Letter request of redemption statement by gmmizi

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									To: Bank Dear Sir, RE : REQUEST FOR REDEMPTION STATEMENT CUM LETTER OF UNDERTAKING SALE AND PURCHASE AGREEMENT DATED ………………………. PROPERTY : VENDOR : PURCHASER :

We refer to the above matter wherein we have been authorized by the Vendor to act on his behalf (we enclosed herewith a copy of the Vendor’s letter of authorization dated ………………………………….. for us to act on his/her/their behalf). We understand that the abovesaid Property is presently assigned/charged to you in respect of a loan granted to the Vendor. We would be grateful if your goodselves could please let us have the redemption statement (for six months in advance) cum letter of undertaking addressed directly to the Purchaser’s Financier ………………………………………………………………………………………….................. (“the Purchaser’s Financier”) for our onward transmission as follows:i) upon receipt of the redemption sum, to forward to us the duly executed Discharge of Charge, Original Loan Agreement, Original issue document of title, Original Sale and Purchase Agreement and any other relevant documents pertaining thereto within seven (7) days of upon receipt of the redemption sum; to refund the full redemption sum so released to you in the event that the Discharge of Charge cannot be registered/perfected for any reason whatsoever; and that the above Property is not currently subject to any order for sale proceedings or any prohibitory order or caveat.

ii)

iii)

Kindly acknowledge receipt on the duplicate copy hereof for our record. We await your early reply. Thank you.

Yours sincerely, for ………………….

c.c. client


								
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