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For Sale by Owner Articles and guides. Hawaii foreclosures to triple last month. Hawaii foreclosure filings tripled last month amid the ongoing economic downturn, research firm RealtyTrac said Thursday. There were 395 foreclosure filings in October, up from 131 the same month last year. Have sharply increased since July. At first, most properties were foreclosed on people unable to make payments after interest rates rose on their hybrid and subprime loans.
Foreclosures were up 5 percent nationally month to month. But foreclosures were up 26 percent compared to October 2007. New Jersey was ranked eighth nationally with a foreclosure filing rate of one out of every 410 homes, a nearly 75 percent increase from October 2007.
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The site had the following in the homepage, "Area foreclosures increasing, not at national rates." I noticed that the web site stated " The number of Americans losing their homes because of an inability to pay continues to grow nationally." They also stated " 8220;Foreclosures have become more frequent here, but nothing like other places in the nation, said Brian Monge, an agent with Jim Maloof Realtor. The good news is that the problem hasnt hit central Illinois as badly as it has other parts of the country."ANALYZE MORE BUSINESSES
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