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In California, for example, the notice of sale must be sent 21 days before the sale and include the time, location, and date of the sale, as well as the property address, the foreclosure trustees name, address, and phone number. Foreclosure auctions and trustee sales are required to be held in a public place.
A Notice of Sale generally contains the date, time and place of sale, the Principal amount (and Maturity schedule), a description of the Bonds, the security pledged for the repayment of the Bonds, the amount of any Good Faith Deposit, the basis of award, the name of Bond Counsel, method of delivery and time and place
When a new bond offering is planned through competitive bidding, the issuer publishes a notice of sale, which contains specific information about the offering including the interest rate, yields, date and time and all the information an underwriter needs to bid on the offering.
A notice of default is a public record stating that a borrower is in default on their loan. A lender or servicer files a default letter as the first step in the foreclosure process. If you ignore a notice of default, you could lose your home so if you receive one, contact your lender as soon as possible.
The short answer is that both the buyer and seller should retain the bill of sale for their records. This document protects everyone involved should any disagreements arise in the future. Typically, the buyer should keep the original and the seller should keep a copy. Learn why its important for both parties.

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A notice of sale is a document that a lender issues to a borrower who has defaulted on their mortgage, notifying them that the lender intends to take possession of and sell the property. The notice of sale serves as the lenders authorization to sell the property, and it is the first step in the enforcement process.

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