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Using a "deed in lieu of foreclosure," or "strict foreclosure", the noteholder claims the title and possession of the property back in full satisfaction of a debt, usually on contract. In the proceeding simply known as foreclosure (or, perhaps, distinguished as "judicial foreclosure"), the lender must sue the defaulting borrower in state court.
But while she waited out the COVID-19 pandemic in California before getting started on construction, a real estate broker mistakenly sold the property to a developer, who bulldozed the lot and ...
Apr. 18—Hawaii lawmakers are facing a decision on whether to give the Office of Hawaiian Affairs more income from ceded lands that the agency is owed. A bill that the House of Representatives ...
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Palmyra Island was registered in Land Court in 1912, [6] and land parcels there were subdivided and transferred in that system until 1959, when the rest of the Territory of Hawaii, excluding Palmyra and the Stewart Islands, became the State of Hawaii (Hawaii Admission Act [7]). The Land Court became a state court and lost jurisdiction over ...
Hawaii Housing Authority v. Midkiff , 467 U.S. 229 (1984), was a case in which the United States Supreme Court held that a state could use eminent domain to take land that was overwhelmingly concentrated in the hands of private landowners and redistribute it to the wider population of private residents.
The case involved the state’s lease of approximately 22,900 acres (9,300 ha) to the U.S. military at Pōhakuloa on Hawaiʻi Island. The court concluded that an essential part of the state’s duty is an obligation to reasonably monitor a third party’s use of the property. [39] Mauna Kea is also part of the corpus of Crown and Government Lands.
If cash flow is already lacking, purchasing property will likely only set you back even more. “Most of the time, buying property comes with unforeseen costs, such as maintenance, repairs or even ...