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Hawaii Foreclosures Poised For Big Increase

By
Real Estate Agent with Inactive INACTIVE HI Lic# RB-20941

Home foreclosures

Hawaiian Islands

 

According to the current issue of Pacific Business News, Hawaii foreclosures have jumped in 2009 and are expected to continue to increase.  They report that the number of foreclosures for the first half of 2009 is up 300% from 2008 and is expected to continue to increase as banks get more aggressive in clearing out delinquent properties.  Maui is reported to lead the state in foreclosure rates with 1 per 81 housing units.  Kauai is not far behind with 1 in 98.

Clearly the foreclosure monkey has reached Hawaii with many owners in distress.  For those that have not been caught up in financial distress, now is a great time to buy that dream home in Hawaii.

Aloha,

 Search Kauai/Big Island| Search Maui| Email| About Me| Visit Website| Phone/Text (808) 651-4550Richard Dolbeare (RA), Century 21 All Islands logo

Engineering Hawaii Dreams Today--Helping Buyers Find Dream Homes &; Sellers Find Buyers

Visit www.KauaiRocks.comfor Hawaii real estate information  

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Richard T. Dolbeare, R(B) photo

Richard Dolbeare, R(B), HI LIc. # RB-20941
Hawaii multi-island specialist for Maui & Kauai with eXp Realty
Property owner on both Maui & Kauai
(808) 651-4550 | Aloha@eXp808.com
MauiSandCastles.comKauaiRocks.com

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eXp Realty is a nationwide cloud-based brokerage licensed in Hawaii as follows:

eXp Realty, Lic. # RB-21841, 500 Ala Moana Blvd., #7-400, Honolulu, HI 96813

Comments (3)

Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Hi Richard: I thought Hawaii might be more immune - - - but I guess not.

:)

Jul 25, 2009 03:27 PM
Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

Lots of us thought that Matt.  I finally came around to reality a few months ago.

Jul 26, 2009 06:28 AM
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

I'm waiting for my REO inventory to increase but no new assignments last week or this week. :(

Jul 28, 2009 06:21 PM