Notice of Judicial Sale 3-9-2022

NOTICE OF JUDICIAL SALE

Pursuant to an Order of Sale entered in United States vs. William G Tye III and Stefani R. Tye, Civil Action No. 6:19-cv-268, United States District Court for the Eastern District of Kentucky Southern Division London, the United States will offer for sale at public auction, to the highest bidder, according to law and pursuant to the terms and conditions set in herein, the property described below:

Date: March 24, 2022

Time: 10:00AM (Registration starts at 9:30AM)

Sale Location: Front steps of the Whitley County Courthouse 200 Main Street Williamsburg, Kentucky 40769. All prospective bidders will be required to wear a mask and maintain a social distance.

Title Offered: The property shall be offered for sale at public auction, free and clear of all liens and interests of the parties to this action.

Description of Property: Approximately 202.31 acres of unimproved land at cane creek.

Property May Be Inspected at: Drive by only

Legal Description: Parcel ID number 181-00-00-032.00. Survey is recorded in plat cabinet 004 Slide #861.

Minimum Bid: $42,485.10

For information about the sale: Please call Sara Wright at 865-274-7349

The Terms of Payment: See Below

Form of Payment: All payments must be by Certified or Cashier’s Check made payable to the United States District Court for the Eastern District of Kentucky.

TERMS AND CONDITIONS OF SALE:

No bid (except for bids made by the United States) shall be accepted by the IRS, unless the same is accompanied by a certified check or cashier’s check, in the minimum amount of $8,497.02, made payable to the United States District Court for the Eastern District of Kentucky.  Before being permitted to bid at the sale, all bidders shall display to the IRS proof that they are able comply with this requirement. No bids will be received from any person who has not presented proof that, if he or she is the successful bidder, he or she can make the deposit required by the Order.

The successful bidder shall tender the balance of the purchase price, in certified funds payable to the United States District Court, at the office of the IRS on or before May 24, 2022.

In the event the successful bidder defaults on any of the terms contained in the Order, the deposit shall be forfeited and retained by the IRS as part of the proceeds of sale, and the real property shall again be offered for sale, without further permission of the Court, under the terms and conditions of the Order, or, in the alternative the real property shall be sold to the second highest bidder.

The United States may bid as a creditor against its judgments without tender of cash.

The sale of the real property shall be subject to confirmation by the Court. Upon confirmation of the sale and receipt of the entire purchase price, the Court shall issue and the IRS shall deliver to the purchaser, a deed conveying the real property to the purchaser. Upon confirmation of the sale, all interests in, liens against, or claims to, the real property that are or may be asserted by any of the parties to this action are discharged and extinguished.

The United States reserves the right to reject any and all bids and to withdraw the property from sale.

**** IMPORTANT INFORMATION ****

This is not an advertisement of a sale of administratively seized property. This is an information notice only regarding a sale being conducted by the Internal Revenue Service as a result of the foreclosure of an Internal Revenue Service Federal Tax Lien by the Department of Justice.