DIY Legal Forms

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Notice Of Private Sale

Date:

To:

PURSUANT to the terms of a certain security agreement and promissory note dated [Date], you are hereby notified that the property held as collateral under the security agreement and promissory note will be sold at a private sale on [Date].

The property to be sold at the Private sale consists of: [Enumerate]

The private buyer shall be [Enumerate].

You will continue to be responsible for any deficiency if the proceeds of the sale are insufficient to satisfy the full amount of your debt. Your property may be reclaimed by paying the entire amount due before the sale.

Sincerely,

Your Name and Signature

Your Position / Title