73-4920 Manu Mele Street - Open House walk through

On January 7th I attended the commissioner's open house for 73-4920 Manu Mele St.  It sure was open, in fact, it has no doors at all!  Well, there are some doors, but they're not installed.  There is plenty of lumber and materials on site, but sadly it is not installed.  

Here is the foreclosure listing:  http://www.bigislandforeclosures.com/2023/12/73-4920-manu-mele-street-kailua-kona.html

This is a private lender foreclosure, and unlike most open houses, the private lender was present.  He shared details about the home and has the blue prints to pass along if a third-party bidder outbids him at auction.  There was significant interest, but the amount owed is $850k and that is what the private lender intends to bid.  Anyone with the capacity to finish the home and work with the county could get a fabulous deal, but for everyone else, this seems like a big can of worms.  

Here is a link to the house plans provided by the private lender.  If you plan to bid, please do thorough due diligence with the county planning department to understand what you're getting into. 

Two story shell, set on a hill on a one acre lot:

The view: 

Framing has been started.  Per the private lender - the ground rough inspection has been completed, but not the framing inspection: 

Beautiful tongue and groove ceiling and beams, but no roofing on top.  😟

1945 Keo Street, Hilo, Hawaii - Foreclosure Notice

 From Hawaii Tribune Herald 01/07/24:

Notice #: 0001442904-01
Foreclosures

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NOTICE OF FORECLOSURE SALE Pursuant to the Findings of Fact, Conclusions of Law and Order Granting Plaintiff’s Motion for Summary Judgment and Decree of Foreclosure Against All Defendants on Complaint Filed September 5, 2019 filed February 26, 2020 in Wells Fargo Bank, N.A. v. J. Arthur Pinkney, et al., Civil No. 3CC191000247, Third Circuit Court, State of Hawaii, the following described real property will be sold by the undersigned Commissioner at public auction on the date and at the time set forth below: PROPERTY DESCRIPTION: Fee simple property that contains a 3 bedroom, 2 bath residence built in 2003 located at 1945 Keo Street, Hilo, Hawaii (Tax Map Key: (3) 2-5-050-066). TERMS OF SALE: The property will be sold “AS IS” to the highest bidder, at public auction, with NO UPSET PRICE. The successful bidder is required to make a down payment to the Commissioner at the close of the auction in an amount of not less than ten percent (10%) of the highest successful bid price, and said payment shall be made in cash, certified check or cashier’s check. The down payment may be subject to forfeiture if the successful bidder fails to pay the remaining balance of the bid, fails to complete the transaction in a timely manner, or as otherwise ordered by the Court. The balance of the purchase price shall be paid in cash, certified check or cashier’s check to the Commissioner upon approval and confirmation of the sale by the Third Circuit Court and upon tender of the document(s) transferring title. The purchaser shall pay closing costs, including but not limited to costs of escrow fees, title insurance premiums, conveyance document preparation fees, accrued and unpaid real property tax, conveyance tax, accrued and unpaid ground rent payments, recordation and costs of securing possession after closing. Neither availability of title insurance nor securing possession of the property shall be a condition of closing. The subject property will be conveyed in fee simple by Commissioner’s Deed pursuant to order of the Third Circuit Court. THIS SALE SHALL NOT BE FINAL UNTIL APPROVED AND CONFIRMED BY THE THIRD CIRCUIT COURT, STATE OF HAWAII. OPEN HOUSES: Sunday, January 28, 2024, 10:00 a.m. to 12:00 noon, and Thursday, February 1, 2023, 10:00 a.m. to 12:00 noon. Please contact the Commissioner (see below) for a Fact Sheet and further information. DATE, TIME AND PLACE OF AUCTION: Monday, February 5, 2024, 12:00 noon, main entrance to the Hilo Judiciary Building, 777 Kilauea Avenue, Hilo, Hawaii. COMMISSIONER: KRIS A. LaGUIRE, Attorney at Law, 688 Kinoole Street, Suite 204, Hilo, Hawaii 96720. Telephone: (808) 961-1080; E-Mail: kalaguire@aol.com. (HTH1442904 1/07, 1/14, 1/21/24)

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Kyra Bronson R(B) 23930

LUVA Real Estate

53-4255 Akoni Pule Highway - Foreclosure Notice

From West Hawaii Today 1/6/24:

Notice #: 0001442621-01
Foreclosures

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NOTICE OF FORECLOSURE SALE By order of the Circuit Court of the Third Circuit in Civil No. 3CCV-21-0000118, the below Commissioner has been appointed to sell the named property at public auction. PROPERTY DESCRIPTION: Located at 53-4255 Akoni Pule Highway. 4BD/1BA. 704 square feet. Built in 1944. TMK (3) 5-3-010-080. OPEN HOUSES: None. AUCTION: February 7, 2024 at 12:00 p.m. Auction will be held at the flagpoles at the Keahuolu Courthouse, 74-5451 Kamakaeha Avenue, Kailua-Kona, HI. TERMS: No upset price. Property is to be sold in its “as in” condition, without any representations or warranties whatsoever as to title or possession and by way of a quitclaim conveyance by public commissioner’s sale. The successful bidder at Sale shall make a down payment to Commissioner of no less than ten percent (10%) of the highest successful bid price. Payment in cash, money order, by cashier’s check or by certified check, provided that Plaintiff may satisfy the down payment by way of offset up to the amount of its secured debt (“credit bid”). Prior to bidding, any person not previously authorized to credit bid must show the Commissioner such person’s present ability to make the required down payment immediately upon the close of bidding at Sale. At the Court’s discretion, the 10% down payment may be forfeited in whole or in part if the purchaser shall fail to pay the balance of the purchase price as required and set forth below. The Court may, for good cause, allow further bidding. In the event that such bidding is allowed, the first post auction bid must be at least one hundred ten percent (110%) of the highest bid at Sale. The Court shall determine the amount of fees of the Commissioner. All costs and expenses of the closing of the sale, including without limitation, the costs of conveyance, including 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 property, shall be the responsibility of and paid by the purchaser. Neither the availability of title insurance nor securing possession of the property shall be a condition of closing. Sale subject to Court confirmation. DISCLOSURE: Content of this Notice has been obtained from sources believed by Commissioner to be reliable but may not necessarily be accurate or complete. It is the sole responsibility of all bidders to verify the information contained herein. COMMISSIONER: Jason R. Kwiat, Schlueter, Kwiat&Kennedy LLLP, Atrium Court, 75-167 Kalani Street, Suite 201, Hawaii 96740. Tel. No. (808) 987-7275, Email: jason@kona-lawyer.com (WHT1442621 1/6, 1/13, 1/209/24)

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Kyra Bronson R(B) 23930

LUVA Real Estate