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Wyndham Grand Desert 154k & Bali Hai 105k, VV Williamsburg 4L/4 & 2/2
Former: Wyndham 276k, HVC South Bend 1/1
I’m not a lawyer and this is not legal advice.
I just looked up Hawai’i non judicial anti deficiency foreclosure:
Hawaii does have an anti-deficiency law, but it only applies to nonjudicial foreclosures. (Haw. Rev. Stat. § 667-38). Deficiency judgments are allowed in judicial foreclosures.
View attachment 14804
AllLaw › articles › nolo › laws-in-h...
Hawaii Home Foreclosure Laws | AllLaw
Seems like whether a TS has a loan or not will affect the foreclosure forum and chances for a deficiency judgment.
Initiating a judicial foreclosure action will typically cost $900: $300 for Complaint, $300 for first court appearance, and $300 for final court appearance.
If someone has a Ts with $30k mortgage left plus $1k MF, the Ts company may spend the $900 to pursue the $31k deficiency judgment.
However, it will be hard to justify spending $900 to pursue a $1k MF deficiency judgment.
Another reason to go resale! We go resale to: 1) obviously save $$$, 2) for Mf default, credit score decreases, judicial foreclosures, and deficiency judgments are less likely.