First, this is Civil Beat’s “most popular” list as it appeared when I checked a short while ago. My two most recent Miske-related stories are at #1 and also #5!
Then I wanted to respond to a reader who raised a good question.
What is the forfeiture status of the Lumahai St/Portlock home? I assume stagnant until the trial is over? Wonder how much equity, if any, is in it?
This is one of the properties that covered by the federal government’s “Notice of Pendency of Action,” filed with the Bureau of Conveyances and linked to the property deed at the time of Miske’s indictment and arrest. It notifies any interested parties that the government intends to foreclose on the property if Miske is convicted.
Here’s some background on the property from available public records.
Miske purchased the property in April 2010 for $2.35 million, real estate records show. The purchase was partly funded by a $1,175,000 mortgage loan from Pacific Rim Bank.
A new $1,999,999 conventional mortgage loan from Bank of Hawaii was recorded on March 14, 2018. This appears to be in addition to the earlier Pacific Rim loan, as no release has been recorded to show it was paid off.
A building permit for a new home was issued in 2012, and closed on August 30, 2017. Value of the work was put at $2 million.
A building permit for a new pool deck was issued in April 2015 and marked completed in December 2017. It had an accepted value of $35,000.
A permit for installation of a solar system was issued in May 2016 and the work was completed by the end of that year. Value on the permit was $201,756.
A permit for upgrading electricity service from 200 to 600 amps was issued in June 2016, with work done in December. Value given as $20,000.
And the last permit issued was for an alteration or addition to the home with an accepted value of $135,000. That permit was issued in August 2017, and the permit was closed out on December 28, 2017.
The home is currently appraised for real property tax purposes at $6,068,100.
If Miske is convicted, the government will move to seize the home and all of his equity in the property.
So far, it would appear mortgage payments are being made, as no foreclosure actions have been filed.
Discover more from i L i n d
Subscribe to get the latest posts sent to your email.
Who is making the mortgage payments
Yet another amazing factoid in this twisted tale. Thanks for shedding the light dear Ian !
Yes, who is making the mortgage payments?????
Amazing all those permits submitted and approval evidently granted and work completed in record time…..no waiting for “backlog” for Miske.
Yikes, I was aware that all assets are seized or put into the federal government control when a person is indicted but are we paying through our own tax system to hold the property??? Apparently so!