Foreclosure filings in Hawaii set record

HONOLULU (AP) – A new report out this week says the number of foreclosure filings in Hawaii hit an all-time high of 1,629 in August.

According to the foreclosure listing firm RealtyTrac Inc., Hawaii had the 10th-highest foreclosure rate in the nation last month, with filings equating to one for every 315 households in the state.

Hawaii’s old high of 1,534 filings was set in December. Last month’s record is 87 percent above the 869 foreclosure filings in August 2009.

Maui County again had the highest rate of the state’s four counties at one filing per 187 households with a total of 353. By ZIP code, Kihei topped the list with 121 foreclosures, followed by Lahaina with 94.

The Big Island had the next-worst county rate at one per 205 households for a total of 353. Kauai had 87 filings, or one per 342 households.

Oahu had the most foreclosures at 800, but the lowest rate at one for every 421 households.

Nevada posted the highest foreclosure rate in the nation, with one in every 84 households receiving a notice. That’s 4.5 times the national average.