REVISED NOTICE OF FORECLOSURE SALE
2121 Ala Wai Blvd., Apt. 3203,
Honolulu, HI 96815
Tax Map Key No. (1) 2-6-017-003, CPR No. 0148

Leasehold Unit 3203 in the 2121 Ala Wai Boulevard condominium project constructed in or about 1979, having 653 sq. ft., containing 2 bedrooms/1 bath, with one parking stall (#2575).

Pending Foreclosure: First Circuit Court: Civil No. 16-1-0854-05 (KTM); Association of Apartment Owners of 2121 Ala Wai, Inc. Hisako Koiwa, et. al. (Foreclosure). As of July 24, 2024, the amount due under the loan was $860,897.59, as follows: Principal Balance: $358,560.29; Interest Amount: $262,452.21 (Per Diem amount is $66.31); Property Inspection Charges: $1,082.39; Property Preservation Cost: $977.57; HOA Dues: $54,275.85; Flood Insurance Costs of $18,880.22; Mortgage Insurance Costs: $30,466.64; Real Property Taxes: $136,869.84. Attorney’s fees, litigation expenses and protective advances will also continue to accrue. Lease under research. 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 research public records prior to bidding.

OPEN HOUSES held on Sunday February 9, 2025, and Sunday, February 16, 2025, from 10:00 a.m. to 1:00 p.m. NO ON-SITE PARKING FOR OPEN HOUSE. Property has not been occupied for years and has deferred maintenance and stored furniture. It is recommended that attendees wear a mask.

Auction: Monday, March 3, 2025, 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.
(SA1482797 2/02, 2/07, 2/14/25)