THIS CASE IS STAYED UNTIL FURTHER NOTICE. IF YOU HAVE QUESTIONS, PLEASE CONTACT THE COMMISSIONER.
NOTE:The information provided here is for the benefit of all interested person, but the Commmissioner does not warrant the accuracy of any information provided. Interested persons should do their own investigation before bidding.
CASE NAME: HSBC BANK USA, NATIONAL ASSOCIATION, AS TRUSTEE FOR CITIGROUP MORTGAGE LOAN TRUST, INC., ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2007-SHL1 vs. KENT L. SONODA, SR. ET AL; CIVIL NO. 18-1-000193
LOCATION OF PROPERTY: 2327 Ainaola Dr., Hilo, Hawaii 96720
DIRECTIONS: Hai Hai Street to Ainaola Drive, go left. Take Ainaola Drive for approximately 5.4 miles. House is on left side.
ABBREVIATED LEGAL DESCRIPTION: LOT 5-B, Being a portion of LOT 5, Being also a portion of Lot 1510, Grant 10601 to Susie Naope, Situated at Waiakea Homestread - 2nd Series, Waiakea, South 8110, Hawaii (CLICK HERE FOR FULL LEGAL DESCRIPTION)
TAX MAP KEY: (3) 2-4-007-071-0000
IMPROVEMENTS: Locate upon this .3502 acre, more or less, parcel is (1) a single-story, 2 bedroom, 2 bath, 1,214 sq ft. house built in 1954; and (2) a two-story 3 bedroom, 3 bath, 2,352 sq. ft house buit in 2001.
ASSESSED VALUE FOR 2023: Market land value $68,800.00; Market building value: $374,300.00.
OPEN HOUSES:
None per order of the Court.
PUBLIC AUCTION:
DATE & TIME:
Auction scheduled for January 2, 2024 at 12:00 p.m. is postponed. The new auction date will be posted here and published in the Hawaii Tribune-Herald when established.
WHERE:
Front of Hale Kaulike (the Hilo courthouse)
777 Kilauea Ave, Hilo, HI
CONFIRMATION HEARING:TO BE ANNOUNCED
The sale of the property at public auction is conditioned upon confirmation of the sale by the Court. After the auction, the Plaintiff's attorney will file a motion to confirm the sale and obtain a date for the hearing. The confirmation hearing is also an opportunity to re-open bidding at 5% over the price obtained at the auction. When the hearing is set and noticed, the date and details will be posted here.
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.
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