Hawaii passed a bill amending the state’s nonjudicial power of sale foreclosure laws by adding 2 new sections to Chapter 667 (Foreclosures). Under the bill, mortgagees are prohibited from bundling mortgage properties at a public sale for sale to a single buyer and requires each foreclosed home to be sold separately, unless the deed or mortgage otherwise required. Also, the bill specified that the sale of a foreclosed property is not final until the earliest of either 15 days after the public sale (if an eligible bidder submits a subsequent bid or written notice of intent to submit a subsequent bid) or 45 days after the public sale (if an eligible bidder submits a subsequent bid) allowing tenants, families, city and state government, affordable housing nonprofits, and community land trusts to match or beat the best public sale bid to buy the property. The bill becomes effective July 1, 2025.
Click to view the Hawaii Senate Bill 332: https://www.tenaco.com/wp-content/uploads/2025/06/HI-SB-332-05-30-25.pdf
