NOTICE OF FORECLOSURE SALE
FEE SIMPLE PROPERTY
4025 PALIKEA STREET, LIHUE, HI 96766
TAX MAP KEY # (4) 3-7-010-023
PROPERTY DESCRIPTION: Single story fee simple house in Hanama’ulu, Kauai, Hawaii with 4 separate units. Classified as Commercialized Home Use. FORECLOSURE SALE INFORMATION: This property is being sold pursuant to an order entered in an action filed in Fifth Circuit Court, State of Hawaii.
COMMISSIONER: Gregory H. Meyers has been appointed Commissioner to sell the property. The Commissioner’s address, telephone number, and e-mail address are as follows:
Gregory H. Meyers, Esq.
4442 Hardy Street, Suite 206
Lihue, Kauai, Hawaii 96766
Telephone: (808) 245-6688
AUCTION DATE: A public auction will be held on Wednesday, May 30, 2018, at 12:00 p.m., noon, at the front steps of the Fifth Circuit Court Building, 3970 Kaana Street, Lihue, Kauai, Hawaii 96766
OPEN HOUSE: The Commissioner will conduct two (2) open houses; Sunday, May 20, 2018 from 9:00 a.m to 12:00 p.m., and Saturday, May 26, 2018 from 1:00 p.m. to 4:00 p.m. For those unable to attend, the Commissioner is willing to coordinate showings at times convenient to all of the parties involved. Please call the Commissioner to arrange such showings.
GENERAL TERMS OF SALE: The property is being sold “as is” without any representations or warranties whatsoever as to title or possession, and by way of quitclaim conveyance. There is no upset price. The sale of the fee simple interest in the properties is to be at public auction to the highest bidder. The successful bidder must pay ten percent (10%) of the highest bid in cash, certified or cashier’s check, payable to the Commissioner at the close of the auction. Potential bidders shall be required to provide proof of ability to comply with the 10% bid requirement prior to participating in the auction. The balance of the purchase price is due to the Commissioner upon the approval and confirmation of the sale by the Court or as otherwise ordered by the Court. The name of the Court case Deutsche Bank National Trust Co. v. Ricardo E. Navor, et. al., Civil No. 17-1-0035 (JRV). At the Court’s discretion, the 10% down payment may be forfeited in full or in part if the successful bidder shall fail to pay the balance of the purchase price as and when required. The Purchaser shall pay all costs of closing, including escrow, conveyancing and recordation fees, conveyance taxes and any and all other costs and fees. The Purchaser shall be responsible for securing possession of the property upon recordation and all costs associated therewith. The sale shall be subject to final Court confirmation and approval.
ASSESSED VALUE/TAXES: The County of Kauai’s 2018 assessed value for the lot is $592,000.00 and the County of Kauai 2018 market value is $519,800.00. The 2017 annual real property taxes were $2,288.00.
EXISTING ENCUMBRANCES: The sale shall be subject to a lien for unpaid real property taxes, if any, and a potential County of Kauai County Sewer Charges Lien. Further, the sale is subject to a first mortgage lien held by Deutsche Bank National Trust Company. All prospective purchasers should complete their own due diligence prior to bidding
FURTHER INFORMATION: For further information, contact the Commissioner.
(TGI1093319 4/28, 5/5, 5/12/18)