Sample Foreclosure Letter – Best Letter Formats For a Foreclosure Letter

Foreclosure Letter is one that is to be written by the homeowner and submitted to the mortgage company for a plea to avoid foreclosure. This is the form of first communication on your behalf . It must comprise of all the problems you are facing and their reasons. The financial excuse serves as the right plea. The company considers your case fit for a ‘work out’ only on the behalf of this letter.

Sample Foreclosure Letters:

Sample letter # 1

Jack Smith

911 Anywhere Street

Somewhere town, State 12345

Ph.: 123789234, [email protected]

Adam Jones

Some Town Lender

911 Anywhere Street

Somewhere town, State 12345

Loan Number: 1125647 Loan Modification

Today’s Date

Dear Mr. Jones,

I request you to grant me an opportunity of loan modification as I am running behind in my mortgage payments.

The route cause of the lapse is the sudden death of my wife. She was employed well enough, and her death has reduced my earnings to half. Besides, I could not pay much attention to the financial issues owing to the emotional setback. I guess I won’t be able to pay the total mortgage in the current monthly payments. I intend to pay them but do not have the resources.

Kindly grant me a temporary reduction or a suspension of the payments just for a few months. I shall balance the finances in this time lap. I request you to help me as this house holds immense emotional value for me. Hence, I indeed insist to save the foreclosure. Kindly, advise me on all the possible options available at the earliest convenience. I am anxious to reach to an agreement and would appreciate a prompt response.

Yours respectfully

Jack Smith

Signature of Jack Smith

Loan No.: 1125647

Address: 911 Anywhere Street, Some Where town, State 12345

Ph.: 123789234, [email protected]

Sample letter # 2

Mona Jones

911 Anywhere Street

Some Where town, State 12345

Ph.: 123789234, [email protected]

Shalga Morne

Some Town Lender

911 Anywhere Street

Somewhere town, State 12345

Loan Number: 1125647 Loan Modification

Today’s Date

Dear Ms. Morne,

I hereby apologize for the default in my mortgage payments. I have suddenly lost my job and so can not manage the income. I request you to consider my case for a work out.

The factory I worked in accidentally got burnt down. Now the owners have declared bankruptcy. Since last 2 months, I have not got my salary. I’m trying for the job else where but they require some papers for the legal issues. My employers have yet not issued those documents. Hence, I am not able to fetch a job. The crisis would get resolved in 2-3 months.

I request you to consider my case for a temporary reduction or the suspension of my payments just for a few months. I shall get back on track in this time. I am keen to avoid the foreclosure. Please, help me with all applicable options for the same. I’m anxious to get on an agreement. I shall wait for the earliest response.

Yours respectfully

Mona Jones

Signature of Mona Jones

Loan No.: 1125647

Address: 911 Anywhere Street, Some Where town, State 12345

Ph.: 123789234, [email protected]