IRS Notice Letter
[Date]
District Director
Internal Revenue Service
[Address]
Attention: Technical Support Group Manager
Re: Notice of nonjudicial foreclosure sale on property
Taxpayer:
[Salutation]
This letter is notice as required under section 7425 of the Internal Revenue Code and Treasury Regulations section 301.7425–3(a) that property encumbered by a deed-of-trust lien granted by [name of borrower] is being nonjudicially foreclosed pursuant to the authority granted in the deed of trust. [Name of mortgagee], holder of the deed-of-trust lien, gives notice of the proposed nonjudicial sale of the property.
1.Name and Address of Creditor. The name and address of the person for whom this notice is submitted is [name of mortgagee]. This creditor is the current owner and holder of the deed of trust and the promissory note[s] secured by it, which are described as follows: [describe deed of trust and promissory note[s]].
2.Tax Lien Descriptions. A copy of each of the following notices of federal tax lien potentially affecting the property to be sold is enclosed:
Place filed: [county] County, Texas
Date filed:
Recording data:
Tax amount:
Taxpayer:
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Repeat above information as needed. |
3.Description and Location of Property. A detailed description, including location of the property affected by this notice, is [include property description and any other relevant data].
The street address of the property is [address].
4.Date, Time, and Place of Foreclosure Sale. The date, time, place, and terms of the proposed sale are as follows:
Date:
Time: Between the hours of 10:00 a.m. and 4:00 p.m. and to begin no earlier than [time] and no later than three hours thereafter.
Place:
Terms: To the highest bidder for cash.
5.Debt. The approximate amount of the principal obligation, including interest, secured by the lien sought to be enforced and a description of the other expenses (such as legal expenses and selling costs) that may be charged against the sale proceeds are as follows:
Principal balance:
Interest through [date]:
Daily accrual:
Legal and sale expenses: Estimated range of expenses is from $[amount] to $[amount].
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Include the following if applicable. |
6.Property within District. The property within your district is referred to in the mortgagee title policy held by [name of mortgagee], which covers the tract and related improvements and which has been included if available.
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Continue with the following. |
7.Acknowledgment of Notice Requested. Please acknowledge receipt of this notice by returning a file-stamped copy of this letter in the enclosed envelope. If you have any questions, please do not hesitate to call.
Sincerely yours,
[Name of attorney]
c: [name of client]