Distressed Properties Sale Articles

Find foreclosures in Honolulu by considering foreclosed condos as the city’s condo market slowed despite sharp reduction in condo prices.

Several areas in the Big Island of Hawaii are experiencing an increase in the number of foreclosure properties. Kona tops the state in terms of high foreclosure rates in July.

For the second time in a year, Hawaii posted a tremendous increase in the number of foreclosed homes. In June, the foreclosure rate in the state rose by 427 percent. The number of foreclosure properties for the same month last year was 706.

While foreclosed homes in other states are oftentimes concentrated in certain neighborhoods, Hawaii foreclosures are spread out. Almost always also, they are owned by out-of-state banks.