Notice of Sale of Collateral and Possible Deficiency Mobile App
Financial institutions and lenders holding title of property are entitled to repossess or request a voluntarily surrender of items that are in default or used as collateral.
How does it work?
The app includes a Notice of Sale of Collateral and Possible Deficiency letter from the lender describing the repossessed item used as collateral and subsequent sale of item to cover the loan. The app also covers any deficiency or surplus of funds after the sale,