Houston Texas Sample Letter for Notice of Sale to Junior Lien Holder

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• City: Houston
• Control #: US-0723LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP] Re: Notice of Sale to Junior Lien Holder Dear [Junior Lien Holder's Name], I hope this letter finds you well. I am writing to inform you that as the primary lien holder on the property located at [Property Address], I have initiated the sale process due to the borrower's default on the loan agreement. Houston, Texas is a vibrant city known for its diverse culture, thriving economy, and rich history. As the fourth-largest city in the United States, Houston offers numerous opportunities for business, education, and entertainment. From its renowned museums and theaters to its world-class medical institutions and professional sports teams, Houston has something to offer for everyone. Regarding the property at [Property Address], it is crucial to inform you that the borrower, [Borrower's Name], has fallen into arrears on their mortgage payments, and after extensive efforts to rectify the situation, their financial circumstances have not improved. As a result, I have decided to exercise my right as the superior lien holder and proceed with the sale of the property. The sale of the property is scheduled to take place on [Sale Date] at [Sale Time], at [Sale Location]. This is an opportunity for you, as the junior lien holder, to participate in the sale and potentially receive a portion of the proceeds. According to my records, your lien is of secondary priority to mine, and it is essential that you receive this notice in a timely manner to protect your interests. As a junior lien holder, you have the right to redeem the property by paying off the outstanding mortgage balance before the scheduled sale. I kindly request that you review your records and assess your options regarding the property. If you wish to participate in the sale, please contact me at your earliest convenience, preferably before [Deadline Date], to discuss the necessary procedures and any additional documentation required. Please note that if no action is taken within the specified timeframe, the sale will proceed, and any interest or claims you have on the property will be subject to the terms of the finalized sale. Should you have any questions or concerns or require further information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Thank you for your prompt attention to this matter. I look forward to your response. Yours sincerely, [Your Name] [Your Title/Position (if applicable)] [Your Company Name (if applicable)]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, ZIP] Re: Notice of Sale to Junior Lien Holder Dear [Junior Lien Holder's Name], I hope this letter finds you well. I am writing to inform you that as the primary lien holder on the property located at [Property Address], I have initiated the sale process due to the borrower's default on the loan agreement. Houston, Texas is a vibrant city known for its diverse culture, thriving economy, and rich history. As the fourth-largest city in the United States, Houston offers numerous opportunities for business, education, and entertainment. From its renowned museums and theaters to its world-class medical institutions and professional sports teams, Houston has something to offer for everyone. Regarding the property at [Property Address], it is crucial to inform you that the borrower, [Borrower's Name], has fallen into arrears on their mortgage payments, and after extensive efforts to rectify the situation, their financial circumstances have not improved. As a result, I have decided to exercise my right as the superior lien holder and proceed with the sale of the property. The sale of the property is scheduled to take place on [Sale Date] at [Sale Time], at [Sale Location]. This is an opportunity for you, as the junior lien holder, to participate in the sale and potentially receive a portion of the proceeds. According to my records, your lien is of secondary priority to mine, and it is essential that you receive this notice in a timely manner to protect your interests. As a junior lien holder, you have the right to redeem the property by paying off the outstanding mortgage balance before the scheduled sale. I kindly request that you review your records and assess your options regarding the property. If you wish to participate in the sale, please contact me at your earliest convenience, preferably before [Deadline Date], to discuss the necessary procedures and any additional documentation required. Please note that if no action is taken within the specified timeframe, the sale will proceed, and any interest or claims you have on the property will be subject to the terms of the finalized sale. Should you have any questions or concerns or require further information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. Thank you for your prompt attention to this matter. I look forward to your response. Yours sincerely, [Your Name] [Your Title/Position (if applicable)] [Your Company Name (if applicable)]