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Foreclosures in Honolulu surge

While some cities in the Continental U.S. have seen the rates of foreclosure slowing in recent months, the numbers have been skyrocketing in Hawaii’s capital.

According to a report in the Honolulu Star, the number of properties in the city that were foreclosed on by banks in the first six months of the year rose more 70 percent from the same period in 2009. The report, which cited regional statistics from the real estate research firm RealtyTrac, found that there were 2,784 foreclosure filings in Honolulu, an increase of 72.3 percent. Read the full post