If a loan is not paid within a reasonable time after a notice of default,the borrower will receive a notice of sale.

Name: If a loan is not paid within a reasonable time after a notice of default,the borrower will receive a notice of sale.
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This statement is true. If a borrower does not pay their loan within a reasonable time after receiving a notice of default, they will typically receive a notice of sale indicating that the property is scheduled to be sold at a foreclosure auction.

If a Loan Is Not Paid Within a Reasonable Time