According to RealtyTrac, a total of 600 foreclosures were filed across to the state of Hawaii in March 2012. This was a 13 percent decrease from the 691 foreclosures that were filed the same month a year prior. Real estate experts predict however, that these numbers may increase after Act 48, which was designed to keep homeowners in their homes, is reviewed later this year. Act 48 went into effect approximately 1 year ago.
Source: Honolulu Star Advertiser, 4-12-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
