As Suzanne stated this a legal document filed with the court by a mortgage company or some other entity that is owed money by someone who has their property up as collateral to guarantee payment of the loan or it could be some type of lien. This has nothing to do with the bid or amound of bid that this property is going for. In fact at this time we do not even know if this property is going to go to auction. This could be the beginning foreclosure proceedings on the property but at this time more research would be need to find out what is going on with this property. If you need additional information do not hesitate to give me a call or email me.
Mahalo nui loa,
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Hawaiian Island Homes Ltd
Telephone: (808) 345-8818
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If you need further information on the property or comparable sales of neighboring properties, let me know.
(RA) MBA, e-PRO, REALTOR®
East Oahu Realty