NOTICE:The information provided here is for the benefit of interested persons but the Commissioner does not warrant the accuracy of the information. Persons interested in bidding should do their own independent investigation.
CASE NAME: WELLS FARGO BANK, N.A., AS TRUSTEE FOR CARRINGTON MORTGAGE LOAN TRUST, SERIES 2007-RFC1, ASSET-BACKED PASS-THROUGH CERTIFICATES VS. MARSHALL D. CHINEN, ESQ., AS PERSONAL REPRESENTATIVE OF THE ESTATE OF DRAKE ALLEN DAVID et al; CIVIL NUMBER 3CCV-20-000094
LOCATION OF PROPERTY: 11-3202 Pa Alii Street, Vocano, Hawaii 96785 (Royal Hawaiian Subdivision)GET DIRECTIONS
LEGAL DESCRIPTION: All of that certain parcel of land situate at Keaau, Puna, Island and County of Hawaii, State of Hawaii, described as follows: Lot 1611, area 10,000 square feet, more or less, as shown on Map 48, filed in the Office of the Assistant Registrar of the Land Court of the State of Hawaii with Land Court Application No. 1053 (amended) of W.H. Shipman, Limited; Being all of the land described in Transer Certificate(s) of Title No. 573,941
TMK: (3) 1-1-017-011-0000
IMPROVEMENTS: 3BR, 1 bath, 880 sq. ft, dwelling with an effective year built date of 1972 on a .2296 acre, more or less lot per the records of the County of Hawaii Real Property Tax Office.
Market Land Value: $10,000.00
Market Building Value: $112,300.00
OPEN HOUSES WERE HELD:
Saturday, July 31, 2021 from 11:00 a.m. to 1:00 p.m.
Sunday, August 8, 2021 from 11:00 a.m. to 1:00 p.m.
PUBLIC AUCTION WAS HELD on Monday, September 20, 2021 at Noon at the front of Hale Kaulike (the Hilo courthouse), 777 Kilauea Ave, Hilo, Hawaii. A high bid of $88,200.00 was received from Plaintiff WELLS FARGO BANK, N.A., AS TRUSTEE FOR CARRINGTON MORTGAGE LOAN TRUST, SERIES 2007-RFC1, ASSET-BACKED PASS-THROUGH CERTIFICATES. The sale is subject to court confirmation.
CONFIRMATION HEARING was held on NOVEMBER 1, 2021 AT 8:00 A.M in the Courtroom of the Hon. Henry T. Nakamoto, Judge of the Circuit Court of the Third Circuit, State of Hawaii. The sale of the property to the high bidder at the public auction was confirmed. The sale is now final.
TERMS AND METHOD OF SALE:
The property will be sold "AS IS" to the hightest bidder at the auction. THE SALE IS NOT FINAL UNTIL APPROVED AND CONFIRMED BY THE COURT. The highest bidder for the property is required to make a down payment in cash, certified check, or cashier's check at the time of the bid in an amount equal to ten percent (10%) of the bid price. The balance of the price shall be paid in cash, certified check, or cashier's check to the Commissioner (through escrow, if requested by purchaser) after approval and confirmation of the sale by the Court. Purchaser is responsible for paying the costs of conveyancing, including document preparation, recordation, conveyance tax, and securing possession of the property.
PREQUALIFICATION OF BIDDERS:
All bidders must prequalify before bidding begins. Immediately prior to the auction, the Commissioner will require all interested persons to show they are ready and able to make the 10% downpayment required of a successful bidder. The information is not shared with other bidders. During the auction, a bidder may not exceed the amount determined to be his or her maximum bid. FOR EXAMPLE: If you show the Commissioner that you have $10,000.00 at the start of the auction, you may bid up to $100,000.00. You do not have to bid the full amount, but you cannot bid more than that amount. If you have any questions about this requirement, please contact the Commissioner in advance of the auction.
Information provided by the Commissioner is not intended to be legal advice and should not be relied upon as legal advice. If you are uncertain to your rights as a purchaser or any aspect of the foreclosure process that may pertain to you as the purchaser, you are encouraged to consult an attorney of your choice.
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