NOTICE OF FORECLOSURE SALE
CIVIL NO. 1CCV-20-0000064 (JHC)
Circuit Court of the First Circuit, State of Hawaii
Association of Apartment Owners of the Iolani Court Plaza, Inc., by its Board of Directors v. Kathryn Ng, as co-Trustee; et al.
PROPERTY ADDRESS AND DESCRIPTION: 2499 Kapiolani Blvd. #1808, Honolulu, Hawaii 96826 bearing Tax Map Key No.: (1) 2-7-019-014-0144. This is a fee-simple condominium unit containing two (2) bedrooms and two (2) baths with an enclosed lanai with a total living area of approximately 1,064 square feet. The unit also includes one (1) parking stall. Unit owners can enjoy amenities including tennis courts, pool, putting green and BBQ par area. This a secure building in a convenient location. The maintenance fee includes electricity and air conditioning.
AUCTION DATE: WEDNESDAY, AUGUST 23, 2023 at 12:00 O’CLOCK NOON, Ewa side of the front plaza level, Circuit Court of the First Circuit, Kaahumanu Hale, 777 Punchbowl Street, Honolulu, Hawaii 96813
OPEN HOUSES: SUNDAY, AUGUST 6, 2023 from 2:00 p.m. to 4:30 p.m. and SUNDAY, AUGUST 13, 2023 from 2:00 p.m. to 4:30 p.m.
TERMS OF SALE: Property will be sold in “AS IS” condition, without any express or implied warranties or representations of any kind, at public auction with 10% of the highest bid payable in cash, certified or cashier’s check at the close of auction. THERE SHALL BE NO UPSET PRICE. Balance of highest bid shall be paid in full upon court approval and confirmation of sale. Potential bidders must be able to provide proof of ability to comply with the 10% bid requirement BEFORE participating in the public auction. Purchaser shall pay ALL costs of closing, including, but not limited to, escrow fees, recordation fees, conveyance taxes and is responsible for securing possession of the Property upon escrow closing and recordation. Neither the availability of title insurance nor securing possession of the Property shall be conditions of sale closing. Sale closing usually occurs not later than thirty-five (35) days after the entry of the order confirming sale. Real property taxes shall be prorated as of the date of closing and recordation of the documents transferring title. The Property, including all improvements, will be sold without personal property. Property is currently unoccupied. ALL SALE AND TERMS OF SALE ARE SUBJECT TO COURT CONFIRMATION.
SALE SUBJECT TO: The AOAO’s lien for sums due and owing upon the Subject Property, are prior and superior to the claims of all Defendants except (1) liens for taxes and assessments lawfully imposed by governmental authority against the Subject Property, and (2) all sums unpaid on BANK OF HAWAII, a Hawaii corporation Bankoh Home Equityline Mortgage, dated July 26, 2001 and all costs and expenses, including attorney’s fees provided in such mortgage.
DUE DILIGENCE INFORMATION: A Foreclosure Fact Sheet containing additional limited information is available upon request. The information made available has been collected from various sources including tax records, a title report, and pleadings and appears to be reliable but it is not guaranteed. Potential bidders are expressly advised to perform and complete their own investigation and due diligence prior to bidding. For further information, contact Wayne K. T. Mau, Commissioner, 1003 Bishop Street, Pauahi Tower, Suite 320, Honolulu, Hawaii 96813; Telephone (808) 781-8494 (cell); (808) 380-8498 (ofc.); email: wayne@wmaulaw.com
(SA1423692 7/23, 7/30, 8/6/23)
