Guam Sample Letter to Foreclosure Attorney to Provide Verification of Debt and Cease Foreclosure

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• Control #: US-0509LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Subject: Urgent Request for Verification of Debt and Immediate Cessation of Foreclosure Proceedings — Guam [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Foreclosure Attorney's Name] [Attorney's Firm Name] [Address] [City, State, ZIP Code] Re: [Your Loan/Mortgage Account Number] Dear [Foreclosure Attorney's Name], I hope this letter finds you in good health. I am writing to bring to your attention a matter of significant importance regarding the foreclosure proceedings initiated by your client [Name of Lender/Financial Institution] against my property in Guam. I kindly request your immediate attention and cooperation in verifying the debt and halting the foreclosure process with the utmost urgency. Firstly, I would like to express my sincere dedication towards resolving the outstanding debt associated with my mortgage as soon as possible. However, before continuing with any foreclosure procedures, it is my legal right to request written verification of the alleged debt in accordance with the Fair Debt Collection Practices Act (FD CPA) and the rules and regulations set forth by the Guam Superior Court. To ensure compliance with the aforementioned acts, I kindly request that you provide the following documents within [mention a reasonable timeframe, e.g., 15 calendar days] to prove the existence and the accurate amount of the debt being claimed: 1. A copy of the original loan agreement, including all amendments and disclosures, signed by both parties. 2. A complete account statement indicating the full transaction history, including all payments and charges applied to the loan. 3. Any documentation regarding the transfer or assignment of the mortgage or loan servicing rights from the original lender to your client. 4. A detailed breakdown illustrating all fees, penalties, or additional charges associated with the alleged debt. 5. Proof of your client's legal ownership of the debt, demonstrating that they have the legal standing to initiate foreclosure proceedings. Please be aware that failure to provide the requested documentation within the stipulated time period will be considered a violation of my rights as a debtor, potentially subjecting your clients and yourselves to legal consequences, including sanctions. Moreover, I hereby request an immediate cessation of all foreclosure activities until proper verification of the debt has been provided, as required by law. This includes halting any ongoing judicial proceedings, postponing any scheduled foreclosure sale, and refraining from any communication, irrespective of the medium, which may negatively impact my rights or create unnecessary distress for my family. Given the utmost sensitivity of this matter, I kindly request that you contact me in writing within [mention a reasonable timeframe, e.g., 7 calendar days] to acknowledge the receipt of this letter, confirm the suspension of foreclosure activities, and assure me that all necessary steps will be taken to provide the requested verification of debt. I can be reached at the contact information provided above, and I sincerely hope for your prompt attention regarding this matter. Thank you for your cooperation and understanding. I anticipate receiving the requested documentation and a swift resolution to this issue. Yours sincerely, [Your Name]

Subject: Urgent Request for Verification of Debt and Immediate Cessation of Foreclosure Proceedings — Guam [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Foreclosure Attorney's Name] [Attorney's Firm Name] [Address] [City, State, ZIP Code] Re: [Your Loan/Mortgage Account Number] Dear [Foreclosure Attorney's Name], I hope this letter finds you in good health. I am writing to bring to your attention a matter of significant importance regarding the foreclosure proceedings initiated by your client [Name of Lender/Financial Institution] against my property in Guam. I kindly request your immediate attention and cooperation in verifying the debt and halting the foreclosure process with the utmost urgency. Firstly, I would like to express my sincere dedication towards resolving the outstanding debt associated with my mortgage as soon as possible. However, before continuing with any foreclosure procedures, it is my legal right to request written verification of the alleged debt in accordance with the Fair Debt Collection Practices Act (FD CPA) and the rules and regulations set forth by the Guam Superior Court. To ensure compliance with the aforementioned acts, I kindly request that you provide the following documents within [mention a reasonable timeframe, e.g., 15 calendar days] to prove the existence and the accurate amount of the debt being claimed: 1. A copy of the original loan agreement, including all amendments and disclosures, signed by both parties. 2. A complete account statement indicating the full transaction history, including all payments and charges applied to the loan. 3. Any documentation regarding the transfer or assignment of the mortgage or loan servicing rights from the original lender to your client. 4. A detailed breakdown illustrating all fees, penalties, or additional charges associated with the alleged debt. 5. Proof of your client's legal ownership of the debt, demonstrating that they have the legal standing to initiate foreclosure proceedings. Please be aware that failure to provide the requested documentation within the stipulated time period will be considered a violation of my rights as a debtor, potentially subjecting your clients and yourselves to legal consequences, including sanctions. Moreover, I hereby request an immediate cessation of all foreclosure activities until proper verification of the debt has been provided, as required by law. This includes halting any ongoing judicial proceedings, postponing any scheduled foreclosure sale, and refraining from any communication, irrespective of the medium, which may negatively impact my rights or create unnecessary distress for my family. Given the utmost sensitivity of this matter, I kindly request that you contact me in writing within [mention a reasonable timeframe, e.g., 7 calendar days] to acknowledge the receipt of this letter, confirm the suspension of foreclosure activities, and assure me that all necessary steps will be taken to provide the requested verification of debt. I can be reached at the contact information provided above, and I sincerely hope for your prompt attention regarding this matter. Thank you for your cooperation and understanding. I anticipate receiving the requested documentation and a swift resolution to this issue. Yours sincerely, [Your Name]