Hawaii Foreclosure Law
Facts:
Judicial Foreclosure Available: Yes
Non-Judicial Foreclosure Available: Yes
Primary Security Instruments: Deed of Trust or Mortgage
Timeline: Approximately 60 Days
Right of Redemption: No
Deficiency Judgments Allowed: Yes
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Quick Summary:
In Hawaii, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
The foreclosure timeline in Hawaii is approximately 60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
Hawaii borrowers do not have the right of redemption but are allowed deficiency judgments.
New Information on Hawaii Foreclosure Laws and regulations:
Provides for the licensing and regulation of mortgage servicers. This law takes effect July 1, 2010.To view bill HI HB 1071 click here
For more information on Hawaii Foreclosure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state.
Or Contact:
Hawaii's Attorney General's Office
425 Queen St.
Honolulu, HI 96813
Ph: (808) 586-1500
Fax:(808) 586-1239