Santa Clara California Sample Letter for Notice of Sale to Junior Lien Holder

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• County: Santa Clara
• 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 Code] [Email Address] [Phone Number] [Date] [Junior Lien Holder's Name] [Junior Lien Holder's Address] [City, State, Zip Code] 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 about an upcoming sale of the property located at [Property Address] in Santa Clara, California, to satisfy the outstanding debt secured by the junior lien held by your organization. As you may be aware, the property has been subject to a lien in the [Loan/Lien Type: Mortgage, Deed of Trust, etc.] held by [Junior Lien Holder's Organization Name] since [Date]. Despite our continuous attempts to resolve the unpaid debt, the borrower has failed to fulfill their obligations under the terms and conditions of the loan agreement and subsequent notices of default. After diligent efforts to provide the borrower with an opportunity to cure their default, we have been left with no alternative but to proceed with the foreclosure process. Pursuant to the laws governing foreclosure in Santa Clara, California, the sale of the property is scheduled to take place on [Sale Date] at [Sale Time] at the following location: [Sale Location]. The outstanding balance, including principal, interest, late charges, penalties, and costs, as of the date of this notice is [Outstanding Debt Amount]. We kindly request that you provide us with the exact amount due, which may have changed since the last correspondence between our organizations. In accordance with the California Civil Code Section 2924b, we are legally obligated to notify you as the junior lien holder regarding this impending sale. We would like to encourage your participation in the sale process and invite you to attend the auction if you wish to protect your interest in the property. To ensure a smooth transition of ownership, we kindly request that you provide us with any additional information or documentation required by your organization. This may include a statement of any interest you may have in the property, outstanding balance details, or potential bids you may be considering to preserve your position as the junior lien holder. Please be advised that the successful bidder at the sale will receive ownership of the property in its current as-is condition, and the junior lien will be extinguished. If the sale proceeds fall short of satisfying the outstanding debt, your lien will not be reinstated. We appreciate your prompt attention to this matter and any cooperation you can offer during this process. Should you have any questions or require further information, please do not hesitate to contact me via phone or email provided above. Thank you for your cooperation and understanding. Sincerely, [Your Name] [Your Title/Position] [Your Organization Name] [Your Organization's Address] [City, State, Zip Code]

[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] 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 about an upcoming sale of the property located at [Property Address] in Santa Clara, California, to satisfy the outstanding debt secured by the junior lien held by your organization. As you may be aware, the property has been subject to a lien in the [Loan/Lien Type: Mortgage, Deed of Trust, etc.] held by [Junior Lien Holder's Organization Name] since [Date]. Despite our continuous attempts to resolve the unpaid debt, the borrower has failed to fulfill their obligations under the terms and conditions of the loan agreement and subsequent notices of default. After diligent efforts to provide the borrower with an opportunity to cure their default, we have been left with no alternative but to proceed with the foreclosure process. Pursuant to the laws governing foreclosure in Santa Clara, California, the sale of the property is scheduled to take place on [Sale Date] at [Sale Time] at the following location: [Sale Location]. The outstanding balance, including principal, interest, late charges, penalties, and costs, as of the date of this notice is [Outstanding Debt Amount]. We kindly request that you provide us with the exact amount due, which may have changed since the last correspondence between our organizations. In accordance with the California Civil Code Section 2924b, we are legally obligated to notify you as the junior lien holder regarding this impending sale. We would like to encourage your participation in the sale process and invite you to attend the auction if you wish to protect your interest in the property. To ensure a smooth transition of ownership, we kindly request that you provide us with any additional information or documentation required by your organization. This may include a statement of any interest you may have in the property, outstanding balance details, or potential bids you may be considering to preserve your position as the junior lien holder. Please be advised that the successful bidder at the sale will receive ownership of the property in its current as-is condition, and the junior lien will be extinguished. If the sale proceeds fall short of satisfying the outstanding debt, your lien will not be reinstated. We appreciate your prompt attention to this matter and any cooperation you can offer during this process. Should you have any questions or require further information, please do not hesitate to contact me via phone or email provided above. Thank you for your cooperation and understanding. Sincerely, [Your Name] [Your Title/Position] [Your Organization Name] [Your Organization's Address] [City, State, Zip Code]