Hawaii had 10th highest August foreclosure rate

Hawaii was the state with the 10th highest foreclosure rate during the month of August, with one out of every 315 mortgages foreclosed. Hawaii had 57 notices of defaults, 1,099 notice of trustee sales and 473 foreclosed properties in August, as shown in RealtyTrac’s U.S. Foreclosure Market Report for that month.

Nevada had the highest foreclosure rate in the nation – one out of every 84 mortgages – with 6,050 default notices, 4,636 notices of trustee sales and 2,699 bank repossessions.

Nationally, there were 95,364 foreclosed properties in August – one out of every 381 mortgages – which is up 25 percent from the same month last year. According to the report, August was the ninth-straight month where bank repossessions had increased on a year-over-year basis. RealtyTrac gathered data from more than 2,200 counties across the country for the report. The counties represent over 90 percent of the U.S. population.