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.)

THE SALE OF THIS PROPERTY WAS CONFIRMED BY THE COURT ON JANUARY 29, 2024.
  
THE SALE IS NOW CLOSED.
PULHAM FORECLOSURE
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:  

CITIBANK, N.A., NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS OWNER TRUSTEE OF NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3 VS. REX PULHAM, ALSO KNOWN AS REX W. PULHAM, INDIVIDUALLY, AND AS CO-TRUSTEE UNDER THE PULHAM FAMILY TRUST DATED NOVEMBER 20, 2002 et al; CIVIL NO. 3CCV-22-0000190 (HILO)
LOCATION OF PROPERTY:  
93-7045 Mamalahoa Hwy, Naalehu, Hawaii

TMK:  (3) 9-3-004-035

DESCRIPTION:  Per records of the County of Hawaii Real Property Tax Office, the property is a 21.067 acre parcel, more or less, upon which is located a 3 bedroom, 2.5 bath, 1,792 sq. ft. house built in 1996. 


REAL PROPERTY TAX INFO:  
Property class:  Agricultural
Assessed market land value 2023:  $232,900.00
Assessed market bldg value 2023:  $285,700.00
Tax 2023:  $1,436.15
OPEN HOUSES were held on:  
Saturday, November 11, 2023 
from 11:00 a.m. to 1:00 p.m.
Sunday, November 19, 2023 
from 11:00 a.m. to 1:00 p.m.

PUBLIC AUCTION was had on:
Monday, December 4, 2023 at Noon 
at Hale Kaulike (aka the Hilo courthouse), 
777 Kilauea Avenue, Hilo, Hawaii.   
A high bid of $517,000.00 was received. The
sale is subject to court confirmation.

CONFIRMATION HEARING:  January 29, 2024 at 8:00 a.m. in the courtroom of Judge Henry T. Nakamoto.  Bidding was re-opened at the hearing.  A new high bid of $658,000 was obtained and the sale was confirmed by the Court.  
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.