Fewer Hawaii foreclosure filings in October

By Howard Dicus - bio | email

HONOLULU (HawaiiNewsNow) - There were more than 1,000 new foreclosure filings in Hawaii again last month, but fewer than the month before.

The mainland research firm Realty Trac counted 1,271 new filings in Hawaii but said there were hundreds fewer than in either August or September.

Realty Trac counted only three actual foreclosure sales across the state.

Of the other filings, many of which are settled before actual foreclosure through short sales or caught-up payments, there were more than 100 in just two hotspots statewide, Honolulu and Kona.

But there were 90 in Ewa, 77 in Kihei, 60 in Kapolei and 59 in Lahaina. And 54 filings were counted in Waianae, showing that foreclosures in some cases include many local homeowners, not only investment buyers from out of state.

On the mainland, foreclosure sales have often been for 30% less than the previous price of homes in the same areas, but Hawaii foreclosure and short sales have been discounted less.

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