According to the state Judiciary, only 75 new foreclosure cases were filed during July 2012. This was a huge drop compared to the 355 cases filed during the same month a year prior. Experts attribute this dramatic shift to the latest changes in Hawaii’s foreclosure law brought about by Act 182 which went into effect in June. Act 182 has even stricter requirements for lending companies and their legal departments when seeking to foreclose on homeowners.
Source: Honolulu Star Advertiser, 8-25-2012, 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
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
