What is a foreclosure investor?

A foreclosure investor is someone who purchases a property that has been foreclosed on in Hawaii. Investors often purchase these properties at auction or through negotiations with the lender that foreclosed on the property. They can then either refurbish the property and lease it or resell it for a profit. Foreclosure investors seek to capitalize on pricing discrepancies between recent sales and foreclosures. When they purchase a foreclosed property, they usually pay a discounted price, which can be much lower than the current market value. This means that when the investor decides to resell the property, they stand to make a large profit. Foreclosure investors must also abide by the same laws and regulations as any other buyer or seller of real property in Hawaii. This includes submitting a deed prior to closing, paying a transfer tax on the sale, and filing the required paperwork with the county. Additionally, they must be aware of any potential liens, such as property taxes or homeowner association dues, that must be paid before the purchase can be completed. Finally, foreclosure investors must be aware of any time restrictions imposed by the lender or government on reselling the property. The timing of when the property can be resold can have a huge impact on the investor’s ability to make a profit. By understanding the laws and restrictions, investors can maximize their chances of success.

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What is a foreclosure investor?

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