NOTICE OF FORECLOSURE SALE
2281 Palolo Avenue, Honolulu, HI 96816
Tax Map Key No. (1) 3-4-005-014
A fee simple single family dwelling constructed in or about 1968, having 3,304 sq. ft., containing 6 bedrooms/2.5 baths, situated on a 8,823 sq. ft. lot.
Pending Foreclosure: First Circuit Court: Civil No. 09-1-1962-08 (JMT); U.S. Bank National Association, as Trustee, Successor in Interest to Bank of America, National Association, as Trustee, Successor by Merger to Lasalle Bank National Association, as Trustee for Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2004-BNC1 v. Celine Israel as Special Administrator for the Estate of Cres Somera also known as Cresencio Somera, Deceased, et. al. (Foreclosure). As of October 3, 2022, the amount due under the loan was $930,561.29, as follows: Principal Balance: $444,424.85; Interest Amount: $411,806.59 (due from 7/1/08 to 10/3/22 at 6.500%); Pre-acceleration Late Charges: $1,776.24; Hazard Insurance: $38,037.00; Tax Disbursements: $33,885.36; Property Inspections/Preservation: $1,111.25 (Credits to Borrower: $480.00). Interest continues to accrue on the Note at the rate of 6.500% per annum, in the amount of $79.14, for each day after 10/3/22. Attorney’s fees, litigation expenses and protective advances will also continue to accrue. The information set forth above has been prepared based on tax records, title report, the foreclosure pleadings and information gathered by the Commissioner and is deemed reliable but is not guaranteed. Potential bidders are advised to perform their own due diligence including researching public records prior to bidding.
OPEN HOUSES held on Sunday October 18, 2026, from 1:00 p.m. to 4:00 p.m., and Sunday, October 25, 2026, from 10:00 a.m. to 1:00 p.m.
Auction: Monday, November 23, 2026, Noon, plaza, Circuit Court of the First Circuit, 777 Punchbowl Street, Honolulu, Hawaii 96813.
TERMS OF SALE: PROPERTY SOLD IN “AS IS” CONDITION without any warranty of title or other warranty at public auction with 10% highest bid payable in cash, certified check or cashier’s check at close of auction. THERE IS NO UPSET PRICE. Balance of highest bid shall be paid in full upon court approval and confirmation of the 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: costs of conveyance, including preparation of conveyance documents, recordation fees, conveyances taxes, real property taxes, proof of title or title insurance, notary fees, as well as the costs of securing possession of the property. If the subject property is a condominium apartment, Purchaser may also be responsible for some or all unpaid assessments with respect to the apartment pursuant to provisions of Section 514B, HRS, it is Purchaser’s responsibility to determine any such sums due. Purchaser will be required to close by the Court prescribed deadline. Purchaser shall be responsible for securing possession of the property. SALE AND TERMS OF THE SALE ARE SUBJECT TO COURT CONFIRMATION. The Commissioner is authorized to close the sale through escrow if requested by the purchaser or the lender.
For more information, send an email to dkamisato@rmhawaii.com, Attn: Commissioner, William C. Byrns, Esq., Tele (808) 521-0467; Fax (808) 521-0497; 745 Fort Street, Suite 800, Honolulu, HI 96813.
(SA1541043 10/16, 10/23, 10/30/26)
