PROPERTY DESCRIPTION: Parcel of vacant land identified as Unit No. B of the Condominium Project known as “Lani Condominium”, as established by Declaration of Condominium Property Regime dated February 14, 2005, recorded in the Bureau of Conveyances of the State of Hawaii as Documents no. 2005-051002 (as amended), and shown as Condominium Map No. 3960 and any amendments thereto.

Tax Map Key No. 4-5-016-011-0002
Location: Lani Road, Kapaa, Hawaii 96766
Approximate Land Size: 8138 square feet

SALES INFORMATION:

AUCTION: Wednesday, May 10, 2023
12:00 noon
Courthouse steps
Fifth Circuit Court
3970 Ka’ana Street
Lihue, Hawaii 96766

TERMS OF SALE: Property sold in "as is" condition at a public action without an UPSET PRICE. Down payment of ten percent (10%) of the highest bid price shall be payable to the Commissioner in cash, certified check or cashier’s check at the close of the auction, and the balance of the bid price payable in cash, certified check or cashier’s check concurrently with the delivery of documents transferring title. The purchaser shall pay the costs of conveyancing, recordation (including, without limitation, recordation costs of the conveyance document and such orders of the court as necessary to convey title), escrow fees, if any, and conveyance taxes and shall be responsible for securing possession to the property. SALE IS SUBJECT TO COURT CONFIRMATION.

This property is being sold pursuant to a foreclosure action in the Fifth Circuit Court entitled:
Deutsche Bank National Trust Company, as Trustee of Indymac Residential Mortgage-Backed Trust, Series 2006-L1, Residential Mortgage-Backed Certificates, Series 2006-L1 vs. James David Rush, et.al.
Civil No. 5CC131000101