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Foreclosures, Short Sales & REO's

Honolulu Ranks 150th in the Nation for Foreclosures

According to a recent Hawaii Life post, Hawaii foreclosures are up 503%, which is a significant increase.  Although this may sound alarming as if the “sky is falling”, it still isn’t as bad here as other parts of the mainland.  There was an article in today’s Star Bulletin that says Honolulu is rated 150th in the nation out of 200 metro areas that are tracked.  To get the latest update on some great Foreclosure Buys, check out the Hawaii foreclosure gallery or contact your realtor to find some great deals!

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Justin - Head Web Head

April 22, 2009

The state of Hawaii has one of the lowest foreclosure rates in the nation.

Ron Margolis

April 23, 2009

Yeah, we are 150th but my notion is that we are climbing up the ranks. I continue to see the number of NOD(Notice of Defaults) rising, and that will more than likely contribute to rise in foreclosures, despite the efforts of the Reinvestment and Recovery Act and the efforts of some banks to assist owners in keeping their homes.
Time will tell…

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