After losing a house to foreclosure, what is true about the right of redemption in Hawaii?

In Hawaii, there is no statutory right of redemption after a foreclosure. This means that once a property has been foreclosed and sold at auction, the previous owner does not have the legal ability to reclaim the property by paying off the owed amounts. The absence of a right of redemption implies that the ownership of the property fully transfers to the new buyer upon the completion of the foreclosure process, without any opportunity for the previous owner to recover the property afterwards.

Understanding this aspect of Hawaii's foreclosure laws underscores the significance of maintaining mortgage payments and seeking alternatives before foreclosure becomes a reality. Many other states allow for a right of redemption, giving former owners a chance to reinstate their ownership, but Hawaii's laws do not provide such a provision, which can have serious implications for homeowners facing financial difficulties.