If a borrower does not pay a loan within a reasonable time after receiving a notice of default,then the borrower will receive a notice of sale.

Question

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This statement is true. A notice of sale is typically issued after a borrower does not pay a loan within a reasonable time after receiving a notice of default. The notice of sale informs the borrower that their property will be sold at a public auction to pay off the outstanding debt.

If a Borrower Does Not Pay a Loan Within a Reasonable