On June 3,2008 Hawaii Governor Linda Lingle signed HI S.B. 2454 into law. S.B. 2454 amends the state's nonjudicial foreclosure laws.

Under the amended law:

• a mortgagee desiring to foreclose under a power of sale or alternate power of sale must be represented by a licensed attorney who is physically located in Hawaii.
• the foreclosing mortgagee or attorney must provide certain information to entitled parties upon request, including:
  a) the amount necessary to cure the default;
  b) the date and time of any postponed foreclosure auction and;
  c) the sale price of the mortgaged property after the foreclosure auction.

To view the full text of the bill, please click here.

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 500 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.