Study: Hawaii foreclosure filings remain high

Hawaii foreclosure filings remain high

HONOLULU — A real estate research firm reports there were 925 foreclosure filings in Hawaii in October as distressed homeowners continued to deal with layoffs, furloughs and wage cuts.

The October figure is short of the 969 filings in September and the record 990 in July. There were 395 filings in October 2008.

RealtyTrac says at one filing per 545 households, Hawaii’s October foreclosure rate was 17th-worst in the nation. But it was still better than the national rate of one filing per 385 households.

Oahu had the lowest rate of foreclosure filings in the state last month with one per 863 households.

On the Big Island there was one per 338 households, while Maui had one per 298 households. Kauai saw one filing per 328 households.