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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.

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Featured Oahu Foreclosures

1909 Ala Wai Boulevard Unit 204, Honolulu image
1909 Ala Wai Boulevard Unit 204, Honolulu — Royal Aloha $175,000

Wondering opportunity to purchase this condo at a great price! Schedule a showing today! One of the few legal short term rentals available. This is a LEASEHOLD unit.

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60 N Beretania Street Unit 3406, Honolulu image
60 N Beretania Street Unit 3406, Honolulu — Honolulu Tower $300,000

Highly desired unit in the well kept secured Honolulu Tower Condo. Unit comes with one secured covered parking stall and has expansive city/mountain views with the floor...

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84-754 Ala Mahiku Street Unit 1146B, Waianae image
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Welcome to Makaha Valley Plantation! Tucked away in beautiful Makaha Valley, you can get away from all the hustle and bustle of town in this 2 bedroom, 1 bath, second flo...

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1514 Dillingham Boulevard Unit 305, Honolulu image
1514 Dillingham Boulevard Unit 305, Honolulu — Kapalama Makai $369,900

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53-549 Kamehameha Highway Unit 118, Hauula image
53-549 Kamehameha Highway Unit 118, Hauula — Hanohano Hale $185,000

Here's your chance to own a ground floor unit in the highly sought after Hanohano Hale complex situated on one of the most gorgeous beaches! One of the best units as it ...

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91-1203 Kaneana Street Unit 4F, Ewa Beach image
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Welcome home to Coronado! This ground floor, 1 bed, 1.5 bath unit features a fenced in patio area, and has been nicely updated with vinyl plank flooring, updated ceiling ...

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94-1398 Polani Street Unit 28T, Waipahu image
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Highly prized Royal Palm at Waipio Townhouse unit. Second floor unit allows greater airflow to pass through and unit is ready for the purchaser to make it their own.

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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