[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Re: 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. I am writing to provide you with an update regarding the agreed relinquishment of security and right to redeem in relation to [specific property/address]. Firstly, I would like to express my gratitude for addressing our previous concerns, and working towards a resolution concerning the aforementioned matter. We appreciate your cooperation throughout this process. As per our discussions and agreements, we have cooperatively worked towards the agreed relinquishment of security and right to redeem. However, I am writing to request an official confirmation of the current status of this transaction to ensure transparency and accurate records. Additionally, I would like to bring to your attention a recent development. Due to extraordinary circumstances, we are respectfully requesting to lift the automatic stay that was initially imposed on [specific date] [if applicable, provide additional details/explanation]. The continuance of this stay is causing undue financial hardship and delays in progressing towards a resolution. Our legal team has reviewed the situation extensively, and based on their advice, we believe that lifting the automatic stay would be in the best interest of both parties involved. We kindly request your prompt attention to this matter to avoid any further unnecessary delays. To facilitate the process, we have provided all necessary documentation as attachments to this correspondence. These documents include copies of previous agreements, supporting evidence, and any other relevant paperwork required to ascertain the current status and lift the automatic stay promptly. I kindly ask that you acknowledge receipt of this letter within [specific time frame, e.g., 10 business days]. Your timely response will be greatly appreciated, as it will enable us to move forward with the necessary actions to expedite the resolution. Should you require any additional information or documentation, please do not hesitate to contact me at [your phone number] or via email at [your email address]. Thank you for your attention to this matter. We look forward to your prompt response and a speedy resolution. Yours sincerely, [Your Name]