Foreclosure sale slated for Big Island Country Club
Big Island Country Club in North Kona is being foreclosed upon following an order by the 3rd Circuit Court in a civil lawsuit filed in early 2007.
Director of Golf Noa Galdeira said the pending foreclosure is having no impact on day-to-day business at the country club.
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He referred other questions about the foreclosure to corporate officials. A message left with Lynch Investments seeking comment was not returned Wednesday.
Lynch Investments purchased Big Island Country Club Homes in 2004 for $10 million. Big Island Country Club was designed by Pete and Perry Dye and opened in 1993. Intrawest Golf purchased the facility from Spear Development in 2002 for $8.9 million.
County real property tax records indicate Big Island Country Club Homes owes more than $90,000 in penalties and outstanding tax payments, which were due Aug. 20. Payments received by the Finance Department are updated on the property tax Web site weekly, usually on Thursday evenings. The site was last updated on Friday.
The auction is set for Jan. 22 at the Keakealani Building in Kealakekua. According to the notice of foreclosure sale, the property is to be sold "as is." Bidders must be able to show proof they can purchase the property for no less than $7,023,210.
According to online court documents, an attorney representing Big Island Country Club Estates filed a civil lawsuit against Big Island Country Club Homes and Lynch Investments on Feb. 2. An interlocutory decree of foreclosure was issued Oct. 3. A message seeking comment from the attorney representing Big Island Country Club Estates was not returned on Wednesday.
Court documents show Makalei Golf Course, which Lynch Investments also purchased in 2004, is involved in pending civil litigation, including a request for foreclosure on that property. Online real property tax records do not indicate payments in arrears for that property, which is now listed under the ownership of GKK Makalei LLC Inc.
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