HI: Oahu Foreclosures Fall for Fifth Month

Oahu ForeclosuresHome foreclosures continued to fall in April, marking the fifth consecutive month filings in Hawaii have been below the same month in the previous year.

Experts, however, said the decline continues to be an artificial depression due to several major lenders holding back on new filings after their loan documentation practices were called into question.

Real estate research firm RealtyTrac said there were 987 foreclosure filings statewide last month, a 33 percent decrease from 1,474 a year earlier.

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