ROBERT K. ALLEN, AAL, ALC

The purpose of the law is to prevent the strong from always having their way. Ovid (43 B.C. - 17 A.D.)

ESPEJO FORECLOSURE

POSTPONED
UNTIL FURTHER NOTICE
CONTACT COMMISSIONER IF YOU HAVE QUESTIONS REGARDING THIS DELAY.

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:  WILMINGTON SAVINGS FUND SOCIETY, FSB, d/b/a Christiana Trust, not individually but as trustee for Pretium Mortgage Credit Acquisition Trust vs. WADE M. ESPEJO ET AL; CIVIL NO. 18-1-000320 (HILO)




LOCATION OF PROPERTY:  95-5595 Melia Street, Naalehu, Hawaii 96772 (DIRECTIONS)

ABBREVIATED DESCRIPTION OF PROPERTY:  All of that certain parcel of land being Lot 165-A, Naalehu Subdivision Third Series, situate at Kawela, District of Ka'u, Island and County of Hawaii, State of Hawaii.  (CLICK HERE FOR FULL LEGAL DESCRIPTION)

TMK:  (3) 9-5-025-007

IMPROVEMENTS:  2 bedroom, 1 bath 750 sq. foot dwelling on a .2112 acre, more or less, lot per the records of the County of Hawaii Real Property Tax Office.  Effective year built date of 1942.  (CLICK HERE FOR PHOTOGRAPHS)

ASSESSED VALUE:  Per the most current information available on the website of the County of Hawaii Real Property Tax Office, the 2021  "Market Land Value" is $46,600.00 and the "Market Building Value" is $56,100.00.

OPEN HOUSES:  No open houses per order of the Court.

DIRECTIONS
PHOTOS
PUBLIC AUCTION:  The public auction of this property scheduled for Monday, August 2, 2021 at 12:00 p.m. HAS BEEN POSTPONED UNTIL FUTHER NOTICE.  


HALE KAULIKE, 777 KILAUEA AVE, HILO HI
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.

DISCLAIMER: 
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.