TRUST DEED FORECLOSURE - Professional Liability Fund
TRUST DEED FORECLOSURE - Professional Liability Fund TRUST DEED FORECLOSURE - Professional Liability Fund
SAMPLE 21 - REINSTATEMENT LETTER (step 11)[Date][Grantor]Re:[Matter] [Loan No.]Dear [Name]:Our client, [name], is willing to allow reinstatement of the above loan if the following conditions are met:1. You must pay the entire delinquency plus foreclosure costs in full at the time ofreinstatement; and2. You must pay all future payments under the above loan to [client] on or before the datedue.The amount necessary to reinstate the loan as of the date of this letter is $[amount] and is computed asfollows:[number] monthly installments of $[amount] each (includes payments duethrough [date])[number] late charges of $[amount] each (includes late charge due for[date] payment)Service feePublication feePremium for foreclosure title reportPhotocopy expenseLong distance telephone expenseAnticipated cost to record Notice of RescissionAttorney feesTOTAL $The above amount must be paid to the beneficiary in cash, or by money order, cashier check, certifiedcheck, or other form of certified funds. The amount set out above is good through and including [date].[Client] has instructed us to continue with the foreclosure proceedings until you have paid the amountnecessary to reinstate the loan. [Client] will be incurring additional costs in connection with continuing theforeclosure proceedings and those additional amounts must also be paid on reinstatement. Finally, anadditional monthly installment of $[amount] must be paid if reinstatement is made after [date] and anadditional late charge of $[amount] must be paid if reinstatement is made after [date]. Therefore, whenyou have the approximate amount available to reinstate the loan, please call or write us, and we will giveyou the exact amount necessary to reinstate the loan as of that date. If reinstatement is not made within20 days of the date of this letter, [client]'s consent to reinstatement will be withdrawn. If you have anyquestions, please call or write us.Very truly yours,cc: [Client]$Page 32 of 41 [Rev. 7/2012]PROFESSIONAL LIABILITY FUND (TRUST DEED FORECLOSURE CHECKLIST.DOC)
SAMPLE 22 - PAY OFF LETTER (step 11)[Date][Name/Address]Re:[Matter]Dear [Name]:We represent [client]. We are writing this letter to you in accordance with the request of [name].The amount necessary to pay off the loan as of the date of this letter is $[amount], which is computed asfollows:Unpaid principal balance $Interest at [percent]% from [date] to [date]Late chargesReserve balanceService feePublication feePremium for foreclosure title reportPhotocopy expensePostageFee for recording ReconveyanceAttorney feesTOTAL $In addition to the above, interest accrues at the rate of $[amount] per day for each day after [date]. Theabove amount must be paid in cash, or by money order, cashier check, certified check, or other form ofcertified funds. Please make your check payable to [name of law firm] and send it to us at the aboveaddress.[Client] has instructed us to continue with the foreclosure proceedings until you have paid the amountnecessary to pay the loan in full. [Client] will be incurring additional costs and attorney fees in connectionwith continuing the foreclosure proceedings and those additional amounts will be added to the amountnecessary to pay off the loan. When you have the approximate amount available to pay off the loan,please call or write us, and we will give you the exact amount necessary to pay off the loan as of thatdate.When we receive the above amount, we will prepare and send you a Deed of Reconveyance.If you have any questions, please call or write us.Very truly yours,cc:[Client]Page 33 of 41 [Rev. 7/2012]PROFESSIONAL LIABILITY FUND (TRUST DEED FORECLOSURE CHECKLIST.DOC)
- Page 3 and 4: D. 2. Exemption Affidavit (if exemp
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- Page 8 and 9: Step 13: Closing File A. Letter to
- Page 10 and 11: SAMPLE 2 - LETTER TO TITLE COMPANY
- Page 12 and 13: SAMPLE 4 - DEFAULT LANGUAGE (step 4
- Page 14 and 15: SAMPLE 6 - NOTICE REQUIRED BY THEFA
- Page 16 and 17: Our check payable to your order in
- Page 18 and 19: SAMPLE 9 - LETTER TO ATTORNEY CONDU
- Page 20 and 21: SAMPLE 11 - LETTER TO NON-GRANTOR O
- Page 22: SAMPLE 13 - LETTER TO TITLE COMPANY
- Page 28: SAMPLE 17 - LETTER TO ATTORNEY COND
- Page 31: SAMPLE 20 - TRUSTEE’S SETOVER (st
- Page 36 and 37: Help Web site at http://oregon.gov/
- Page 38 and 39: FORECLOSURE DEADLINESDATE OF SALE:A
- Page 41: TYPE OF SERVICE: 1. PS = Personal S
SAMPLE 21 - REINSTATEMENT LETTER (step 11)[Date][Grantor]Re:[Matter] [Loan No.]Dear [Name]:Our client, [name], is willing to allow reinstatement of the above loan if the following conditions are met:1. You must pay the entire delinquency plus foreclosure costs in full at the time ofreinstatement; and2. You must pay all future payments under the above loan to [client] on or before the datedue.The amount necessary to reinstate the loan as of the date of this letter is $[amount] and is computed asfollows:[number] monthly installments of $[amount] each (includes payments duethrough [date])[number] late charges of $[amount] each (includes late charge due for[date] payment)Service feePublication feePremium for foreclosure title reportPhotocopy expenseLong distance telephone expenseAnticipated cost to record Notice of RescissionAttorney feesTOTAL $The above amount must be paid to the beneficiary in cash, or by money order, cashier check, certifiedcheck, or other form of certified funds. The amount set out above is good through and including [date].[Client] has instructed us to continue with the foreclosure proceedings until you have paid the amountnecessary to reinstate the loan. [Client] will be incurring additional costs in connection with continuing theforeclosure proceedings and those additional amounts must also be paid on reinstatement. Finally, anadditional monthly installment of $[amount] must be paid if reinstatement is made after [date] and anadditional late charge of $[amount] must be paid if reinstatement is made after [date]. Therefore, whenyou have the approximate amount available to reinstate the loan, please call or write us, and we will giveyou the exact amount necessary to reinstate the loan as of that date. If reinstatement is not made within20 days of the date of this letter, [client]'s consent to reinstatement will be withdrawn. If you have anyquestions, please call or write us.Very truly yours,cc: [Client]$Page 32 of 41 [Rev. 7/2012]PROFESSIONAL LIABILITY FUND (<strong>TRUST</strong> <strong>DEED</strong> <strong>FORECLOSURE</strong> CHECKLIST.DOC)
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