How can we help you today? We have included some samples of foreclosure letters, as well as some examples of house loan foreclosure letter formats, to make things easier.IDFC Foreclosure Letter - Free download as Word Doc (. There are no foreclosure charges for IDFC Bank personal loans. You need to submit the sanction letter at the time of loan foreclosure. IDFC FIRST Bank's customer portal or mobile app often provides an exact foreclosure amount for your loan. The bank will inform you about your eligibility immediately. In the event of the Borrower failing to pay the monies referred to above, the Bank shall be at liberty (but shall not be obliged) to pay the same. After the salutations, you will add the main body of your loan foreclosure letter. The sanction letter serves as a confirmation that the borrower's loan application has been approved.