Subject: Notice of Sale to Junior Lien Holder in New Hampshire — Important Information Dear [Junior Lien Holder's Name], I hope this letter finds you well. We are writing to inform you of an upcoming sale of real property in New Hampshire, for which you hold a junior lien. This notice is being provided in compliance with the laws governing the state of New Hampshire, specifically, the [relevant legal statutes/codes]. Property Description: Address: [Property Address] Legal Description: [Provide detailed legal description] Sale Information: Date of Sale: [Specify the date] Time: [Specify the time] Location: [Provide the exact location, if applicable] Nature of Sale: The above-mentioned property is scheduled to be sold at a public auction pursuant to the New Hampshire foreclosure procedure. The sale is being conducted to satisfy the outstanding debt, which remains due and payable under the senior lien holder or mortgagee, as well as your junior lien. As a junior lien holder, you are entitled to receive a portion of the proceeds from the sale, subject to the priority established by New Hampshire law. Your Rights and Obligations: Please be aware that the New Hampshire foreclosure process requires proper notification to junior lien holders, granting them the opportunity to protect their interests. By receiving this notice, you are given the option to intervene in the foreclosure proceedings, which may include redeeming the property by paying off the senior lien or making other arrangements to cure the default. Should you choose to intervene, we kindly ask you to contact us within [provide a specific timeframe, e.g., 30 days from the date of this notice]. Rest assured, we are committed to working with you in an effort to reach a mutually acceptable resolution. Liability and Discharge of Lien: In the event the property is sold at the auction, the senior lien holder's obligations will be fulfilled first from the sale proceeds. Once the senior lien is satisfied, the remaining proceeds will be attributed to your junior lien, if any. However, if the sale amount is insufficient to cover both the senior and junior liens, your lien may not be fully discharged, and you may retain a claim against the borrower for the unpaid balance. Requested Documentation: To further facilitate this process, please provide us with any relevant documentation supporting your claim of a junior lien, such as the official copy of the junior lien and any recorded assignments or modifications to the lien. This will assist us in accurately accounting for your interest during the sale. Please note that failure to respond within the specified timeframe may result in the forfeiture of your rights as a junior lien holder and potential loss of any claim to the property or the proceeds from the sale. We encourage you to seek legal advice to fully understand your rights and obligations as a junior lien holder in this situation. Thank you for your attention to this matter. If you have any questions or require further information, please do not hesitate to contact us at [your contact information]. We look forward to resolving this matter in an equitable and timely fashion. Sincerely, [Your Name] [Your Title] [Your Organization Name] [Your Contact Information]
New Hampshire Sample Letter for Notice of Sale to Junior Lien Holder
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