Foreclosures rise in October with new law

Despite the increase, the 195 cases are significantly fewer than last year's count

By Andrew Gomes

POSTED: 01:30 a.m. HST, Nov 29, 2012

~~<p>It took four months, but a predicted surge in new Hawaii foreclosure cases emerged in October as more law firms and mortgage lenders adjusted to the latest overhaul of a state foreclosure law enacted in June.</p>
<p>The number of foreclosure lawsuits filed statewide roughly tripled to 195 last month from about 60 to 70 in each of the three previous months, according to figures made public this week by the state Judiciary.</p>
~~

It took four months, but a predicted surge in new Hawaii foreclosure cases emerged in October as more law firms and mortgage lenders adjusted to the latest overhaul of a state foreclosure law enacted in June.

The number of foreclosure lawsuits filed statewide roughly tripled to 195 last month from about 60 to 70 in each of the three previous months, according to figures made public this week by the state Judiciary. Login for more...