Key Info:
Property Description: 4 Bed/ 2 Bath, 2079 Sqft Living, 45869 Sqft Land
Fee Type: Fee Simple
Open House: None
Auction Date & Time: 3/20/24
Auction Location: 777 Punchbowl St.
Amount Owed: $447,915.22
Interest: No amount given but accrues each day after November 3, 2021
Initial Auction Winner & Amount: 3rd party, $585,000
Re-Open Bidding Amount: $614,250
Confirmation Hearing Date & Time: 5/13/24, 8:30 am with Judge Dean E. Ohiai, 777 Punchbowl St. (See special conditions below)
Special Conditions:
The “Plaintiff’s Motion for Confirmation of Sale By Commissioner; Declaration of Zachary K. Kondo; Exhibits A-E; Declaration of Peter Knapman; Exhibit F; Notice of Hearing and Certificate of Service” was filed on Monday, April 15, 2024 and a hearing is set for Monday, May 13, 2024 at 8:30 a.m. before the Honorable Dean E. Ochiai. This will not be heard by Judge James H. Ashford.
You are receiving this email notification because you have expressed an interest in this property. The highest bid made at the public auction was $585,000.00 by Mr. Aron Lipkin. There will be an opportunity to re-open the bidding at the time of the hearing on the Motion for Confirmation of Sale. The same requirements for bidding at the confirmation hearing are the same as they were at the public auction with a couple of additions:
A summary of the requirements for bidding at the hearing on the Motion for Confirmation of Sale are as follows:
- You must notify me that you intend to re-open the bidding at the hearing on the Motion for Confirmation of Sale.
- All bidders must pre-qualify with the Commissioner BEFORE you will be allowed to bid.
- Qualification requirements:
- You must show the Commissioner cashier or certified check(s) equaling to 10% of your highest intended bid
- Since this is the final opportunity to bid, please be prepared to bid the maximum amount you are willing to purchase the property for. You will not be allowed to bid more than the amount which you are qualified to bid.
- It is recommended that the checks are made payable to yourself so that if you ARE NOT the successful bidder, you can immediate re-deposit the check.
- The initial re-opening bid must be at least 5% higher than the last bid made at the auction. Therefore, the initial re-opening bid must be at least $614,250.00. Once the re-bidding is reopened, I will take subsequent “over-bids” in any reasonable increment until there are no additional overbids.
- Once all bidding stops, I will immediately request that the Court confirm the highest bid received at the re-opened auction.
Please let me know if you have any questions. Thank you for your interest.
MLS Comparables: https://portal.onehome.com/en-US/share/1023733t21417
Fact Sheet:
Property Details:
NOTICE OF FORECLOSURE SALE
WITHOUT OPEN HOUSES
CIVIL NO. 16-1-0893-05 (DEO)
Circuit Court of the First Circuit, State of Hawaii
Citizens Bank, N.A., RBS Citizens N.A. and Citizen Bank of Massachusetts v. Pascal Christophe Bolomet; Routh Theresa Souza Bolomet; et al.
PROPERTY ADDRESS AND DESCRIPTION: 59-740 ALAPIO PLACE, HALEIWA, HAWAII 96712 sometimes referred to as 59740 Alapio Place, Haleiwa, Hawaii bearing Tax Map Key No. (1) 5-9-025-009. Single family fee simple home on a relatively flat lot having approximately 45,869 square feet. The structural improvements include four (4) bedrooms and (2) full baths having a living area of approximately 2,079 square feet; a garage of approximately 702 square feet and two porch areas of 336 sq. ft. and 108 sq. ft.
AUCTION DATE: WEDNESDAY, MARCH 20, 2024 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: PROPERTY WILL BE SOLD WITHOUT OPEN HOUSES pursuant to that certain Order Granting Commissioner’s Motion for Leave to Sell Property Without Open Houses, or, in the alternative, for Further Instructions filed November 6, 2023 filed herein on January 16, 2024 (Dkt. # 360) in the above-referenced matter.
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 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, conveyance and 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 within thirty-five days (35) after the entry of the order confirming sale. Real property taxes shall be prorated as of the delivery of documents transferring title. The Property, including all improvements, will be sold without personal property. Property is currently occupied, please do not disturb the occupants. ALL SALE AND TERMS OF SALE ARE SUBJECT TO COURT CONFIRMATION.
DUE DILIGENCE INFORMATION: A Foreclosure Fact Sheet is available upon request and appears to be reliable but it is not guaranteed. Potential bidders are expressly advised to perform and complete their own research 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
(SA1444676 2/18, 2/25, 3/3/24)