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.)

DEL ROSARIO 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:  First Hawaiian Bank vs. Jerel I. Yamamoto, as Special Administrator of the Estate of Mark Romero Del Rosario, et al; Civil No. 3CCV-22-0000238
LOCATION OF PROPERTY:  
15-1444 23rd Avenue
Keaau, Hawaii
(Hawaii Paradise Park)

LEGAL DESCRIPTION:    

TMK:  
(3) 1-5-038-108-0000

ASSESSED VALUES:  
Market Land Value: $76,000.00
Market Building Value: $366,800.00

15-1444 23rd Avenue
IMPROVEMENTS:   1.0 acre, more or less, lot per the records of the County of Hawaii Real Property Tax Office upon which is located a single-story, 3 bedroom, 2 bath, 1,352 sq. ft. house built in 2003.  
CLICK ICON
FOR PHOTOS
OPEN HOUSES WERE HELD ON:
Saturday, September 21, 2024 from 10:00 a.m. to 1:00 p.m.
Sunday, September 29, 2024 from 10:00 a.m. to 1:00 p.m.

PUBLIC AUCTION WAS HELD ON:  
Monday, October 14, 2024 at Noon at Hale Kaulike (the "Hilo courthouse), 777 Kilauea Avenue, Hilo, Hawaii.   The auction was held as scheduled.  A high bid of $291,000.00 was received.  The sale is subject to confimation by the Court. 

Hale Kaulike
Hale Kaulike
CONFIRMATION HEARING:  TUESDAY, DECEMBER 10, 2024 AT 8:30 A.M.
The hearing will be in Courtroom 3E in the Hilo courthouse located a 777 Kilauea Avenue, Hilo, Hawaii.  3E is on the 3rd Floor at the end of the hallway.  Our judge is the Hon. Peter K. Kubota.  Bidding can be re-opened at this hearing.  The judge will usually require bidding start at 5% more than the amount obtained at the first auction.  In this case that would mean a starting bid of $305,550.00 ($291K x 1.05).  Anyone interested in the bidding needs to pre-qualify by showing the Commissioner, prior to the start of the hearing, that he or she has a certified or cashier's check for 10% of the maximum amount s/he may want to bid.    
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 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  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.