[Your Name] [Your Address] [City, State, Zip Code] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, Zip Code] Subject: Notice of Sale of Property with Junior Lien Dear [Junior Lien Holder's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you as the junior lien holder on the property located at [Property Address], in accordance with the laws of the state of Alabama, about the forthcoming sale of the aforementioned property. As you may be aware, the property is encumbered by a senior lien held by [Senior Lien Holder's Name], and due to an unresolved delinquency on the loan, the senior lien holder has decided to exercise their right to foreclose on the property. In compliance with Alabama law, a notice of sale has been duly given to the debtor in default, and the sale has been scheduled to take place on [Sale Date]. As a junior lien holder, this notice is being sent to you to provide an opportunity to assert any rights or interests you may have in the property. It is essential that you are aware of this impending sale, as your lien position and rights may be impacted by the sale. Therefore, it is strongly advised that you consult with legal counsel to protect your interests. Upon the successful completion of the foreclosure sale, the proceeds will be used to satisfy the senior lien holder's debt, including all legal and foreclosure expenses. Any surplus funds remaining from the sale, if applicable, will be utilized to satisfy the junior lien and other subordinate liens, if any. It is important to note that as a junior lien holder, you have the option to participate in the foreclosure process and bid at the sale. This will require you to present the necessary funds or credit to outbid other potential buyers. However, if you choose not to participate or are unsuccessful in acquiring the property, your lien will be extinguished, and your claim will be subordinated to the new owner's lien, if any. Please take this letter seriously and consider your legal rights and obligations accordingly. If you have any questions or require further information, please do not hesitate to contact me at [Your Contact Number] or [Your Email Address]. I will be glad to guide you through the process or provide any documentation you may need. Thank you for your prompt attention to this matter. Your cooperation is greatly appreciated. Yours sincerely, [Your Name] Enclosure: — Notice of Sale to the Debtor in Default — [Any other relevant documents or information]
Alabama Sample Letter for Notice of Sale to Junior Lien Holder
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