New Mexico 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 of Property Under Junior Lien Dear [Junior Lien Holder's Name], I hope this letter finds you well. I am writing to formally notify you of the pending sale of a property for which you hold a junior lien, as per the records available with the [County] County Clerk's Office in the state of New Mexico. The purpose of this notice is to ensure compliance with legal requirements while providing you with an opportunity to exercise your rights and interests in the subject property. Property Information: — Property Address: [Full Property Address] — Legal Description: [Provide a detailed legal description of the property] As a junior lien holder, it is important for you to be aware that the senior lien holder has initiated foreclosure proceedings due to default on their loan agreement. The property will be sold at a public auction, where interested buyers can bid on the property. This auction will be conducted by the [County] County Sheriff's Office as per the foreclosure laws of New Mexico. Sale Details: — Date: [Specify the date of the auction] — Time: [Specify the time of the auction] — Location: [Specify the location of the auction] Please note that in the event the property is successfully sold at auction, the proceeds will be distributed to the lien holders in accordance with their priority. As a junior lien holder, you will receive your share of the proceeds once the senior lien holder's debt has been satisfied, subject to any other claims or encumbrances on the property. We encourage you to review your rights and obligations regarding this sale process, consult legal advice if necessary, and consider attending the auction to protect your interests. If you choose to attend the sale, please reach out to us, and we will provide you with any updated information or changes related to the sale. We kindly request you to acknowledge receipt of this notice within ten (10) business days, either by mail or email, to ensure effective communication. Additionally, if there have been any changes in your contact information since the recording of your lien, please provide us with your updated details to avoid any miscommunication. Should you have any questions or require further clarification regarding the sale process or the subject property, please do not hesitate to contact us at [Your Phone Number] or [Your Email Address]. We are here to assist you and address any concerns you may have. Thank you for your attention to this matter. We look forward to your prompt response. Sincerely, [Your Name] [Your Title] [Your Company Name] [Your Company Address] [City, State, ZIP]

[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 of Property Under Junior Lien Dear [Junior Lien Holder's Name], I hope this letter finds you well. I am writing to formally notify you of the pending sale of a property for which you hold a junior lien, as per the records available with the [County] County Clerk's Office in the state of New Mexico. The purpose of this notice is to ensure compliance with legal requirements while providing you with an opportunity to exercise your rights and interests in the subject property. Property Information: — Property Address: [Full Property Address] — Legal Description: [Provide a detailed legal description of the property] As a junior lien holder, it is important for you to be aware that the senior lien holder has initiated foreclosure proceedings due to default on their loan agreement. The property will be sold at a public auction, where interested buyers can bid on the property. This auction will be conducted by the [County] County Sheriff's Office as per the foreclosure laws of New Mexico. Sale Details: — Date: [Specify the date of the auction] — Time: [Specify the time of the auction] — Location: [Specify the location of the auction] Please note that in the event the property is successfully sold at auction, the proceeds will be distributed to the lien holders in accordance with their priority. As a junior lien holder, you will receive your share of the proceeds once the senior lien holder's debt has been satisfied, subject to any other claims or encumbrances on the property. We encourage you to review your rights and obligations regarding this sale process, consult legal advice if necessary, and consider attending the auction to protect your interests. If you choose to attend the sale, please reach out to us, and we will provide you with any updated information or changes related to the sale. We kindly request you to acknowledge receipt of this notice within ten (10) business days, either by mail or email, to ensure effective communication. Additionally, if there have been any changes in your contact information since the recording of your lien, please provide us with your updated details to avoid any miscommunication. Should you have any questions or require further clarification regarding the sale process or the subject property, please do not hesitate to contact us at [Your Phone Number] or [Your Email Address]. We are here to assist you and address any concerns you may have. Thank you for your attention to this matter. We look forward to your prompt response. Sincerely, [Your Name] [Your Title] [Your Company Name] [Your Company Address] [City, State, ZIP]