Kings New York is a renowned law firm specializing in real estate law and providing their clients with accurate legal advice and services. One of the common services they offer is drafting and sending Sample Letters to notify clients of the cancellation of a Deed of Trust. When cancelling a Deed of Trust, it is essential to inform the client promptly and professionally. Kings New York provides various types of Sample Letters to notify clients based on their specific circumstances. Here are some examples: 1. Standard Cancellation of Deed of Trust: This type of Sample Letter is used when canceling a Deed of Trust without any complications. It clearly outlines the reasons for cancellation, provides relevant details such as the property address, loan number, and borrower's name, and emphasizes the client's rights and obligations in this situation. 2. Early Cancellation of Deed of Trust: Sometimes, clients may request an early cancellation of a Deed of Trust due to successful loan repayment or refinancing. Kings New York offers a particular Sample Letter for this purpose, highlighting the client's financial achievement and ensuring all legal requirements are met. It may include a statement that no further obligations or mortgage payments are expected. 3. Deed of Trust Cancellation due to Full Loan Repayment: This Sample Letter is used when the client has successfully repaid the entire loan amount secured by the Deed of Trust. It acknowledges the client's financial responsibility and informs them about the necessary steps to collect the Deed of Trust and release any related liens. It may also outline the timeframe within which the client can expect to receive the cancelled Deed of Trust documents. 4. Prepayment Penalty Waiver and Cancellation: In some cases, clients may incur prepayment penalties for early loan repayment. This particular Sample Letter acknowledges the client's request to waive such penalties and proceed with the cancellation of the Deed of Trust. It includes precise calculations of the prepayment penalty amount waived and additional information about the client's rights and obligations in regard to the cancellation. Kings New York takes pride in providing comprehensive and personalized legal services to meet their clients' specific needs. Their Sample Letters regarding the cancellation of Deed of Trusts are designed to assist clients in understanding the process and ensuring a transparent and efficient resolution to their mortgage-related matters.