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Hawai‘i’s foreclosures decline while foreclosure starts increase

August 16, 2012
The Maui Weekly

Pacific Business News - The number of foreclosures in Hawai'i last month fell by 45 percent compared to July 2011, but foreclosure starts increased sharply from the month before, according to a report by Irvine, California-based RealtyTrac.

There were a total of 214 properties with foreclosure filings in Hawai'i in July, or one for every 2,428 housing units, which ranked the state 38th in the nation.

The total number of properties with filings included 158 notices of default, or foreclosure starts, which was more than double the number recorded in June.

O'ahu had 67 foreclosure starts in June, followed by Hawai'i Island with 40, Maui County with 36 and Kaua'i with 15.

There were only seven notices of public auction in July, and six of those were on O'ahu, with the other one on Kaua'i. A total of 49 bank repossessions were spread among the counties, with 19 on O'ahu, 17 on Hawai'i Island, nine in Maui County and four on Kaua'i.

 
 

 

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