Notice of Private Sale of Collateral : Please fill out the following form. Please print your completed form if you would to have a copy for your records.
Dear (Courtesy and the first name of the person to be notified)
Pursuant to the Uniform Commercial Code you are notified that on (date with year), the undersigned as secured party-in-possession shall sell at private sale the following collateral:
Description of the collateral to be sold
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 collateral by paying the amount due plus accrued costs of foreclosure at any time prior to the time of sale. You shall have no right to redeem the propertyafter the sale.
The balance due as of this date (including accrued costs) is $ .
All payments must be by certified or bank check.
By Certified Mail
Buying and Selling Letters Index
Notice of Private Sale of Collateral
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