Hawaii Foreclosure – Cases Increase in December 2012

According to a report released by the state Judiciary Department, the number of foreclosures filed statewide increased to 341 new cases in December 2012. In comparison, 327 new cases were filed in November, and 196 new cases were filed in October. Experts say that this increase is to be expected as lenders are starting to file more foreclosures now that there is a better understanding of the legal changes (Act 182) that were made in June 2012. Many court cases were suspended or delayed due to Act 182, and have now been restarted in the court system.

341 foreclosures filed – December 2012
327 foreclosures filed – November 2012
196 foreclosures filed – October 2012
58 foreclosures filed – September 2012
59 foreclosures filed – August 2012
75 foreclosures filed – July 2012 (Act 182 Started)
458 foreclosures filed – June 2012
397 foreclosures filed – May 2012
382 foreclosures filed – April 2012
404 foreclosures filed – March 2012
345 foreclosures filed – February 2012
285 foreclosures filed – January 2012

Source: Honolulu Star Advertiser, 1-29-2013, 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