A national company that tracks foreclosures reports Hawaii had one of the highest foreclosure rates in the third quarter.
There were 1,617 foreclosure filings in Hawaii last month, a 67 percent increase from September 2009, according to the Irvine, Calif.-based real estate research firm RealtyTrac. Hawaii’s all-time high of 1,629 filings was recorded in August.
In September, Hawaii’s rate amounted to one foreclosure filing for every 317 households.
Nationally, the rate of foreclosures last month was one filing per 371 households, almost unchanged from the same month last year.
Maui County had the highest foreclosure rate in Hawaii in September with one filing per 191 households based on a total of 374 filings. Kihei had most of those with 123, followed by Lahaina with 71.
The Big Island was next at one filing per 194 households based on a total of 411, followed by Kauai with one per every 246 households based on a total of 121. Oahu had 738 filings, but that worked out to the state’s lowest rate at one per every 457 households.