FORECLOSURE SALE

Discovery Bay #3418
1778 Ala Moana Blvd.
No Upset Price
TMK:                                             1-2-6-012-010-0590     Leasehold
BEDS/BATHS:                              1/1                                PARKING:   one stall #674
INTERIOR SQ FT:                         769 sqft.     
AGE:                                              Built in 1977
CONDITION:                                 PROPERTY BEING SOLD IN “AS IS” CONDITION
MAINTENANCE FEE:                      $581.00 (includes water, sewer, and basic cable)
ANNUAL TAXES 2011:                  $1,506.00
CURRENT TAX ASSESSMENT        Improvement Value:           $403,600
                                                       Land Value:                        $  26,800
                                                       Total:                                  $430,400
LEASEHOLD:                                  Property sold subject to lease; buyer responsible for delinquent rent
LEASEHOLD:                                  Lessor: Hi. Trust Co., Ltd. Mo. Lease Rent: $ 390.37 
Expiration date:                             12/31/2039 Please check w/ Hawaiiana for step up in lease rent & terms
MANAGING AGENT:                       Hawaiiana Management:  593-9100
SCHEDULE OF DEBTS                   Principal Amount:                        $ 228,003.29                       
AS OF 8/23/2011                        Interest (to 8/23/11))                 $     7,838.52 
                                                       Escrow advances                        $     1,941.58 
                                                       Other Fees (Late fees)               $        143.97
                                                       TOTAL DUE                               $ 237,927.36 + per diem after 8/23/11
                                                       @ $28.11 + advances and expenses of action, including but not limited to attorney’s fees and costs.

ESTIMATED LEASEHOLD DELINQUENCIES, INTEREST& FEES: $5,757.98 (lease rent & interest thru 12/31/11) (legal fee portion only thru 12/9/11)

SALES INFORMATION:                     OPEN HOUSES:
                                                           December 11, 2011            2:00 p.m. to 4:00 p.m.
                                                           December 18, 2011            2:00 p.m. to 4:00 p.m.
AUCTION:                                          January 10, 2012 @       12:00 Noon
                                                           First Circuit Court, 777 Punchbowl Street, Honolulu
                                                           EWA end of Plaza fronting building

Sale is subject to Court confirmation
- Bidders must have proof of their ability to comply with 10% of bid requirement in the form of a cashier’s check or cash prior to participating in the auction. 
- Buyer shall pay all costs of closing including (but not limited to) escrow, conveyance, recordation fees, title search and insurance, and conveyance taxes.
- Buyer is responsible for securing possession of the property upon recordation.
- Buyer is responsible for up to $7,200.00 in delinquent maintenance fees pursuant to HRS514B-146(g), (H), & (i).
- Buyers are encouraged to contact the managing agent for specific information about the project.
- Escrow will be used for closing this transaction.

COMMISSIONER:
Aleta E. Klein
2135 Haena Drive
Honolulu, HI  96822
(808) 942-1988 ®  (808) 941-4411 (fax) ®Email: aklein@pixi.com  ®www.kleinco.net

Commissioner has an active real estate license, but is not acting in that capacity for purposes of this property.
All information has been obtained from sources deemed reliable, but is not guaranteed.
All square footage is approximate.