Details for IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA (RICHMOND)

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IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA (Richmond) ATLANTIC UNION BANK Plaintiff, Case No. 3:19-cv-00405 v. JOHN L. HOLT, III and PATRICIA R. HOLT in personam, and THUNDERBALL, her engines, tackle, equipment and appurtenances, etc. in rem, Defendants. NOTICE OF SALE OF VESSEL NOTICE: Pursuant to the October 2, 2019 Order for Interlocutory Sale of Vessel, notice is given that the United States Marshal, in coordination with the court-appointed auctioneer, Motley's Auctions, Inc. d/b/a Motley's Asset Disposition Group (the "Auctioneer"), will sell the in rem Defendant vessel, THUNDERBALL (Official No. 569771), her engines, tackle, equipment and appurtenances, etc. (the "Vessel"), via public online auction at www.motleys.com/industrial. The public online auction shall commence on January 19, 2020 at 5:00 a.m. and continue through January 23, 2020 at 11:00 a.m. The Vessel is located at Commonwealth Boat Brokers, 423 South Washington Highway, Ashland, Virginia 23005. Preview will be held on January 22, 2020 from 9:00 a.m. to 1:00 p.m. at Stingray Marina, 19167 General Puller Highway, Deltaville, Virginia. Sale will be to the highest bidder. The Plaintiff may credit bid up to the full amount of the balance owed under the indebtedness secured by the Vessel. The person whose bid is highest and accepted shall immediately pay to the Auctioneer the full purchase price if the bid is no more than $500.00 or shall deposit the greater of $500.00 or 10% of the purchase price if the bid exceeds $500.00. The high bidder shall pay the balance of the purchase price in the form of cash, certified check or cashier's check to the Auctioneer within two court days after the sale. The high bidder shall also pay to the Auctioneer a buyer's premium in the amount of 10% of the purchase price within two court days after the sale. A sale shall stand confirmed without court action as provided under Local Admiralty Rule (e) unless a timely written objection is made or the purchaser fails to pay the purchase price. Interested persons may object to the sale by filing a written objection within two court days following the sale and serving copies of the objection on all known and interested parties, including the United States Marshal and the high bidder, and by otherwise complying with all requirements under the Local Admiralty Rules of the United States District Court for the Eastern District of Virginia. If an objection to the sale is timely made, the high bidder shall be excused from paying the balance of the purchase price until the sale is confirmed by the Court and for a period of two court days thereafter. For additional information, please contact David S. Musgrave, Esquire, 410-576-4194, dmusgrave@gfrlaw.com, or Jeremy Lehman, Motley's Auctions, Inc. d/b/a Motley's Asset Disposition Group, 804-627-2165, jlehman@motleys.com.

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