Instructions & a Sample of a Guaranteed by Bank Letter
SAMPLE BANK LETTER OF GUARANTEED PAYMENT ON YOUR BANKS LETTERHEAD. NOTE: (BANK LETTER MUST BE IDENTICAL TO THE FOLLOWING OR BIDDER # WILL NOT BE ISSUED.)
If your bank refuses to write the letter below containing duplicate language,Please bring CASH.
A Letter stating that you are a valued customer, a letter of credit or a bank statement is NOT an acceptable form of guaranteed payment.
The Seller Has Requested That No Exceptions Be Allowed For Any Reason
Bank Name On Letterhead ___________________________________
Date ________________
To: Michael P. Purcell
As Agent For The Secured Creditor Or Owner
Re: Your Company or Personal Name
To Whom It May Concern:
This letter shall serve as notification that our lending institution shall guarantee and irrevocably honor payment in full on any check written by (BIDDERS NAME) up to the amount of
(AMOUNT TO BE GUARANTEED) and drawn on this bank’s account number (BIDDERS ACCOUNT NUMBER). This guarantee is for
purchases on (DATE OF AUCTION)
Sincerely,
_____________________________ __________________________
Bank Officers Signature & Title Direct Phone Number
______________________________
Print Name & Title
