Subject: Wake, North Carolina — Important Notice of Sale to Junior Lien Holder Dear [Junior Lien Holder's Name], We hope this letter finds you in good health and high spirits. We, [Your Name or Company's Name], are writing to formally notify you regarding an impending sale that involves a property located in Wake, North Carolina, which you have an active junior lien on. It is our responsibility to ensure that you receive timely information pertaining to the legal proceedings taking place. As the junior lien holder, it is crucial for you to be aware of this upcoming sale in order to protect your rights and interests. With this notice, we aim to provide you with all the necessary details and ensure transparency throughout the process. Description of the Property: The property in question is located within the city of Wake, North Carolina, and is described as follows: — Address: [Property Address— - Legal Description: [Provide accurate legal description if applicable] — Parcel Number: [Parcel Number, if applicable] — County: Wake Nature of Sale: The primary mortgage lender, holding the senior lien on the aforementioned property, has initiated foreclosure proceedings due to the borrower's failure to meet their financial obligations. As a junior lien holder, your interest in the property is subordinate to the senior lien holder. Name of Senior Lien Holder: [Senior Lien Holder's Name] Original Loan Amount: [Original Loan Amount] Current Outstanding Loan Amount: [Current Outstanding Loan Amount] Notice of Sale: Please be advised that a public auction will be held to sell the foreclosed property to the highest bidder. The sale will be conducted in accordance with the rules and regulations of Wake County, North Carolina. Date and Time of Sale: [Date and Time] Location: [Auction Venue] Your Rights and Responsibilities: 1. Attend the Auction: As a junior lien holder, you have the right to attend the auction and bid on the property. However, it is vital to conduct your own research and due diligence before participating in a foreclosure auction. 2. Protect Your Interest: In light of the potential sale, we strongly recommend seeking legal counsel to discuss your options and safeguard your investment. Additional Types of Wake, North Carolina Sample Letters for Notice of Sale to Junior Lien Holder: — Wake, North Carolina Sample Letter for Postponement of Sale to Junior Lien Holder — Wake, North Carolina Sample Letter for Notice of Redemption Period to Junior Lien Holder Please note that the above-listed sample letters may come in handy during various stages of the foreclosure process, ensuring that you are well-informed and prepared to make informed decisions. While we endeavor to provide accurate information and guidance, we highly encourage you to consult with an attorney or a reputable real estate professional to fully understand your rights and the potential implications of the upcoming sale. If you have any further inquiries or require additional documentation related to the foreclosure proceedings, please do not hesitate to reach out to us directly. It is our priority to assist you and resolve any concerns promptly. Thank you for your attention to this matter. Sincerely, [Your Name or Company's Name] [Contact Information]
Wake North Carolina Sample Letter for Notice of Sale to Junior Lien Holder
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