North Dakota 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. [Your Name] [Your Address] [City, State, ZIP Code] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP Code] Re: Notice of Sale of Property Under Junior Lien Dear [Junior Lien Holder's Name], I hope this letter finds you in good health and high spirits. I am writing to provide you with formal notice of the upcoming sale of the property located at [Property Address], which is subject to your junior lien. As you may be aware, the aforementioned property has been subject to a senior lien held by [Senior Lien Holder's Name] since [Date], which holds priority over your junior lien. Due to the borrower defaulting on the senior lien, foreclosure proceedings have commenced. The foreclosure sale is scheduled to take place on [Sale Date], at [Sale Time], at [Sale Venue], in accordance with the laws and regulations of North Dakota. Please note that as a junior lien holder, you have the right to participate in the foreclosure sale. It is vital that you actively assert your interest in the property by attending the sale and bidding accordingly. Failing to exercise your rights may result in the loss of your lien on the property and any associated rights or proceeds. In compliance with the laws of North Dakota, you are entitled to receive any surplus funds from the sale, should they become available after satisfying the senior lien and other related expenses. However, please be aware that should the sale amount prove insufficient to satisfy the senior lien and additional costs, any remaining balance will be extinguished. To ensure a smooth transaction, please confirm your attendance at the foreclosure sale by returning a signed copy of this letter, or by contacting our office at [Your Phone Number] or [Your Email Address] no later than [Confirmation Deadline]. This is imperative for accurate documentation and coordination purposes. If you have any questions or require additional information concerning the upcoming sale or your rights as a junior lien holder, please do not hesitate to contact me as soon as possible. It is our utmost priority to ensure transparency and cooperation throughout this process. Thank you in advance for your prompt attention to this matter. We look forward to your participation at the foreclosure sale and a seamless resolution of all outstanding issues. Yours sincerely, [Your Name] North Dakota Sample Letters for Notice of Sale to Junior Lien Holder: 1. North Dakota Sample Letter for Notice of Sale to Junior Lien Holder — Residential Property 2. North Dakota Sample Letter for Notice of Sale to Junior Lien Holder — Commercial Property 3. North Dakota Sample Letter for Notice of Sale to Junior Lien Holder — AgriculturaPropertttttttttty.ty

[Your Name] [Your Address] [City, State, ZIP Code] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP Code] Re: Notice of Sale of Property Under Junior Lien Dear [Junior Lien Holder's Name], I hope this letter finds you in good health and high spirits. I am writing to provide you with formal notice of the upcoming sale of the property located at [Property Address], which is subject to your junior lien. As you may be aware, the aforementioned property has been subject to a senior lien held by [Senior Lien Holder's Name] since [Date], which holds priority over your junior lien. Due to the borrower defaulting on the senior lien, foreclosure proceedings have commenced. The foreclosure sale is scheduled to take place on [Sale Date], at [Sale Time], at [Sale Venue], in accordance with the laws and regulations of North Dakota. Please note that as a junior lien holder, you have the right to participate in the foreclosure sale. It is vital that you actively assert your interest in the property by attending the sale and bidding accordingly. Failing to exercise your rights may result in the loss of your lien on the property and any associated rights or proceeds. In compliance with the laws of North Dakota, you are entitled to receive any surplus funds from the sale, should they become available after satisfying the senior lien and other related expenses. However, please be aware that should the sale amount prove insufficient to satisfy the senior lien and additional costs, any remaining balance will be extinguished. To ensure a smooth transaction, please confirm your attendance at the foreclosure sale by returning a signed copy of this letter, or by contacting our office at [Your Phone Number] or [Your Email Address] no later than [Confirmation Deadline]. This is imperative for accurate documentation and coordination purposes. If you have any questions or require additional information concerning the upcoming sale or your rights as a junior lien holder, please do not hesitate to contact me as soon as possible. It is our utmost priority to ensure transparency and cooperation throughout this process. Thank you in advance for your prompt attention to this matter. We look forward to your participation at the foreclosure sale and a seamless resolution of all outstanding issues. Yours sincerely, [Your Name] North Dakota Sample Letters for Notice of Sale to Junior Lien Holder: 1. North Dakota Sample Letter for Notice of Sale to Junior Lien Holder — Residential Property 2. North Dakota Sample Letter for Notice of Sale to Junior Lien Holder — Commercial Property 3. North Dakota Sample Letter for Notice of Sale to Junior Lien Holder — AgriculturaPropertttttttttty.ty