Hawaii HB1775 amends foreclosure laws to allow eligible bidders to submit higher bids after a public sale.

Hawaii HB1775 modifies foreclosure procedures by allowing eligible bidders to submit higher bids after a public sale. Eligible bidders include tenant buyers, prospective owner-occupants, nonprofit corporations focused on affordable housing, community land trusts, and government agencies. The public sale is not final until the later of fifteen days after the sale or forty-five days after the sale, if an eligible bidder submits a higher bid or a written notice of intent to bid.

Hawaii HB1775 amends foreclosure laws to allow eligible bidders to submit higher bids after a public sale.

Hawaii HB1775 modifies foreclosure procedures by allowing eligible bidders to submit higher bids after a public sale. Eligible bidders include tenant buyers, prospective owner-occupants, nonprofit corporations focused on affordable housing, community land trusts, and government agencies. The public sale is not final until the later of fifteen days after the sale or forty-five days after the sale, if an eligible bidder submits a higher bid or a written notice of intent to bid.