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Hawaii, 13 other states high in pre-foreclosure filings

Real Estate News From the We Buy Houses

Pre-foreclosures reached a record last month in 14 states and the District of Columbia, including Hawaii.

Hawaii had 373 pre-foreclosure filings, a new monthly record, but still a relatively small number when compared to other states, according to new statistics released by ForeclosureS.com of Sacramento, Calif.

California had 25.2 pre-foreclosure filings for 1,000 households in July, the fourth-highest rate in the nation, and a 119 percent increase compared to July 2007, said Alexis McGee, president of ForeclosureS.com.

The Southwest and Southeast regions have been the hardest hit, with three and four times the number of pre-foreclosures in July than in the Northeast and Midwest, respectively. The Southwest region had 86,625 pre-foreclosures and the Southeast 65,458, compared with 20,541 in the Northeast and 19,640 in the Midwest.

The states with the most pre-foreclosure filings per 1,000 households year to date through July:

• Nevada, 59.1 per 1,000, up 126.44 percent from a year ago

• Arizona, 54.9 per 1,000, up 403.67 percent from a year ago

• Florida, 48.3 per 1,000 up 176 percent from a year ago

• California, 25.2 per 1,000, up 119.13 percent from a year ago.

The 14 states with monthly record totals for July pre-foreclosure filings:

• Nevada, 7,993

• New York, 5,157

• North Carolina, 4,888

• Tennessee, 3,499

• Oregon, 3,199

• Missouri, 2,561

• Utah, 1,973

• Pennsylvania, 1,520

• Nebraska, 820

• New Mexico, 495

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