You need to write the Foreclosure letter to the branch manager. Also, make sure you state the reason for foreclosure very clear and concise.This article will provide you with the format and samples for a loan foreclosure request letter format and help you write a good letter. The person applying for the closure of the loan account will have to state the reason behind the closure and follow the format for writing the letter. We offer competitive rates and flexible terms. Funds are limited and lenders should only reserve funds for loans expected to close. The amount of debt forgiven or cancelled will be shown in box 2. Personal Loan Closure Letter Format​​ I am writing this letter to request you to close my personal loan account with the number 1526xxxxx4656.