According to the state Judiciary, there were only 122 new foreclosure cases that were filed statewide in June 2014, down significantly from the 219 that were filed during the same month in a year prior. However, local foreclosure attorneys believed that this massive decrease is probably due to a recent tweak to the state foreclosure law which states that the lenders' attorney must submit written affirmations stating that the lawsuits contain no false statements. The foreclosure industry speculates that there will be additional new cases once attorneys and lenders are able to adjust to this new change.
Source: Honolulu Star Advertiser, 8-12-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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