NOTICE OF INTENT FOR ASSOCIATION’S FORECLOSURE
UNDER POWER OF SALE OF INTERVAL OWNERSHIP
LAWAI BEACH RESORT TIMESHARE OWNERS ASSOCIATION, under and pursuant to Sections 514E-29, and 667-62 through 667-65, Hawaii Revised Statutes, as amended, and the interval ownership project documents, gives notice that: Association will be foreclosed at a sale by public auction on: Thursday, April 5, 2018, at 11:00 a.m. Location: Department of Accounting and General Services (DAGS) KAUAI DISTRICT OFFICE, Kauai District Office, @ 1680 Haleukana St., Lihue, Hi, 96766
Each of the following described properties to be sold is an interval ownership (time share) interest in the LAWAI BEACH RESORT PROGRAM located at: 5017 Lawai Road, Koloa, Kauai, Hawaii, consisting of an undivided interest in one of the apartments in said condominium as noted below: TMK: 4/2-6-005-004 – Listed are the following intervals shown on the Notice of Association’s Foreclosure, Owners Name, Undivided Interest, ICN No., Date Deed Recorded, Deed Document No., Apartment Interest, Unit Type, First Use Period, Amount Due & Use Right.
GLENN ALAN EATON JR., c/o Cavanaugh Levy Bilyeu LLP, C102-36, 1/51, 3/14/1986, Book 19351, Page 727, 0.4028, $1,1671.74, 2018, FIXED
TERMS OF SALE: 1) Both Properties sold strictly in "AS IS" condition; 2) Both Property sold without covenant or warranty, express or implied, as the title, possession or encumbrances; 3) No upset price; 4) Association will do a credit bid of the balance due.
AT CLOSE OF AUCTION: 1) At close of auction, purchaser must pay in cash, or by cashier’s or certified check, a minimum of 10% of the highest successful price bid, payable to: OLD REPUBLIC TITLE & ESCROW; 2) Balance owing on purchase must be received by Old Republic Title & Escrow within 15 days of Auction. 3) Upon payment by purchaser of all costs related to the sale, including, but not limited to, escrow fees, preparation of conveyance documents, notary fees, consent fees, recording fee and conveyance tax, 4) Both Properties to be conveyed by quitclaim conveyance within 30 days after auction. PURCHASERS’S RESPONSIBILITIES: 1) It is purchaser’s sole responsibility to obtain a title report and/or title insurance, if desired, purchaser shall secure possession of property at of closing.. AUCTION SALE: Both Properties Subject to postponement and/or cancellation for any reason, before or after commencement of bidding at Lika Lani Time Share Owners Association and Lawai Beach Timeshare Owners Association discretion.
NOTICE IS HEREBY GIVEN THAT THIS ACTION IS AN ATTEMPT TO COLLECT A DEBT, THAT ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE, AND THAT THE DEBT MAY BE DISPUTED. IF YOU WOULD LIKE TO BRING YOUR ACCOUNT CURRENT,
PLEASE CALL MALIA FREITAS @ 1-808-240-5154
ACCOUNT MUST BE PAID IN FULL NO LATER THAN, AT CLOSE OF BUSINESS, MONDAY, APRIL 2, 2018
PLEASE BE AWARE THAT THE OUTSTANDING BALANCE CAN ADJUST AT THE TIME OF AUCTION/SALE. PLEASE CONTACT Danette Aiwohi or Tammi Broad for further particulars and starting/opening bid amounts, at PREFERRED CONTRACT MANAGEMENT, INC., P.O. Box 11460, Hilo, Hawaii 96721, Phone: (808) 935-7106.
DATED: Hilo, Hawaii, February 20, 2018