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STAR-ADVERTISER / 2010
Clusters of homes seen on the Wilhemina Hillside in Kaimuki. The number of real estate foreclosure lawsuits filed statewide in 2016 fell for a third consecutive year while the pace of decline continued to shrink.
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Fewer homeowners in Hawaii were sued by mortgage lenders seeking to repossess their homes in foreclosure last year, data from the state Judiciary suggest.
HAWAII PROPERTY FORECLOSURE CASES
2016 – Total of 1,734 foreclosures with -5% change
2015 – …1,826 …-12%
2014 – …2,084 …-39%
2013 – …3,430 …3%
2012 – …3,326 …21%
2011 – …2,757 …107%
2010 – …1,331 *
*Many foreclosures by mortgage lenders were conducted out of court in 2010. That stopped in mid-2011.
The number of real estate foreclosure lawsuits filed statewide in 2016 fell for a third consecutive year while the pace of decline continued to shrink.
There were 1,734 foreclosure cases initiated in Circuit Court last year. That was down 5 percent from 1,826 cases the year before.
Last year’s decline was smaller than the previous two years where case volume fell 12 percent in 2015 and 39 percent in 2014.
Foreclosure case volume in recent years peaked at 3,430 in 2013 after rising from 3,326 in 2012. But the number of new cases around that time was muddled by changes to the state’s foreclosure law that affected how lenders pursued foreclosures.
The Judiciary data on new foreclosure cases can include commercial real estate and some cases initiated by homeowner associations.
However, many homeowner association cases, which can be filed against a homeowner for failure to pay maintenance fees in a condominium property, are conducted out of court. Foreclosure cases against timeshare owners also are typically handled out of court.
