This article will provide you with the format and samples for a loan foreclosure request letter format and help you write a good letter. You need to write the Foreclosure letter to the branch manager.Also, make sure you state the reason for foreclosure very clear and concise. I am Mayank Sharma, and I am writing this letter to request you to close my car loan for my account number 12xxxxxxxx78. You should briefly describe the facts or events that had a negative financial impact on you in simple, straightforward, and specific terms. A Letter of Explanation (LOE), adds more detail about your financial situation. Find out how to write an LOE and when you might need one. What is the format of foreclosure letter for home loan? Getting a small Business Loan is very common now these days. Your letter should start with an introduction of who you are and what kind of loan you are applying for.