Letter - NOTICE OF INTENTION TO FORECLOSE
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Writing well, just like speaking well is a valuable communication skill especially when it comes to business matters.
Business letters tend to be more formal and are often sent to people we don’t know. They need to convey the right tone - whether it be authority, disagreement, satisfaction or gratitude.
Whenever you write to a prospect, customer, supplier or an employee it is vital to present a professional document so you can make the right impression.
To get you started, we've prepared a list of standard business letter templates. You can use them freely for your own use with our compliments.
You are not permitted to reproduce these letters on any medium for public display or re-sale.
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To ___________________________________________________________, Debtor
You are hereby notified that the undersigned intends to foreclose under provision of that certain Agreement executed by you on the _________ of _________ 20 __, whereby certain personal property described as follows was given as security for the payment of indebtedness to Secured Party named below.
You are hereby further notified that unless you pay, within __ days from the date hereof, to the undersigned, holder and owner of the said Agreement, at their office address, which is listed below, the sum of ($----), all of which is now due and payable pursuant to the conditions of said Agreement, plus charges at the rate provided for in said Agreement, from date hereof to date of payment, SECURED PARTY SHALL TAKE POSSESSION OF SAID PROPERTY. Further, if said property sells for less than the amount then due under terms of the Agreement, you will be obligated to pay the deficiency.
Dated __________________ _______________________________ SECURED PARTY
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