Title: Frequently Asked Questions About Hawaii Real Estate
Headings: Hawaii Real Estate FAQ
Hawaii Real Estate FAQ
What is the real estate market like in Hawaii?
How do I determine the value of a property I’m considering purchasing?
Do I need to use a realtor to buy or sell property?
If I don’t use a realtor, what other options do I have?
What is the foreclosure process in Hawaii?
What kind of energy tax credits are available for Hawaii homeowners?
I live out of state. How can I invest in Hawaii real estate?
Who pays realtor commissions in Hawaii?
Who pays escrow costs in Hawaii?
How often do I need a termite inspection?
Should I buy property along the coastline?

Content: laws in recent years have significantly reduced non-judicial foreclosures). The judicial foreclosure, where a court order to foreclosure is obtained, is usually only invoked when the mortgage has no power of sale clause. A power of sale clause in the mortgage pre-authorizes the lender to foreclosure in case of homeowner default on the loan. When this clause exists, the lender will pursue a non-judicial foreclosure if one is necessary. Unless stated otherwise in the power of sale clause, a non-judicial foreclosure will follow this timeline: A notice of intent to foreclose must be published once a week for 3 successive weeks in a general circulation newspaper (such as the Honolulu Star-Advertiser) with the last publication not less than 14 days before the date of sale. Copies of the notice must be mailed or delivered to the mortgagor, the borrower, any prior or junior creditors, the state director of taxation and any other person entitled to receive notice. Additionally, the notice must be posted on the premises not less than 21 days before the day of sale. The notice must state items such as the date, time and place of the public sale; the dates and times of 2 open houses, if any are to be held;