Can I still make payments on my loan after a foreclosure sale?

In Hawaii, the answer to the question of whether or not you can still make payments on your loan after a foreclosure sale is usually no. Once the foreclosure sale has occurred, the new owner of the property is typically not able to accept payments from the previous owner. In Hawaii, the foreclosure process begins when the lender or bank files a complaint in court. Once the court rules in favor of the lender, a sale of the property is set up to pay off the debt owed. At the foreclosure sale, a bidder purchases the property and the debt is considered satisfied. At this point, the previous owner no longer has any legal rights to the property and therefore cannot make payments on the loan. In some cases, it may be possible to negotiate a repayment plan with the new owner, but this is not guaranteed. Therefore, if you are facing foreclosure in Hawaii, it is important to understand that you may not be able to make payments on your loan after the sale has taken place.

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Can I still make payments on my loan after a foreclosure sale?

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