If Robert lost his property in a tax foreclosure, what is his option to regain it?

Prepare for the Hawaii Real Estate Salesperson Exam effectively. Study with our engaging quiz featuring flashcards and multiple-choice questions, complete with hints and detailed explanations. Get ready to ace your exam with confidence!

The option to redeem the property by paying all expenses to the new owner within one year is the correct answer because tax foreclosure laws in Hawaii allow property owners a period of redemption after losing their property. This period, usually set at one year, enables owners like Robert to reclaim their property by settling not only the outstanding taxes but also any expenses incurred by the new owner during that time. This provision serves to protect property owners from the immediate loss of their property and gives them a chance to rectify their financial issues.

This option acknowledges the measures put in place within Hawaii’s tax foreclosure processes, designed to assist property owners in reclaiming their property after a tax default, ensuring a fair chance for redemption despite financial difficulties.

In contrast, the other options do not align with the established laws regarding tax foreclosure in Hawaii. Paying back taxes within six months or to the Tax Collector does not encompass the necessary steps to regain ownership and lacks the provision to include any expenses that would need to be reimbursed to the new owner. Additionally, simply proving that no money is owed does not address the requirement to reconcile with the new owner, who has acquired ownership rights to the property after the foreclosure.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy