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Private Sale Notice
PRIVATE SALE NOTICE
Date: [Date of Notice]
[First Name of Recipient] [Last Name of Recipient]
[Company Name of Recipient]
[Street Address of Recipient]
[City of Recipient], [State of Recipient]
[Zip Code of Recipient]
[Country of Recipient]
Dear [Mr./Mrs.] [Last Name of Recipient]:
PURSUANT to the terms of a certain security agreement and promissory note dated [Date of Note], 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 of Sale].
The property to be sold at the Private sale consists of: [Description of Property].
The private buyer shall be [Name of Buyer].
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,
Signature Date