BIL 071 Draft 01 2012-2014 - Laserfiche WebLink

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(a) All real property on which any lien, or part thereof, for taxes levied pursuant to this Code has existed for at least two years shall be sold by way of foreclosure without suit by the director or as otherwise specified in this Code. (b) Such delinquent real property shall be sold by the director or the director's designated representative at public auction to the highest bidder, for cash, to satisfy the lien, together with all interest, penalties, costs, and expenses due or incurred on account of the taxes, lien, and sale. (c) The surplus funds from the tax foreclosure sale, if any, shall be rendered to the person(s) legally entitled to the surplus funds resulting from the sale. (d) The sale shall be held at any public place proper for sales on execution of the foreclosure." SECTION 3. Chapter 19, article 5, section 19-40 of the Hawai`i County Code 1983 (2005 edition, as amended), is amended to read as follows: "Section 19-40. [Same; notice, f of.] Notice; sale of foreclosed property without suit. in the office of the assistant registrar of the land court) the character and amount of the tax, and the tax year or years, with interest, penalties, costs, expenses, and charges accrued or to accrue to the date appointed for the sale, a brief description of the property equitable right, title, or other interest in the property, that unless the tax, with all interest, director may include in one advertisement of notice of sale notice of foreclosure upon more than one parcel of real property, whether or not owned by the same person and whether or not the liens are for the same tax year or years.] (a) The notice of tax foreclosure without suit and tax sale shall contain: (1) The names of the persons assessed; (2) The names of the present owners as shown by the records of the director and the records if any of the assistant registrar of the land court; (3) The character and amount of tax and year or years taxes are delinquent, with interest, penalties, costs, expenses, and charges accrued or to be accrued to the appointed date of sale; (4) A brief description of the property; (5) The time and place of the sale; and (6) A warning to the persons assessed,and all persons having or claiming to have any mortgage or other lien thereon on that property or any legal or equitable right, title, or other interest in the property, that unless the tax, together with all interest, penalties, costs, expenses, and charges accrued to the date of payment, is paid before the appointed time of sale, the property advertised for sale will be sold as advertised. 2