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PUBLIC NOTICE OF UCC ARTICLE 9 SALE: 1262 Jennifer Lane Corp

NOTICE OF AUCTION ADVISORS’ PUBLIC SALE OF SHARES OF 1262 JENNIFER LANE CORP ON BEHALF OF SECURED PARTY

UNDER ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE PLEASE TAKE NOTICE that on June 23, 2026, starting at 11:00AM Eastern Time, Auction Advisors, as Auctioneer, on behalf of Loan Originations LLC, a Delaware limited liability company (“Secured Party”), will offer for sale at a public auction under the Uniform Commercial Code, 100% of the shares (the “Shares”) of:

1262 JENNIFER LANE CORP, a New Jersey Corporation (the “Borrower”). The Secured Party’s understanding (made without any representation or warranty by Secured Party as to the accuracy or completeness of the following matters) is that the Borrower is the beneficial owner of the real property and improvements located 1262 Jennifer Ln; Manahawkin, NJ 08050.

William E. Seals (“Seals” or “Guarantor”) is the current owner of 100% of the outstanding shares of the Borrower. To secure the obligations to Secured Party, among other actions, Seals pledged to Secured Party a first-priority, perfected security interest in and to his shares of the Borrower. Guarantor shall be held personally responsible for the deficit in the event the auction proceeds do not exceed the outstanding debt owed to the Secured Party and Guarantors shall be entitled to any surplus in the event the auction yields proceeds that exceed the amount owed to the Secured Party.

The sale will be conducted virtually via online video conference. Instructions on how to become a “qualified bidder” and attend the auction via online video conference are set forth in the Terms & Conditions of Auction which are available online at www.AuctionAdvisors.com or by contacting Joshua Olshin of Auction Advisors at: [email protected].

Secured Party is and shall be a qualified bidder and shall be allowed to credit bid amounts due and owing to it by Seals in connection with any bids it may make with respect to the shares of the Borrower.

The auction sale will be held to enforce the rights of Secured Party under the certain Security and Pledge Agreement and UCC financing statements identified on Schedule 1 hereto pursuant to which Seals granted Secured Party’s predecessor in interest a security interest in, among other things, the Shares.

Qualified bidders shall be required to post a $100,000.00 good faith deposit prior to bidding, which deposit will be required to be increased to twenty five percent (25%) of the successful bid by the successful bidder on or prior to NOON Eastern Time on June 24, 2026. Secured Party shall not be required either to post a good faith deposit or to increase its deposit as aforesaid.

The sale will be FINAL and on an “AS-IS, WHERE IS, WITH ALL FAULTS” basis and will be made WITHOUT REPRESENTATION OR WARRANTY WHATSOEVER. The shares owned by Seals in the Borrower are unregistered securities under the Securities Act of 1933 (the “Act”). The Shares are being offered for sale in a transaction exempt from the requirements of the Act, and as such are subject to certain transfer restrictions. The Shares owned by Seals in the Borrower will be sold as a single block. The Secured Party reserves the right to require any potential bidders to represent that they are purchasing the Shares with investment intent for the bidder’s own account and not with a view towards resale or distribution..

Secured Party reserves the right to establish all bidding procedures and requirements and to have prospective bidders reasonably demonstrate to the satisfaction of Secured Party that they are qualified investors and their ability to perform and close on the acquisition of the shares of the Borrower. Secured Party reserves the right to credit bid at the sale. Secured Party also reserves the right to adjourn, continue, or cancel the sale without further notice. Other terms and conditions of the sale are set forth in the Terms & Conditions.

You are entitled to an accounting of the unpaid indebtedness secured by the Shares that we intend to sell for no additional charge. You may request an accounting by calling Joshua Olshin of Auction Advisors at: 212-375-1222 ext 705.

Certain additional but limited information available to Secured Party regarding the Borrower will be made available via a secure data room to prospective bidders who execute a non-disclosure agreement. Such non-disclosure agreement, and other information and due diligence materials may be obtained by visiting www.AuctionAdvisors.com.

Any interested bidder must satisfy the requirements to be a “qualified bidder” by no later than NOON Eastern Time on June 22, 2026.

The auction of the Shares will commence at 11:00AM Eastern Time on June 23, 2026.

Schedule 1

Ownership Interest Pledge Agreement

Ownership Interest Pledge Agreement dated as of July 23, 2024, executed by Seals with respect to the Loan made to the Borrower.

UCC Filings

New Jersey

File Number File Date Filing Type Secured Party
57316941 07/25/2024 Original  Loan Originations, LLC

 

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