A notice of sale is a formal notice to a borrower who is in default that the mortgaged property has been sold in a foreclosure proceeding.

Name: A notice of sale is a formal notice to a borrower who is in default that the mortgaged property has been sold in a foreclosure proceeding.
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Question

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A notice of sale informs the borrower that the property will be sold at a foreclosure auction, not that it has already been sold.

A Notice of Sale Is a Formal Notice to a Borrower