SB1135

Hawaii SB1135 prohibits bundling of foreclosed properties and allows eligible bidders 45 days to match or beat the highest bid.

Hawaii SB1135 amends foreclosure laws to prevent sellers from bundling properties at public sales, ensuring each foreclosed home is sold separately. The bill also allows eligible bidders, including tenants, families, government entities, affordable housing nonprofits, and community land trusts, 45 days to match or exceed the highest bid. Eligible bidders include those occupying the property, prospective owner-occupants, and certain nonprofit organizations. The bill aims to prevent foreclosed homes from becoming investor-owned rentals and to maintain residential occupancy.