SB1135 amends Hawaii foreclosure laws to prevent bundling of properties and allows eligible bidders 45 days to outbid the initial purchaser.

SB1135 amends Hawaii Revised Statutes to prohibit the bundling of foreclosed properties for sale to a single buyer and mandates that each property be sold separately. The bill also allows eligible bidders, including tenants, families, government entities, affordable housing nonprofits, and community land trusts, 45 days to submit a higher bid than the initial successful bidder. If an eligible bidder submits a subsequent bid that meets or exceeds the highest bid, they become the final successful bidder.

SB1135 amends Hawaii foreclosure laws to prevent bundling of properties and allows eligible bidders 45 days to outbid the initial purchaser.

SB1135 amends Hawaii Revised Statutes to prohibit the bundling of foreclosed properties for sale to a single buyer and mandates that each property be sold separately. The bill also allows eligible bidders, including tenants, families, government entities, affordable housing nonprofits, and community land trusts, 45 days to submit a higher bid than the initial successful bidder. If an eligible bidder submits a subsequent bid that meets or exceeds the highest bid, they become the final successful bidder.