hawaii foreclosure for august 2009
TRANSCRIPT
Compliments of
7169 �869 �272 �487 �110 �20 �Aug 2009
67237069146015519June 2009
720399032348118615July 2009
US Average Filings
Total Filings
Bank Owned
Auction Scheduled
90-days Past Due
State Ranking
Date
Hawaii Foreclosure Activity for August 2009
Theresa Harden, PB e-Pro Realtor®EXIT HAWAII DREAM REALTY
45-880 Kamehameha HwyKaneohe, HI 96744
Office (808) [email protected]
During past 12 months, Hawaii foreclosures activity is up 159 percent. During past 12 months, Hawaii foreclosures activity is up 159 percent.
Source: RealtyTrac U.S. Foreclosure Market Report
0
200
400
600
800
1000
1200
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09Aug-09
TotalFilings
AuctionScheduled
90-daysPast Due
BankOw ned
Foreclosure activity subsided in August
as Hawaii slipped back in state
rankings to position 20. During the past
six months a rather flat trend line has
developed with foreclosed properties
progressing into auction. Defaults past
90-days has decreased, but yet to be
known is how Hawaii’s increasing
unemployment will bear on our local
economy and housing market?
Opportunities are everywhere – condos, multi family, vacant lots, cash flow properties, single family homes
and these opportunities are not necessarily due to seller distress. If you qualify and intend to take
advantage of the $8,000 Tax Credit for 2009, you should take caution pursuing any property needing
lender approval since those transactions can typically taken more than 2 months to close. The Tax Credit
requires that the purchase property closes by November 30th which means recorded (in Hawaii) not just
signed. Timing is crucial and there is no room for delays since more buyers are competing for less
inventory. Call us today, we can help you find the right property, successfully contract and close it before
the fast approaching deadline of November 30, 2009. Don’t let this opportunity pass you by!
302
179
176
212
August 2009 total Hawaii Foreclosures was 869 with one in every 583 households in the foreclosure process. For Oahu, only one in every 1,109 households are reported in the foreclosure process.
August 2009 total Hawaii Foreclosures was 869 with one in every 583 households in the foreclosure process. For Oahu, only one in every 1,109 households are reported in the foreclosure process.