California Sample Letter for Notice of Sale to Junior Lien Holder

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• Control #: US-0723LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Sample Letter for Notice of Sale to Junior Lien Holder in California [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP Code] Subject: Notice of Sale of Property Subject to 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 of an upcoming sale of property that you hold a junior lien on. The purpose of this notice is to provide you with relevant information regarding the sale and your rights as the holder of a junior lien. Property Information: Property Address: [Full Property Address] County: [County Name] Assessor Parcel Number (APN): [APN Number] Please be advised that after careful considerations, the senior lien holder has decided to proceed with the sale of the aforementioned property due to non-payment of the senior lien. As the junior lien holder, it is crucial that you are aware of your rights and obligations throughout this process. Sale Details: Date: [Date of Sale] Time: [Time of Sale] Location: [Location of Sale] Public Trustee or Auctioneer: [Trustee's or Auctioneer's Name] Contact Person: [Contact Person's Name] Contact Person's Phone Number: [Contact Person's Phone Number] According to California law, as the junior lien holder, you have the right to be present at the sale and bid on the property. Please note that the property will be sold in its current condition and the sale proceeds will be distributed accordingly as determined by the senior lien holder's priority. The sale price achieved may or may not cover the outstanding balance of your lien. It is recommended that you assess the current market value of the property and determine if your lien may be impacted by the upcoming sale. In the event that the sale proceeds exceed the senior lien amount, you may be entitled to a surplus. Conversely, if the sale proceeds do not cover the senior lien, your junior lien may be partially or entirely extinguished. It is advised that you consult with an attorney to understand the potential implications for your junior lien in this matter. Lastly, please understand that this letter serves as a courtesy notice and not as a legal opinion or advice. For a comprehensive understanding of your rights and obligations, it is essential to seek your legal counsel or financial advisor. If you require any additional information or have any questions regarding the upcoming sale, please do not hesitate to contact me directly. Thank you for your attention to this matter. Yours sincerely, [Your Name]

Sample Letter for Notice of Sale to Junior Lien Holder in California [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP Code] Subject: Notice of Sale of Property Subject to 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 of an upcoming sale of property that you hold a junior lien on. The purpose of this notice is to provide you with relevant information regarding the sale and your rights as the holder of a junior lien. Property Information: Property Address: [Full Property Address] County: [County Name] Assessor Parcel Number (APN): [APN Number] Please be advised that after careful considerations, the senior lien holder has decided to proceed with the sale of the aforementioned property due to non-payment of the senior lien. As the junior lien holder, it is crucial that you are aware of your rights and obligations throughout this process. Sale Details: Date: [Date of Sale] Time: [Time of Sale] Location: [Location of Sale] Public Trustee or Auctioneer: [Trustee's or Auctioneer's Name] Contact Person: [Contact Person's Name] Contact Person's Phone Number: [Contact Person's Phone Number] According to California law, as the junior lien holder, you have the right to be present at the sale and bid on the property. Please note that the property will be sold in its current condition and the sale proceeds will be distributed accordingly as determined by the senior lien holder's priority. The sale price achieved may or may not cover the outstanding balance of your lien. It is recommended that you assess the current market value of the property and determine if your lien may be impacted by the upcoming sale. In the event that the sale proceeds exceed the senior lien amount, you may be entitled to a surplus. Conversely, if the sale proceeds do not cover the senior lien, your junior lien may be partially or entirely extinguished. It is advised that you consult with an attorney to understand the potential implications for your junior lien in this matter. Lastly, please understand that this letter serves as a courtesy notice and not as a legal opinion or advice. For a comprehensive understanding of your rights and obligations, it is essential to seek your legal counsel or financial advisor. If you require any additional information or have any questions regarding the upcoming sale, please do not hesitate to contact me directly. Thank you for your attention to this matter. Yours sincerely, [Your Name]