The Garden Island
Notice #: 0001233220-01
Foreclosures

NOTICE OF FORECLOSURE SALE

Wells Fargo Bank, National Association as Trustee for Securitized Asset Backed Receivables LLC
2005-FR5 Mortgage Pass-Through Certificates, Series 2005-FR5
vs.
Phongpun Gilbert, et al.
Civil No. 18-1-0064

5935 Uilani Place, Kapaa, Kauai, Hawaii 96746
Tax Map Key No.: (4) 4-4-005-033

Property Description:
3-bedroom/3-bath dwelling with
3,474 sq. ft. of living area
1-bedroom/1-bath dwelling with
987 sq. ft. of living area
1-bedroom/1-bath dwelling with
600 sq. ft. of living area

NO OPEN HOUSES OR PRIVATE SHOWINGS
WILL BE HELD

AUCTION DATE: October 25, 2019, at 12:00 noon, front steps of Judiciary Complex, 3970 Kaana Street, Lihue, Hawaii.

TERMS OF SALE: The property is sold in “AS-IS” condition, without any representations or warranties as to title or possession, at public auction to highest bidder. No upset price. The successful bidder shall pay a down payment to the Commissioner, by cash, money order, cashier’s check or certified check, in an amount not less than ten percent (10%) of the successful bid price; provided however, that Plaintiff Wells Fargo Bank, National Association, may satisfy the down payment by way of offset up to the amount of its secured debt. Such sale shall not be final until approved by the Court. Potential bidders must provide proof of their ability to comply with the 10% of bid requirement prior to participating in the public auction. At the Court’s discretion, the 10% down payment may be forfeited in whole or in part if the buyer(s) shall fail to pay the balance of the purchase price as and when required. The balance of the purchase price shall be paid to the Commissioner upon the approval and confirmation of the sale by the Court. Buyer shall pay all costs and expenses of closing, including but not limited to the costs of conveyance, preparation of the conveyance document, conveyance tax, escrow and recording fees, any proof of title or title insurance, and notary fees, as well as the costs of securing possession of the mortgaged property. Neither the availability of title insurance nor securing possession of the mortgaged property shall be a condition of closing. The Commissioner makes no representations or warranties of title or any other warranty. SALE SUBJECT TO OVERBID PROCESS AND COURT CONFIRMATION.

ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED BY INTERESTED BUYERS.
For further information contact:
Dawn N. Murata, Commissioner
2970 Kele Street, Suite 205
Lihue, Kauai, Hawaii 96766
Telephone: 808-245-4572
(TGI1233220 9/25, 10/2, 10/9/19)