DIY Legal Forms

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Private Sale Notice

Date:

Name

Address

RE: PRIVATE SALE NOTICE

Dear Sir/Madam:

IN CONSIDERATION of the terms of a Surety Contract together with Promissory Note dated the ________ day of ________, [Month] 20 __, you are hereby given written notice that the material assets presently being held as security will be released for private sale on the ________ day of ________, [Month] 20 __.

The items of security are to be sold privately and include all of the following:

[Complete list of items]

Please know that the private buyer is ________ [Name], and he/she has made a formal request for their address is to be kept confidential.

In the unlikely event said items of security fail to produce enough monies to discharge the debt, you will be legally responsible according to state law, to pay the balance of monies owing.

You can reclaim ownership of said items of security by paying the full amount of monies due prior to commencement of the private sale.

Sincerely,

______________________