[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip Code] Subject: Rhode Island Sample Letter for Correspondence regarding Status of Agreed Relinquishment of Security and Right to Redeem, Motion to Lift Automatic Stay Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to discuss the current status of the agreed relinquishment of security and right to redeem, as well as to motion to lift the automatic stay in accordance with Rhode Island regulations. This correspondence aims to address the legal matters associated with the aforementioned actions, their progress, and relevant aspects. 1. Background Information: To provide context, I would like to briefly touch upon the background of the situation. As per our previous discussions, I hold the obligation to relinquish the security held by [Lender/Bank Name] against [Property Address] due to [Reason for Agreement]. Additionally, I intend to exercise my right to redeem the property by fulfilling the outstanding obligations in accordance with the agreed terms. 2. Agreed Relinquishment of Security: I would like to ascertain the current status of the agreed relinquishment of security. As per the terms outlined in the agreement, I have fulfilled my obligations, and I kindly request confirmation from your end regarding the successful completion of this process. If any additional documents or steps are necessary to finalize this matter, please inform me promptly, and I will promptly provide the required information. 3. Right to Redeem: Furthermore, I would appreciate an update regarding my right to redeem the property associated with the aforementioned agreement. Kindly inform me of any outstanding obligations or documentation required to move forward with the redemption process. I am committed to meeting my obligations in a timely manner and would appreciate your cooperation in facilitating this matter. 4. Motion to Lift Automatic Stay: In the context of taking further necessary actions, I would like to address the motion to lift the automatic stay. As circumstances may change, it is imperative to ensure compliance with Rhode Island regulations. If the automatic stay is still in effect, please provide details on the necessary steps to pursue filing the motion and the associated timeline. I value prompt communication and transparency throughout this process. Therefore, I kindly request your response within [specific timeframe] from the receipt of this correspondence. This will enable us to maintain a clear understanding of the progress made and identify any additional requirements. Please address your response to me via email at [your email address], or you may contact me directly at [your phone number]. I believe that open and honest dialogue is essential for the efficient resolution of this matter. Thank you in advance for your attention to this letter and for your cooperation. I look forward to receiving your prompt response. Yours sincerely, [Your Name]