What does legal notice enclosed mean?
What does legal notice enclosed mean?
Legal notice is simply the requirement that a party must be furnished with sufficient knowledge concerning the legal processes that affect his rights and duties or obligations. In other words, it is a way of notifying individuals or organisations about a matter by using a method required by the law courts.
How do you give a legal notice to a property?
There is no specific procedure to issue a legal notice. The notice can also be personally tendered to the opposite party, as long as the opposite party is willing to receive it and sign an acknowledgment of its receipt. There is no compulsion to send a legal notice only through a Registered A.D. or through a courier.
What should I do if I receive a foreclosure notice?
Make the Call. Call your bank or mortgage lending company immediately after you receive a foreclosure notice.
What happens if you receive a foreclosure notice?
If you receive a foreclosure notice in the mail, it means you’ve fallen far enough behind in your mortgage payments that your lender intends to take your property and sell it off unless you make up the late payments.
Can I sell a house after receiving a foreclosure notice?
You can sell your home after receiving a foreclosure notice as long as you find a buyer in time. Foreclosure lengths differ by area and foreclosure type. Judicial foreclosures, done through court, usually take longer than nonjudicial foreclosures.
What is a notice of intention to foreclose?
The notice of intent to foreclose is a legal document which informs the borrower that the lender intends to terminate the owner’s rights to his house or property. This is also called as foreclosure notice which also signals the beginning of a foreclosure process.
