After the foreclosure sale, the highest bidder owns the house. Bidders can typically only pay cash to buy the property (except in extremely limited cases). When the sale happens, the money goes toward paying off the outstanding mortgage, and you no longer own the property. In Hawaii, unlike other states, you don’t typically have the right to buy the house after the sale. This is also called a right to redemption or redemption rights. Additionally, if the sale price doesn’t cover all the outstanding mortgage, the lender may seek to recover the remainder from you.