New Jersey 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] [Email Address] [Phone Number] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP] Subject: Notice of Sale as a Junior Lien Holder — Property located at [Full Property Address] Dear [Junior Lien Holder's Name], I hope this letter finds you well. I am writing to notify you, as a junior lien holder on the aforementioned property, regarding the upcoming sale of the property by the senior lien holder. This notice is to provide you with an opportunity to exercise your rights and interests in the property prior to the sale. As you are aware, the property at [Full Property Address] has a senior lien held by [Senior Lien Holder's Name]. The senior lien holder has initiated foreclosure proceedings, and the property will be sold at a public auction on [Sale Date] at [Sale Location/Website]. The primary purpose of this auction is to recover the unpaid amount owed to the senior lien holder in accordance with New Jersey's foreclosure laws. Despite being a junior lien holder, you have certain rights in this process. You may choose to pay off the senior lien in full before the date of the sale. Doing so would allow you to assume the senior lien holder's position and potentially prevent the loss of your interest in the property. However, please note that you have little to no control over the sale process itself unless you acquire the senior lien position. If you are unable or unwilling to pay off the senior lien, it is essential to be aware that your lien will be extinguished once the senior lien is paid off through the sale proceeds or any other means. Consequently, your rights and interests in the property would no longer be enforceable. I strongly advise you to seek legal counsel to discuss your specific rights and options as a junior lien holder in New Jersey. It is crucial to understand the implications of the impending sale and take appropriate action to protect your interests. Please consider this letter as formal notice of the pending sale and your opportunity to act upon it. If you have any questions or require additional information, kindly reach out to me at [Your Phone Number] or [Your Email Address]. Thank you for your attention to this matter, and I look forward to hearing from you soon. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP] Subject: Notice of Sale as a Junior Lien Holder — Property located at [Full Property Address] Dear [Junior Lien Holder's Name], I hope this letter finds you well. I am writing to notify you, as a junior lien holder on the aforementioned property, regarding the upcoming sale of the property by the senior lien holder. This notice is to provide you with an opportunity to exercise your rights and interests in the property prior to the sale. As you are aware, the property at [Full Property Address] has a senior lien held by [Senior Lien Holder's Name]. The senior lien holder has initiated foreclosure proceedings, and the property will be sold at a public auction on [Sale Date] at [Sale Location/Website]. The primary purpose of this auction is to recover the unpaid amount owed to the senior lien holder in accordance with New Jersey's foreclosure laws. Despite being a junior lien holder, you have certain rights in this process. You may choose to pay off the senior lien in full before the date of the sale. Doing so would allow you to assume the senior lien holder's position and potentially prevent the loss of your interest in the property. However, please note that you have little to no control over the sale process itself unless you acquire the senior lien position. If you are unable or unwilling to pay off the senior lien, it is essential to be aware that your lien will be extinguished once the senior lien is paid off through the sale proceeds or any other means. Consequently, your rights and interests in the property would no longer be enforceable. I strongly advise you to seek legal counsel to discuss your specific rights and options as a junior lien holder in New Jersey. It is crucial to understand the implications of the impending sale and take appropriate action to protect your interests. Please consider this letter as formal notice of the pending sale and your opportunity to act upon it. If you have any questions or require additional information, kindly reach out to me at [Your Phone Number] or [Your Email Address]. Thank you for your attention to this matter, and I look forward to hearing from you soon. Yours sincerely, [Your Name]