Suffolk New York Sample Letter for Notice of Sale to Junior Lien Holder

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• County: Suffolk
• 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. Subject: Important Notice of Sale to Junior Lien Holder — Property Located in Suffolk, New York [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 for Property Located in Suffolk, New York — Junior Lien Holder's Interest Dear [Junior Lien Holder's Name], I am writing this letter to provide you with formal notice regarding the upcoming sale of a property located in Suffolk, New York, for which you hold a junior lien. Our records indicate that you have a lien in the amount of [mention the exact amount of the lien] against the property with the details as follows: Property Address: [Property Address] Owner's Name: [Owner's Name] Junior Lien Holder: [Your Company Name] Pursuant to the provisions of the New York State Law regarding foreclosure and lien enforcement, please be advised that the property mentioned above will be sold through a public auction on [mention the date of the auction], at [mention the location of the auction]. The purpose of this letter is to formally inform you of the pending sale and offer you an opportunity to cure the outstanding debt or exercise any legal rights you may possess. If you wish to pursue these options, please contact me immediately at the address or phone number mentioned above. Please take note that if the outstanding lien is not satisfied or appropriate legal action is not undertaken, your lien will be subordinate to the first lien holder, and any and all interests you hold in the property will be subject to foreclosure and extinguishment. Therefore, prompt action is strongly advised to protect your interest. Enclosed with this letter, you will find the necessary documentation related to the foreclosure process and sale. This includes a copy of the public auction notice and any other relevant information regarding the sale. Furthermore, we have attached a detailed breakdown of the outstanding debt owed by the borrower, which refers to both the primary mortgage holder and your junior lien. We recommend that you seek professional legal advice to ensure your full understanding of your rights and options in this matter. If you have any questions or require further information, please do not hesitate to contact me as soon as possible. Your immediate attention to this matter is greatly appreciated. We look forward to resolving this issue to everyone's satisfaction with your cooperation. Thank you for your prompt response. Yours sincerely, [Your Name] [Your Title/Position] [Your Company Name]

Subject: Important Notice of Sale to Junior Lien Holder — Property Located in Suffolk, New York [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 for Property Located in Suffolk, New York — Junior Lien Holder's Interest Dear [Junior Lien Holder's Name], I am writing this letter to provide you with formal notice regarding the upcoming sale of a property located in Suffolk, New York, for which you hold a junior lien. Our records indicate that you have a lien in the amount of [mention the exact amount of the lien] against the property with the details as follows: Property Address: [Property Address] Owner's Name: [Owner's Name] Junior Lien Holder: [Your Company Name] Pursuant to the provisions of the New York State Law regarding foreclosure and lien enforcement, please be advised that the property mentioned above will be sold through a public auction on [mention the date of the auction], at [mention the location of the auction]. The purpose of this letter is to formally inform you of the pending sale and offer you an opportunity to cure the outstanding debt or exercise any legal rights you may possess. If you wish to pursue these options, please contact me immediately at the address or phone number mentioned above. Please take note that if the outstanding lien is not satisfied or appropriate legal action is not undertaken, your lien will be subordinate to the first lien holder, and any and all interests you hold in the property will be subject to foreclosure and extinguishment. Therefore, prompt action is strongly advised to protect your interest. Enclosed with this letter, you will find the necessary documentation related to the foreclosure process and sale. This includes a copy of the public auction notice and any other relevant information regarding the sale. Furthermore, we have attached a detailed breakdown of the outstanding debt owed by the borrower, which refers to both the primary mortgage holder and your junior lien. We recommend that you seek professional legal advice to ensure your full understanding of your rights and options in this matter. If you have any questions or require further information, please do not hesitate to contact me as soon as possible. Your immediate attention to this matter is greatly appreciated. We look forward to resolving this issue to everyone's satisfaction with your cooperation. Thank you for your prompt response. Yours sincerely, [Your Name] [Your Title/Position] [Your Company Name]