Sample Letter for Notice of Sale to Junior Lien Holder [Your Name] [Your Address] [City, State, ZIP Code] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Notice of Sale — Junior Lien Holder Dear [Recipient's Name], I hope this letter finds you well. I am writing to inform you of an upcoming sale of a property located at [Property Address] in [City], [State]. As a junior lien holder on this property, it is important for you to be aware of the forthcoming sale and how it may impact your legal rights. The sale of the aforementioned property is scheduled to take place on [Sale Date], at [Sale Time]. This sale is being conducted to satisfy the senior lien obligations held by the [Name of Senior Lien Holder]. Their lien on the property predates yours, and as per the applicable laws and regulations, they hold a priority position over your lien. The purpose of this notice is to provide you with an opportunity to exercise your right to protect your interest in the property. As the junior lien holder, you have the option to either purchase the property at the sale or make arrangements to pay off the senior lien before the sale. By doing so, you can protect your financial interest and prevent the property from being sold to a third party. Please be advised that if you choose not to exercise your rights and the property is sold at the aforementioned sale, your junior lien will be extinguished, and you may lose any claim to the property and its proceeds. It is essential to consider your options carefully and take appropriate action to safeguard your interests. If you wish to discuss this matter further or require additional information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. It is crucial that we communicate promptly to ensure that your concerns are addressed. I appreciate your attention to this matter and look forward to hearing from you soon. Thank you for your cooperation. Sincerely, [Your Name]
New York Sample Letter for Notice of Sale to Junior Lien Holder
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