The number of foreclosures in Hawaii rose nearly 32 percent in January from December’s figures, according to a report from RealtyTrac .
There were a total of 652 properties with foreclosure filings in January, including 487 notices of default, 16 notices of public auction and 149 bank-owned properties, Irvine, Calif.-based RealtyTrac said. That meant one of every 797 housing units in Hawaii had a foreclosure filing during the month.
The number was 34 percent fewer than in January 2011, but the 32 percent increase from December reversed a trend of declines since Hawaii’s mortgage foreclosure law took effect on May 1. The number of foreclosures in 2011 were cut in half because of the law, which changed the way lenders could file nonjudicial foreclosures.
Nationally, the number of foreclosure filings rose 3 percent from December to January, but fell 19 percent from January 2011, RealtyTrac said. Nationally, one in every 624 housing units in the United States had a foreclosure filing in January, RealtyTrac said.