 |
 |
 |
|
 |
|
Hawaii Realty International, LLC
1888 Kalakaua Avenue, Suite C312
Honolulu, HI 96815
|
|
|
|
|
|
|
 |
 |
|
 |
|
02.10.2010
Hawaii ranks 11th for foreclosure filings |
|
Wednesday, February 10, 2010, 7:01pm HAST
Hawaii ranks 11th for foreclosure filings
Pacific Business News (Honolulu)
Hawaii moved up to its highest ranking yet for foreclosure rates on a national report, despite seeing the number of foreclosure filings fall 15 percent in January from the month before.
Hawaii was ranked 11th on RealtyTrac’s January foreclosure report, with a total of 1,302 foreclosure filings, or one for every 394 housing units.
That was a 15 percent decline from December, but a four-fold increase, or 286 percent, over January 2009, the Irvine, Calif.-based company said.
Nationally, the number of foreclosure filings — which include default notices, notices of public auctions and bank repossessions — fell 10 percent in January from December’s figures, and was up by 15 percent over January 2009.
“January foreclosure numbers are exhibiting a pattern very similar to a year ago: a double-digit percentage jump in December foreclosure activity followed by a 10 percent drop in January,” said RealtyTrac CEO James J. Saccacio. “If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan-modification programs or the new short-sale and deed-in-lieu of foreclosure alternatives works.”
Nevada, where one in every 95 housing units had a foreclosure filing in January, remained at the top of the list of foreclosure rates, despite a year-over-year decrease in foreclosure activity of 18 percent. Arizona was ranked second, with one in every 129 housing units, while California and Florida each had one in every 187 housing units receiving foreclosure filings.
Utah, Idaho, Michigan, Illinois, Oregon and Georgia rounded out the top 10, with Hawaii following at No. 11. |
| << Back to Listing |
|
|
|
|
|
