looking for a single family under $300k! Awesome opportunity to give this one your TLC and bring back to life! Don't pass this one by! It won't last!

  • Beds2
  • Baths1
  • MLS201905625
  • DOM20

property image


85-175 Farrington Highway Unit C128, Waianae

Ground floor one bedroom unit steps away from the ocean! Complex amenities include 24 hr. security, pool, sauna, club house and much more! Come and see this unit before...

  • Beds1
  • Baths1
  • MLS201905519
  • Bldg.Makaha Surfside
  • DOM20

property image


85-156F Ala Walua Street, Waianae

Very rare spacious two story end unit 6 bedroom/2 bath/2 open parking fronting unit. Originally a 4 bed/1.5 bath. (2 bed/1 bath main flr., 4 bed/1 bath upstairs). Propert...

  • Beds6
  • Baths2
  • MLS201905421
  • Bldg.Ulu Wehi
  • DOM20

Free Daily Email Updates

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