TRUST DEED FORECLOSURE - Professional Liability Fund

SAMPLE 3 - 30-DAY DEMAND LETTER (step 2)[Date]CERTIFIED MAILRETURN RECEIPT REQUESTED[Name and Address]Re:[Insert appropriate information]Dear [Name]:This firm represents [insert client name(s)] (["creditor"]). The [creditor] has requested this firm'sassistance in enforcing the terms of your loan agreement. The [creditor's] records indicate that you are indefault under the terms of the loan agreement. To bring your loan balance current, you must pay to the[creditor], on or before [date], the sum of $[amount], as itemized below:1. Payments: $ [amount]2. Late Charges: $ [amount]3. Taxes & Insurance: $ [amount]4. Foreclosure Guarantee: $ [amount]5. Attorney Fees: $ [amount]Total:$ [amount]If the default described above is not cured on or before [date], then the [creditor] will accelerate thebalance due without further notice to you and may invoke its power of sale. If you fail to cure the currentdefault immediately, on [date], the balance due will be approximately $[amount]. This amount is inaddition to the foreclosure guarantee and attorney fees set forth above, as well as interest whichcontinues to accrue in accordance with the loan agreement, and additional attorney fees and costs.[IF LOAN DOCUMENTS REQUIRE IT, INCLUDE THIS PARAGRAPH: As provided by the terms of yourloan agreement, you may have the right to reinstate your loan with the [creditor] after acceleration andyou have the right to bring a court action to assert the non-existence of a default or any other defense youmay have to acceleration and sale.][FOR CONSUMER CASES ONLY]This communication is an attempt to collect a debt. Any information obtained will be used for thatpurpose. Unless you notify us within 30 days after receiving this letter that you dispute the validity of thedebt, or any portion of it, we will assume the debt is valid. If you notify us, in writing, within 30 days afterreceipt of this letter that you do dispute the debt or any portion of it, we will provide verification by mailingyou a copy of the records. If you so request, in writing, within 30 days after receipt of this notice, we willprovide you with the name and address of the original creditor if different from the current creditor.Please give this matter your immediate attention.Very truly yours,[Lawyer's Name]cc:[client name(s)](Attn: [name])[First Class Mail]Page 11 of 41 [Rev. 7/2012]PROFESSIONAL LIABILITY FUND (TRUST DEED FORECLOSURE CHECKLIST.DOC)