Hawaii foreclosures soar 503 percent

Hawaii’s foreclosure activity rose a staggering 503 percent in March, the ninth consecutive month of double-digit increases for the state, according to RealtyTrac.

One out of every 700 households in Hawaii, or 724 homeowners, experienced a foreclosure filing last month. March was such an active month for foreclosures that it represented 47 percent of Hawaii’s quarterly foreclosure activity.

“Hawaii has always been behind the mainland a little bit and we are seeing signs that it is starting to catch up in regard to foreclosures,” said Blomquist.

Full Story: Hawaii foreclosures soar 503 percent