North Dakota Sample Letter regarding Notifying Client of Cancellation of Deed of Trust

• Category: Letters - Legal - Deeds of Trust
• State: Multi-State
• Control #: US-0079LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Client's Name] [Client's Address] [City, State, ZIP] Subject: Notice of Cancellation of Deed of Trust Dear [Client's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you about an important development regarding the Deed of Trust associated with [property address]. As your attorney and representative, it is my duty to keep you informed of any changes in your legal and financial matters. Firstly, I want to provide you with a brief explanation of what a Deed of Trust is. In North Dakota, a Deed of Trust is a legal document that establishes a lien against a property as security for a loan or debt. It is commonly used during a mortgage transaction, wherein the borrower (trust or) conveys the property title to a trustee (usually a title company) for the benefit of the lender (beneficiary). This allows the lender to initiate foreclosure proceedings in case the borrower defaults on the loan payments. Now, in regard to your specific situation, I have some positive news to share. After careful review and consultation with relevant parties, it has been determined that the loan associated with the Deed of Trust mentioned above has been fully satisfied. This means that you have successfully fulfilled all your financial obligations as outlined in the loan agreement. Therefore, I am delighted to inform you that we will be initiating the process for canceling the Deed of Trust and releasing the lien on your property. This cancellation will remove any encumbrances on your property title, providing you with clear ownership and unrestricted use of your property. To ensure a smooth process, we will be working closely with the title company and other involved parties to prepare the necessary documentation for the cancellation of the Deed of Trust. This will include the preparation of a formal Cancellation of Deed of Trust, which will be submitted to the appropriate county recorder's office for decoration. Once recorded, a copy of the cancellation will be sent to you for your records. Please note that although we will handle the cancellation process efficiently, recording and receiving the copy of the cancellation might take some time due to administrative procedures. Rest assured that we will make every effort to expedite this process and keep you updated on its progress. If you have any questions or concerns regarding this matter, please do not hesitate to contact me at your convenience. I am here to assist you and provide any further clarification you may require. Congratulations on successfully fulfilling your financial obligations associated with this loan. It is a significant milestone, and I share your excitement in achieving this remarkable feat. Thank you for entrusting me with your legal matters, and I look forward to continuing to serve your legal needs in the future. Best regards, [Your Name] [Your Title] [Law Firm Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Client's Name] [Client's Address] [City, State, ZIP] Subject: Notice of Cancellation of Deed of Trust Dear [Client's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you about an important development regarding the Deed of Trust associated with [property address]. As your attorney and representative, it is my duty to keep you informed of any changes in your legal and financial matters. Firstly, I want to provide you with a brief explanation of what a Deed of Trust is. In North Dakota, a Deed of Trust is a legal document that establishes a lien against a property as security for a loan or debt. It is commonly used during a mortgage transaction, wherein the borrower (trust or) conveys the property title to a trustee (usually a title company) for the benefit of the lender (beneficiary). This allows the lender to initiate foreclosure proceedings in case the borrower defaults on the loan payments. Now, in regard to your specific situation, I have some positive news to share. After careful review and consultation with relevant parties, it has been determined that the loan associated with the Deed of Trust mentioned above has been fully satisfied. This means that you have successfully fulfilled all your financial obligations as outlined in the loan agreement. Therefore, I am delighted to inform you that we will be initiating the process for canceling the Deed of Trust and releasing the lien on your property. This cancellation will remove any encumbrances on your property title, providing you with clear ownership and unrestricted use of your property. To ensure a smooth process, we will be working closely with the title company and other involved parties to prepare the necessary documentation for the cancellation of the Deed of Trust. This will include the preparation of a formal Cancellation of Deed of Trust, which will be submitted to the appropriate county recorder's office for decoration. Once recorded, a copy of the cancellation will be sent to you for your records. Please note that although we will handle the cancellation process efficiently, recording and receiving the copy of the cancellation might take some time due to administrative procedures. Rest assured that we will make every effort to expedite this process and keep you updated on its progress. If you have any questions or concerns regarding this matter, please do not hesitate to contact me at your convenience. I am here to assist you and provide any further clarification you may require. Congratulations on successfully fulfilling your financial obligations associated with this loan. It is a significant milestone, and I share your excitement in achieving this remarkable feat. Thank you for entrusting me with your legal matters, and I look forward to continuing to serve your legal needs in the future. Best regards, [Your Name] [Your Title] [Law Firm Name]