Notice of Public Sale of Collateral

Notice of Public Sale of Collateral should be sent to all associated parties as soon as the specifics of the auction have been determined.

Since you’ve already exhausted all other avenues to collect your customer’s debt, it’s now time to take some serious action.

When your customer receives this letter, it should be a real “eye opener” for them.

This letter will make it all real.

Including the amount owed in this notice will hopefully prompt your customers to make payment arrangements with haste.

This redeeming attempt may make it unnecessary to even follow through with the auction!

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NOTICE OF PUBLIC SALE OF COLLATERAL

  

Date: ________

To: ___[Debtor]_____

 

You are hereby given notice that the collateral covered under our security agreement shall be sold at public auction as follows: 

Date: _______

Time: _______

Location: _____________________________________ 

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.

 

Very truly,

 

                                   ____________________________

                                                 Secured Party

 

Related Pages
Notice of Private Sale of Collateral
Pledge of Personal Property as Collateral Security
Pledge of Shares of Stock as Collateral Security

Other Pages You Might Like
Collateral Decision Request for Preparation of Loan Documents
Demand by Secured Party for Possession of Collateral Form
Notice and Tender of Debtor Form


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