Hawaii Foreclosures Up 229% From 2007

[Guest]

"Hawaii Foreclosures Up 229% From 2007"

Damn!

[Jon]

What are the hard numbers...

if in 2007 there was only one foreclosure and now there are 3, thats a 200% increase..


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I do not believe that America is better than everybody else...
America "IS" everybody else.

[Guest]

There were 3,346 home foreclosure filings in Hawaii in 2008.

Hawaii had a rate of one foreclosure filing for every 0.6 households, according to the year-end report.

Of the top 100 metro areas, Honolulu ranked 97th with 1,647 filings, up 218 percent from 2007.

[Jon]

Hmm

Honolulu is the 48 largest city in the US yet is ranked 97th in Foreclosures.... sounds like good news to me...

the statement "Hawaii had a rate of one foreclosure filing for every 0.6 households, according to the year-end report." does not add up for me... but its been a long day and I am sleepy...






-----------------------------------------------------------
I do not believe that America is better than everybody else...
America "IS" everybody else.

[John S. Rabi]

Hawaii was like the 47th on the list of states last year, with hardly any foreclosures. We are still in the bottom half.

Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"

[Jon]

How is that number derived? per capita? per home? or per mortgage on a home?


-----------------------------------------------------------
I do not believe that America is better than everybody else...
America "IS" everybody else.

[John S. Rabi]

By the number of foreclosures.

Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"

[Guest]

http://www.starbulletin.com/news/2009011...rease.html

[Bob Orts]

Question:

quote:

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Originally posted by Jon

How is that number derived? per capita? per home? or per mortgage on a home?

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Answer:

quote:

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Originally posted by Jon

if in 2007 there was only one foreclosure and now there are 3, thats a 200% increase..

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[anela1111]

I just heard a rumor that banks are not loaning money for purchases in HPP because its been identified as a high foreclosure area. Does anyone know if this is true?