New Mexico 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. Subject: Important Notice of Cancellation of Deed of Trust — New Mexico [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] [Date] [Client's Name] [Client's Address] [City, State, ZIP Code] Dear [Client's Name], RE: NOTIFICATION OF CANCELLATION OF DEED OF TRUST I hope this letter finds you in good health and high spirits. I am writing to inform you of an important update regarding the cancellation of the Deed of Trust associated with the property referenced [Property Address], in accordance with the laws and regulations in the state of New Mexico. Under New Mexico law, it is crucial to notify you of the cancellation of the Deed of Trust, also referred to as a mortgage, on your property. A Deed of Trust is a legal document that outlines the terms and conditions for repayment of a loan secured by the property. This cancellation signifies that the loan you obtained and secured against the property has been paid in full, released, and no longer encumbers your property. The cancellation process involves several steps that must be completed diligently to ensure the timely cancellation of the Deed of Trust: 1. Loan Satisfaction: Once the final payment of the loan has been recorded by the lender, a loan satisfaction or release of lien document will be prepared. 2. Document Preparation: Our team of professionals will prepare the necessary paperwork to initiate the cancellation process, which includes drafting a Release of Deed of Trust document. 3. Recording: These cancellation documents will be recorded at the [County Name] County Recorder's Office where the property is located, establishing the public record of the released Deed of Trust. 4. Notification: After the recording, we will send a certified letter to you, our valued client, along with a copy of the recorded Release of Deed of Trust for your records. This serves as proof that the Deed of Trust has been successfully canceled. At this stage, it is important to note that the cancellation process may take some time due to administrative procedures and workload at the County Recorder's Office. Depending on the processing times, it may take approximately [X] weeks/months for the cancellation to be finalized. Please be assured that we will handle this matter with utmost priority and ensure all necessary steps are taken promptly. Should you require additional copies of the recorded Release of Deed of Trust for any future reference or formalities, please do not hesitate to reach out to our office. We strive to provide excellent client service, and addressing your concerns is our priority. Please feel free to contact us at [Phone Number] or [Email Address] for further clarification or assistance. We appreciate your understanding and cooperation throughout this process and look forward to serving your future needs. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Title/Position] [Company Name]

Subject: Important Notice of Cancellation of Deed of Trust — New Mexico [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] [Date] [Client's Name] [Client's Address] [City, State, ZIP Code] Dear [Client's Name], RE: NOTIFICATION OF CANCELLATION OF DEED OF TRUST I hope this letter finds you in good health and high spirits. I am writing to inform you of an important update regarding the cancellation of the Deed of Trust associated with the property referenced [Property Address], in accordance with the laws and regulations in the state of New Mexico. Under New Mexico law, it is crucial to notify you of the cancellation of the Deed of Trust, also referred to as a mortgage, on your property. A Deed of Trust is a legal document that outlines the terms and conditions for repayment of a loan secured by the property. This cancellation signifies that the loan you obtained and secured against the property has been paid in full, released, and no longer encumbers your property. The cancellation process involves several steps that must be completed diligently to ensure the timely cancellation of the Deed of Trust: 1. Loan Satisfaction: Once the final payment of the loan has been recorded by the lender, a loan satisfaction or release of lien document will be prepared. 2. Document Preparation: Our team of professionals will prepare the necessary paperwork to initiate the cancellation process, which includes drafting a Release of Deed of Trust document. 3. Recording: These cancellation documents will be recorded at the [County Name] County Recorder's Office where the property is located, establishing the public record of the released Deed of Trust. 4. Notification: After the recording, we will send a certified letter to you, our valued client, along with a copy of the recorded Release of Deed of Trust for your records. This serves as proof that the Deed of Trust has been successfully canceled. At this stage, it is important to note that the cancellation process may take some time due to administrative procedures and workload at the County Recorder's Office. Depending on the processing times, it may take approximately [X] weeks/months for the cancellation to be finalized. Please be assured that we will handle this matter with utmost priority and ensure all necessary steps are taken promptly. Should you require additional copies of the recorded Release of Deed of Trust for any future reference or formalities, please do not hesitate to reach out to our office. We strive to provide excellent client service, and addressing your concerns is our priority. Please feel free to contact us at [Phone Number] or [Email Address] for further clarification or assistance. We appreciate your understanding and cooperation throughout this process and look forward to serving your future needs. Thank you for your attention to this matter. Sincerely, [Your Name] [Your Title/Position] [Company Name]