Notice of Private Sale of Collateral

Send a Notice of Private Sale of Collateral to give your account holder the final details of the approaching sale.

Give them the date, the amount the property will be sold for and any other relevant information.

You’ve probably already notified them of your intent to sell, but receiving this letter will be a major eye-opener.

They’ll realize it’s really happening and they are going to lose their property.

Now there’s no going back – unless of course they pay back what they owe prior to the date of the upcoming sale!

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NOTICE OF PRIVATE SALE OF COLLATERAL 


Date: ____________ 

To: ___________________________ [Debtor] 



You are hereby notified that after _, 19_, the undersigned shall sell at private sale the following Collateral: [Describe] 

       _______________________________________________________

       ________________________________________________________


Said collateral shall be sold to _, [Buyer] for the amount of $_. You will be held liable for any deficiency resulting from said sale. You may redeem this property by paying the amount due and accrued costs of foreclosure at any time prior to the time of sale.

Related Pages
Notice of Public Sale of Collateral
Customer Revival Sales Preferred Customer Private Sale
Notice of Intention to Make a Private Sale After Breach

Other Pages You Might Like
Notice and Tender of Debtor Form
Collateral Decision Request for Preparation of Loan Documents
Pledge of Personal Property as Collateral Security

Exit Notice of Private Sale of Collateral - See More Sample Business Letters