§3757 Notice of Default and Foreclosure Sale

Summary

The notice of default and foreclosure sale must say who the foreclosure commissioner is and where they can be reached, the date the notice was issued, and the names of the Secretary, the original lender (if different), and the original borrower. It must describe the property and give its street address or a clear location, show the mortgage date and where it is recorded (including liber and folio or similar record info), explain the default (including the due date of the earliest unpaid installment or other defaults) and that the loan has been accelerated, and give the date, time, and place of the sale. The notice must also say the sale is under this chapter, list any costs the buyer will pay when title transfers, state the required deposit and how and when the remaining purchase price must be paid (the Secretary does not have to make a deposit), and include any other sale terms the Secretary requires.