HI SB2946

Extends the period before a judicial foreclosure sale becomes final to allow "eligible bidders" to submit subsequent bids matching or exceeding the highest bid within 15-45 days after the public sale.

Defines "eligible bidders" as current tenants, prospective owner-occupants, affordable housing nonprofits, community land trusts, and state or county government agencies.

Requires eligible bidders who submit a successful subsequent bid to make a nonrefundable downpayment of at least 10% of the highest bid price.

Prospective owner-occupants must submit an affidavit committing to occupy the property as their primary residence within 60 days and maintain occupancy for at least one year.

Consolidates previously separate definitions for "eligible bidder," "eligible tenant buyer," and "prospective owner-occupant" into the general foreclosure statute definitions section.