[Your Name] [Your Address] [City, State, Zip Code] [Email Address] [Phone Number] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, Zip Code] Subject: Notice of Sale of Property Dear [Junior Lien Holder's Name], I hope this letter finds you in good health. I am writing to formally notify you, as the junior lien holder, of the upcoming sale of the property located at [Property Address], in accordance with the laws and regulations of the State of Rhode Island. As you may be aware, our mutual property owner, [Property Owner's Name], has experienced financial difficulties, leading to unfortunate circumstances such as foreclosure. Due to the legal proceedings, it has become necessary for the property to be sold in order to satisfy outstanding debts and secure the best possible outcome for all parties involved. The sale of the property is scheduled to take place on [Sale Date] at [Sale Time] at [Sale Venue/Location]. This public auction will be conducted by a duly appointed auctioneer or representative, as per the requirements stated in the Rhode Island laws governing foreclosure sales. Please be informed that the outstanding debt is not fully covered by the proceeds from the anticipated sale. As the junior lien holder, your rights will be subordinate to the primary lien holder, meaning that any proceeds from the sale will be allocated to the senior lien holder's debt first. If there are any remaining funds, they will be assigned to your junior lien. I urge you to take necessary action to protect your financial interests by attending the public auction or arranging for a representative to do so on your behalf. By participating in the sale or having representation present, you will have an opportunity to bid on the property and attempt to recover the outstanding debt owed to you. Please note that it is essential for you to respond to this letter within [number of days] to acknowledge your receipt of this notice and confirm your intention to participate in the auction or appoint a representative to do so. Additionally, if you have any questions or require further information, please contact me at [Your Phone Number] or via email at [Your Email Address]. I am available to provide clarifications and assist you throughout this process. Thank you for your attention to this matter. Your cooperation will contribute to a successful resolution of the foreclosure process. I look forward to hearing from you soon. Sincerely, [Your Name]