Waihee likely to resolve foreclosure suit, pal says
Former Gov. John Waihee will resolve a foreclosure lawsuit filed by Bank of Hawaii against his Nu'uanu home by today or Friday, a friend of Waihee said yesterday.
In a foreclosure suit filed this month, the bank moved to foreclose on the Kahawalu Drive residence of the former governor and his wife, Lynn.
The home was purchased after Waihee served two terms as governor and left office in 1994. The suit said they owe $779,292 on the first mortgage and $49,306 on the second.
Bank spokeswoman Carole Tang yesterday said it's not the bank's policy to discuss relationships with customers.
Waihee returned from out of town, but was tied up in meetings yesterday, Wilson said.