According to RealtyTrac, a real estate research firm, there were only 314 foreclosuring filings in the state of Hawaii in April 2012. This is a huge decrease from the 1,081 filings recorded during the same month a year prior. Experts are attributing this massive decrease to new foreclosure law changes that have occured in the state over the past year. Thanks to these April numbers, the state of Hawaii has the 36th lowest rate of foreclosures in the United States at one filing for every 1,654 households. The national average is one filing for every 698 households.
Source: Honolulu Star Advertiser, 5-17-2012, 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
