06/16/2026
Federal Judge Approves Sale of Uncle Nearest’s Martha’s Vineyard Home
A federal judge has approved the sale of Uncle Nearest’s Martha’s Vineyard property, clearing the way for the luxury home to be sold as part of the ongoing receivership proceedings involving the company.
In an order entered Monday, U.S. District Judge Charles Atchley granted the receiver’s motion to sell the property located in Edgartown, Massachusetts, along with the furnishings and personal property inside the home. The court found that the property generates no revenue for the receivership estate while continuing to incur maintenance and operating expenses.
The sale had originally been proposed in February when Receiver Phillip Young reported receiving a full-price offer of $2.595 million for the property. Court filings identified the buyers as Jennifer Kaalund and Sekou Kaalund. The property was listed for sale at $2.595 million and also attracted two backup offers at the same price.
The Weavers objected to the sale, arguing that the Martha’s Vineyard home served as an important marketing and relationship-building asset for the Uncle Nearest brand. Judge Atchley acknowledged those benefits but ultimately concluded they did not outweigh the ongoing costs to the receivership estate. The court also noted that potential buyers of Uncle Nearest’s business had shown no interest in acquiring the property as part of any larger transaction.
Before approving the sale, the court required independent appraisals, publication of sale notices in a Martha’s Vineyard newspaper, and an opportunity for competing bids. No qualifying overbids were received. The judge ruled that all legal requirements had been satisfied and authorized the receiver to proceed with the sale.
However, the court also ordered that any proceeds remaining after the first mortgage is paid must stay with the receivership estate and cannot be distributed to Farm Credit Mid-America while the underlying litigation remains pending.
