Hawaii foreclosure numbers declined in July

The number of foreclosures in Hawaii declined by 6% in July from July 2009.  This breaks the 37 month straight increase in foreclosures.  The numbers were concentrated in the early-stage filings, which includes trustee sales and default notices.  It is really unclear as to whether the lenders are holding back on these filings or if this is truly a decline, so we are still in a wait and see mode.