Honolulu has been mostly resilient as far as foreclosures go compared to the rest of the mainland U.S. The numbers have been rising lately however. Today's article in the Star Bulletin shows how we are now in the middle of the pack with nationwide foreclosures. Although nowhere near Las Vegas, etc. the trend is we will have many more foreclosure occurring based on the number of short sales on Oahu.
If you're looking for a great buy, here are some listings I put together of REO or "lender owned" properties available on Oahu: