Puerto Rico Sample Letter regarding Cancellation of Deed of Trust

• Category: Letters - Legal - Deeds of Trust
• State: Multi-State
• Control #: US-0747LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Dear [Name], I am writing this letter to inform you of the cancellation of the Deed of Trust that was executed on [date] between [Lender's Name] and [Borrower's Name] concerning the property located at [property address] in Puerto Rico. The Deed of Trust, also known as a Mortgage, is a legal instrument that establishes a lien on real property as security for the repayment of a loan. In our case, [Borrower's Name] obtained a loan from [Lender's Name], and the property in question was used as collateral for the loan. It is my pleasure to inform you that the loan has been paid off in full and all associated obligations have been met. Hence, we request the cancellation of the Deed of Trust, releasing the lien on the property. We have attached all the necessary documentation to facilitate the cancellation process promptly. These include the original Deed of Trust, the notarized mortgage release, and any other relevant papers. We kindly request you to review these documents and process the cancellation accordingly. We understand that the cancellation process may require certain administrative procedures and fees. Furthermore, we are more than willing to cooperate to ensure a smooth and timely cancellation process. If there are any additional documents or information required, kindly inform us, and we will provide them promptly. I would also like to request a formal acknowledgment of the cancellation of the Deed of Trust. This document would serve as proof that the lien has been released, protecting both parties' interests. Once the cancellation is complete, we kindly ask you to provide us with a copy of the recorded release, as it will be an essential document for our records. Thank you for your attention to this matter. We appreciate your prompt action in processing the cancellation of the Deed of Trust. If you have any questions or require any further information, feel free to contact us at [phone number] or [email address]. Sincerely, [Your Name] [Your Title/Position] [Company Name]

Dear [Name], I am writing this letter to inform you of the cancellation of the Deed of Trust that was executed on [date] between [Lender's Name] and [Borrower's Name] concerning the property located at [property address] in Puerto Rico. The Deed of Trust, also known as a Mortgage, is a legal instrument that establishes a lien on real property as security for the repayment of a loan. In our case, [Borrower's Name] obtained a loan from [Lender's Name], and the property in question was used as collateral for the loan. It is my pleasure to inform you that the loan has been paid off in full and all associated obligations have been met. Hence, we request the cancellation of the Deed of Trust, releasing the lien on the property. We have attached all the necessary documentation to facilitate the cancellation process promptly. These include the original Deed of Trust, the notarized mortgage release, and any other relevant papers. We kindly request you to review these documents and process the cancellation accordingly. We understand that the cancellation process may require certain administrative procedures and fees. Furthermore, we are more than willing to cooperate to ensure a smooth and timely cancellation process. If there are any additional documents or information required, kindly inform us, and we will provide them promptly. I would also like to request a formal acknowledgment of the cancellation of the Deed of Trust. This document would serve as proof that the lien has been released, protecting both parties' interests. Once the cancellation is complete, we kindly ask you to provide us with a copy of the recorded release, as it will be an essential document for our records. Thank you for your attention to this matter. We appreciate your prompt action in processing the cancellation of the Deed of Trust. If you have any questions or require any further information, feel free to contact us at [phone number] or [email address]. Sincerely, [Your Name] [Your Title/Position] [Company Name]