Hawaii Foreclosures Are Up 16%

By /
hawaiimoneyblog:

One out of every 311 residential properties in Hawaii was caught up in the foreclosure process during the first quarter of 2012, according to new data.

Pacific Business News reports that a total of 1,668 properties “received at least one foreclosure filing or notice of default, or was sold at a public auction or repossessed by a lender from January through March,” according to RealtyTrac data.

The numbers were down 35 percent compared to the first quarter of 2011, but it was a 16 percent increase from the just prior quarter.

“Nationally, foreclosure filings during the quarter were down 16 percent from the first quarter of 2011,” PBN reported.

What it means to support Civil Beat.

Supporting Civil Beat means you’re investing in a newsroom that can devote months to investigate corruption. It means we can cover vulnerable, overlooked communities because those stories matter. And, it means we serve you. And only you.

Donate today and help sustain the kind of journalism Hawaiʻi cannot afford to lose.

Donate

About the Author