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Old 04-17-2010, 11:53 AM
820 posts, read 2,806,902 times
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There's an article today in Maui News about foreclosures. For those of you thinking of relocating and buying a home, this could be good news. For those of you already here or trying to sell, not so much.

When we take a neighborhood walk we see several homes that have been foreclosed and/or abandoned. Tough to see them boarded up and overgrown.

How's it looking where you live?

Maui County foreclosures remain heavy - Mauinews.com | News, Sports, Jobs, Visitor's Information - The Maui News

A few excerpts:
There were 217 new foreclosure filings last month, or one out of every 305 households in Maui County, according to real estate research company RealtyTrac.

"This is the third highest month we have experienced," said John Andersen, who tracks foreclosures as executive director of Na Hale O Maui, a nonprofit organization that converts foreclosed properties to affordable housing.

Kihei had the highest number of new foreclosures with 74 filings in March. Lahaina had 58 new filings, and Wailuku had 32.

New foreclosure filings are defined as properties that have received foreclosure filings, default notices, or foreclosure auction notices, or have been repossessed by banks.

Kahului had 20 filings, Makawao 16 and Haiku six, RealtyTrac reported Thursday.

Statewide, there were 1,097 new foreclosures, with 522 on Oahu, 282 on the Big Island and 76 on Kauai.
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Old 04-17-2010, 11:54 PM
Location: Moku Nui, Hawaii
10,638 posts, read 20,351,329 times
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There have been a lot of foreclosures in the past several years. Sometimes several page fulls in the newspaper. Each foreclosure notice takes up a lot of space, though, so it's not quite as many as it might seem. There are a lot of "for sale" signs and some places aren't even bothering to put up a sign. Our neighbor's house is listed in the MLS but no sign on the lawn. I'm not sure why. We also know several folks who have been foreclosed on and lots of others who have lost jobs and either moved away or moved in with relatives. No jobs and until we see new jobs, I think the foreclosures are going to continue. There are a lot of folks who are using savings to pay the mortgage and that doesn't work for very long.
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