View the list of Sample Business Letters Notice of Private Sale of Collateral Disclaimer: Be aware that some of these sample letters have legal, financial, or other implications. If you are not sure about the use of any letter, consult with an appropriate professional first. Notice of Private Sale of Collateral NOTICE OF PRIVATE SALE OF COLLATERAL Date: _ To: _ (Debtor) You are hereby notified that after _, 19_, the undersigned shall sell at private sale the following Collateral: (Describe) _ 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 property by paying the amount due and accrued costs of foreclosure at any time prior to the time of sale. Very truly, ______________________________ Secured Party