You need to write the Foreclosure letter to the branch manager. Also, make sure you state the reason for foreclosure very clear and concise.If you believe that your home is no longer affordable and have exhausted all other options, you may consider a "Deed-in-Lieu of Foreclosure. 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. This article will provide you with the format and samples for a loan foreclosure request letter format and help you write a good letter. Tooltip: Please provide the total amount you would like to borrow. The format should be: 999,999.99. Please fill-out the Interest Form below, and our Member Service Center will reply to you in the next few business days. Personal Loan Closure Letter Format​​ I am writing this letter to request you to close my personal loan account with the number 1526xxxxx4656.