August 27, 2024
Victor Herbert XXXXX and Karen Davis XXXXX
USA
Dear Owner(s):
As you requested. enclosed are the deed in lieu of foreclosure documents that you need to review and sign to transfer your above referenced Vacation Ownership Interest (“VOI”). You must sign each document that requires your signature exactly as your name is typed and the documents cannot be altered or changed in any way. You must sign some of the documents in the presence of a Notary Public, which typically can be located in a bank, law office or real estate office. Failure to sign the documents as instructed will result in lengthy delays in processing the deed in lieu of foreclosure, or the cancellation of the transaction.
1. Warranty Deed (Special Warranty Deed): Please sign exactly as your name is typed in the space provided in front of two (2) witnesses and a Notary Public. Please also fill in the date where applicable. In addition to providing signatures, witnesses must also print their names on the line where indicated in the presence of a Notary Public. The Notary Public can serve as one witness, but the Notary Public must sign twice, once as a notary and once as a witness. Grantors cannot sign as witness. If you are signing while you are outside of the United States, you must sign the deed in lieu of foreclosure in the presence of one of the officers listed on the enclosed Instructions for Signing and Acknowledgment of Documents in Foreign Countries.
2. Deed-in-Lieu of Foreclosure Agreement: Please sign exactly as your name is typed in the space provided in front of a Notary Public and fill in the date in the first paragraph. If you are signing while you are outside of the United States, you must sign the lien affidavit In the presence of one of the officers listed on the enclosed Instructions for Signing and Acknowledgment of Documents in Foreign Countries.
3. General Release: You should review the entire document. Please sign exactly as your name is typed in the space provided on the last page and insert the date you executed this document. No notary acknowledgment is needed.
Please note that the deed in lieu of foreclosure is being offered contingent upon receipt and examination of a title search being completed to confirm good and marketable title (without any liens, judgments or encumbrances). If we discover a lien, judgment or other encumbrance in the title search, we may ask you to execute and notarize additional documents or we may cancel this transaction and not record the deed in lieu of foreclosure.
You have 30 days from the date of this letter to propedy execute and return the documents to our office to XXXXX XXXXX XXXXX If you fail to return the documents within the allotted time frame, foreclosure proceedings will begin on your account. Should you have any questions with regards to this matter, please feel free to contact us at XXXXX or direct at XXXXX XXXXX .
Your cooperation and assistance in resolving this ma:ter is greatly appreciated.
Sincerely,
XXXXX PORTFOLIO SERVICES, INC.
Default Administration
FAIR DEBT COLLECTION PRACTICES ACT DISCLOSURE
Pursuant o 15 U.S.C. §1692{e)(11) you are hereby notifiedt hat this communicationis made in an attemptt to collect a debt and any information obtained will be used for that purpose. We are required by the laws of certain states to inform you that this letter is for the purpose of attempting to collect a debt and any information obtained will be used for that purpose. We may be considered a debt collector under the laws of certain states.
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