Hawaii Foreclosure – New Cases Decrease in March 2013

According to a report issued by the state Judiciary, there were a total of 362 new foreclosure cases filed in March 2013. This was a decrease from the 404 cases that were filed in March 2012 and also a decrease from the 390 cases filed in February 2013. However, foreclosure experts caution that these numbers are slightly skewed due to two major overhauls in foreclosure law that occurred in 2011 and 2012 respectively. These changes to the law required attorneys to be responsible for the accuracy of all case documents submitted by lenders, making it much more time consuming for lenders to file court cases. As a result, experts state that it may be several more months before a clear understanding of the foreclosure market can be truly understood and trends predicted.

Source: State Judiciary

362 Foreclosure Cases – March 2013
390 Foreclosure Cases – February 2013
388 Foreclosure Cases – January 2013
341 Foreclosure Cases – December 2012
327 Foreclosure Cases – November 2012
196 Foreclosure Cases – October 2012
58 Foreclosure Cases – September 2012
59 Foreclosure Cases – August 2012
75 Foreclosure Cases – July 2012
458 Foreclosure Cases – June 2012
397 Foreclosure Cases – May 2012
382 Foreclosure Cases – April 2012
404 Foreclosure Cases – March 2012
345 Foreclosure Cases – April 2012

Source: Honolulu Star Advertiser, 4-30-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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