[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Foreclosure Attorney's Name] [Attorney's Firm] [Address] [City, State, ZIP] Subject: Payment Dispute regarding Foreclosure Proceedings Dear [Foreclosure Attorney's Name], I hope this letter finds you well. I am writing to address a payment dispute related to the foreclosure proceedings concerning my property in Nebraska. I kindly request your immediate attention and assistance in resolving this matter. Firstly, I want to express my utmost desire to fulfill my financial obligations and find a mutually agreeable solution. However, I have recently encountered certain challenges that have hindered my ability to make timely mortgage payments. I believe it is essential to clarify the specific issues and seek your guidance to work towards a resolution. To better understand the situation, I would appreciate a detailed breakdown of the outstanding payments that led to the initiation of foreclosure proceedings. Moreover, kindly provide a comprehensive explanation of any additional fees, interests, or charges incurred during this process. In an attempt to rectify the situation, I have gathered relevant documentation to support my claims of financial hardship. Enclosed with this letter, you will find bank statements, pay stubs, and any other relevant financial records demonstrating my current financial circumstances. Based on my research and knowledge of applicable Nebraska foreclosure laws, I understand that it may be possible to renegotiate the terms of the loan or explore alternative options to prevent the foreclosure and restore my financial position. I kindly request your assistance and expertise to explore these possibilities and develop a feasible repayment plan. Please consider arranging a meeting or phone call at your earliest convenience to further discuss this matter. I genuinely believe that by engaging in open and honest communication, we can find a fair resolution that satisfies all parties involved. I kindly request you to acknowledge receipt of this letter within five business days from the date of your received notification. This will allow me to ensure that our lines of communication are open and set the foundation for a productive dialogue. I appreciate your attention to this matter and look forward to resolving the payment dispute amicably and efficiently. I firmly believe that working together, we can avoid the unnecessary hardship of foreclosure and arrive at a solution that benefits both parties. Thank you for your understanding and cooperation. Sincerely, [Your Name]
Nebraska Sample Letter to Foreclosure Attorney - Payment Dispute
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FAQ
Nebraska also has judicial foreclosures, which allows mortgages that serve as liens on real property to be foreclosed through the courts. This method allows for a right to redemption and takes longer to put into effect. Non-judicial foreclosures require notice to be given once a default has occurred.
If you fall behind on your house payments in Nebraska, the bank can't initiate foreclosure proceedings immediately. Federal law typically gives you 120 days to bring the loan current or to work out another way to avoid losing the home. If you're not able to do so, the bank can start foreclosure proceedings.
Put your name, address, phone number, loan number, and date on the top of the letter. List the name and address of your lender. information about any money you have saved for a workout agreement. Tell the lender you are working with a foreclosure counselor and include their name and agency.
A Nebraska deed of trust (?trust deed?) is a legal form that transfers a property title from an owner (the borrower) to a neutral party (the trustee) as collateral for a real estate loan from a moneylender (the beneficiary). The title returns to the owner once they've paid back the loan in full to the beneficiary.
Under federal law, the servicer usually can't officially begin a foreclosure until you're more than 120 days past due on payments, subject to a few exceptions. (12 C.F.R. § 1024.41). This 120-day period provides most homeowners ample opportunity to submit a loss mitigation application to the servicer.
No Redemption Period After a Foreclosure Sale in Nebraska Some states have a law that gives a foreclosed homeowner time after the foreclosure sale to redeem the property. Under Nebraska law, though, foreclosed homeowners don't get a right of redemption after a nonjudicial foreclosure.
Most Nebraska foreclosures are non-judicial under power of sale in trust or deed, so the civil courts are not involved in the process. Instead, the mortgage holder has to give borrowers notice before any sale of the property can take place.
