Hawaii Sees Fewer Foreclosures in May 2011

Posted on Friday, June 17th, 2011 at 11:17am.

Hawaii Sees Fewer Foreclosures in May 2011

According to Pacific Business News and RealtyTrac, "Foreclosures in Hawaii fell nearly 15 percent in May compared to the same month last year."

There were a total of 900 homes with foreclosure filings last month, including 87 notices of default, 438 trustee sales and 375 bank repossessions, according to Irvine, Calif.-based RealtyTrac. One in every 573 housing units in the Islands received a foreclosure filing. That placed Hawaii 12th in the nation, meaning that only 11 states had worse foreclosure percentages.

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