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Document: Letter to purchase a mortgage in default.

<<COMPANY INFO HERE>>
December 2, 2005

VIA FACSIMILE <<ATTORNEY PHONE>>
<<PLAINTIFF>>
<<DEFENDANT>>
<LOAN NUMBER>>

Dear <<ATTORNEY>>:

I spoke with my investors about this loan and due to the nature of this lien and it’s position they are only willing to pay your client <<MORTGAGE HOLDER>>. $XX,XXX.XX for the note and assignment of mortgage. This can be funded immediately after our attorney’s review of title and foreclosure proceedings.
If this offer is acceptable to your client, please fax me a letter of confirmation to <<FAX NUMBER>>. If you have any questions regarding this matter please do not hesitate to contact me at the numbers provided above.

Sincerely,.

____________________
By: Jeffrey Posner
Foreclosure/Bankruptcy Division
<<COMPANY INFO HERE>>

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