New Hampshire Sample Letter regarding Stop of Foreclosure Sale

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• Control #: US-0784LTR
• 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 Action Required: Request to Halt Foreclosure Sale in New Hampshire Dear [Lender's Name], I hope this letter finds you well. I am writing to address a matter of utmost urgency regarding my property in [City, County], New Hampshire, and the impending foreclosure sale scheduled to take place on [Date]. I have been diligently trying to resolve the current financial hardship that has led to this unfortunate situation. As a responsible homeowner, I am deeply invested in preserving my home and would like to explore all possible options to prevent the devastating consequences of foreclosure. Therefore, I kindly request your immediate attention to this matter and ask that you halt the foreclosure sale proceedings so that we can work together towards a mutually beneficial solution. Throughout the years, I have strived to maintain a good standing with your institution, making timely mortgage payments until this unexpected downturn in personal circumstances impacted my ability to do so. I firmly believe that open communication, negotiation, and cooperation can help us find a feasible resolution that satisfies both parties. Considering the unique nature of my case, it would be greatly appreciated if you could provide me with any alternative options available to save my home from foreclosure. Some potential measures that I believe could be explored include: 1. Loan Modification: This entails adjusting the terms of the current mortgage to lower my monthly payments and make them more manageable, allowing me to bring the loan current and continue making payments. 2. Forbearance Agreement: With temporary financial relief, I would be able to postpone or reduce payments for a specific period, helping me regain stability without exacerbating the foreclosure situation. 3. Repayment Plan: We could mutually create a revised payment schedule, allowing me to make regular installments towards the overdue amount in addition to regular mortgage payments, gradually bringing the account up-to-date. 4. Short Sale: If the property's fair market value is less than the outstanding mortgage balance, selling the property for an amount agreed upon by both parties could present a viable alternative to foreclosure. 5. Deed in Lieu of Foreclosure: Here, I would voluntarily transfer ownership of the property to your institution to avoid foreclosure proceedings, providing an opportunity for a more controlled resolution. I assure you of my commitment to resolving this matter swiftly and comprehensively. As requested by law, it is essential that you provide me with clear, written responses to my requests within the timeframe legally obligated under New Hampshire foreclosure laws. Please understand that I am eager to cooperate with you to find a mutually beneficial solution that allows me to regain financial stability while maintaining homeownership. I believe our collaboration can lead to a resolution that avoids the significant consequences of foreclosure. Attached to this letter, please find the required supporting documentation, including pertinent financial statements, proof of income, and any other additional information you may require. I look forward to your prompt response to this correspondence, and thank you for your attention in this matter. Should you need to discuss any aspect further or arrange a meeting, please do not hesitate to contact me at your earliest convenience. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address] Additional types of New Hampshire Sample Letters regarding Stop of Foreclosure Sale: 1. New Hampshire Sample Letter of Financial Hardship: Demonstrating the financial circumstances that have led to the inability to make regular mortgage payments. 2. New Hampshire Sample Letter Requesting Loan Modification: Specifically requesting the adjustment of loan terms to prevent foreclosure. 3. New Hampshire Sample Letter Requesting Forbearance Agreement: Seeking temporary financial relief and delayed or reduced payments to overcome financial difficulties. 4. New Hampshire Sample Letter Proposing Repayment Plan: Outlining a proposed schedule to gradually repay the overdue amount while making regular mortgage payments. 5. New Hampshire Sample Letter Requesting Short Sale: Expressing willingness to sell the property at an agreed price to avoid foreclosure. 6. New Hampshire Sample Letter Proposing Deed in Lieu of Foreclosure: Offering voluntary transfer of property ownership to the lender to avoid foreclosure proceedings.

Subject: Urgent Action Required: Request to Halt Foreclosure Sale in New Hampshire Dear [Lender's Name], I hope this letter finds you well. I am writing to address a matter of utmost urgency regarding my property in [City, County], New Hampshire, and the impending foreclosure sale scheduled to take place on [Date]. I have been diligently trying to resolve the current financial hardship that has led to this unfortunate situation. As a responsible homeowner, I am deeply invested in preserving my home and would like to explore all possible options to prevent the devastating consequences of foreclosure. Therefore, I kindly request your immediate attention to this matter and ask that you halt the foreclosure sale proceedings so that we can work together towards a mutually beneficial solution. Throughout the years, I have strived to maintain a good standing with your institution, making timely mortgage payments until this unexpected downturn in personal circumstances impacted my ability to do so. I firmly believe that open communication, negotiation, and cooperation can help us find a feasible resolution that satisfies both parties. Considering the unique nature of my case, it would be greatly appreciated if you could provide me with any alternative options available to save my home from foreclosure. Some potential measures that I believe could be explored include: 1. Loan Modification: This entails adjusting the terms of the current mortgage to lower my monthly payments and make them more manageable, allowing me to bring the loan current and continue making payments. 2. Forbearance Agreement: With temporary financial relief, I would be able to postpone or reduce payments for a specific period, helping me regain stability without exacerbating the foreclosure situation. 3. Repayment Plan: We could mutually create a revised payment schedule, allowing me to make regular installments towards the overdue amount in addition to regular mortgage payments, gradually bringing the account up-to-date. 4. Short Sale: If the property's fair market value is less than the outstanding mortgage balance, selling the property for an amount agreed upon by both parties could present a viable alternative to foreclosure. 5. Deed in Lieu of Foreclosure: Here, I would voluntarily transfer ownership of the property to your institution to avoid foreclosure proceedings, providing an opportunity for a more controlled resolution. I assure you of my commitment to resolving this matter swiftly and comprehensively. As requested by law, it is essential that you provide me with clear, written responses to my requests within the timeframe legally obligated under New Hampshire foreclosure laws. Please understand that I am eager to cooperate with you to find a mutually beneficial solution that allows me to regain financial stability while maintaining homeownership. I believe our collaboration can lead to a resolution that avoids the significant consequences of foreclosure. Attached to this letter, please find the required supporting documentation, including pertinent financial statements, proof of income, and any other additional information you may require. I look forward to your prompt response to this correspondence, and thank you for your attention in this matter. Should you need to discuss any aspect further or arrange a meeting, please do not hesitate to contact me at your earliest convenience. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address] Additional types of New Hampshire Sample Letters regarding Stop of Foreclosure Sale: 1. New Hampshire Sample Letter of Financial Hardship: Demonstrating the financial circumstances that have led to the inability to make regular mortgage payments. 2. New Hampshire Sample Letter Requesting Loan Modification: Specifically requesting the adjustment of loan terms to prevent foreclosure. 3. New Hampshire Sample Letter Requesting Forbearance Agreement: Seeking temporary financial relief and delayed or reduced payments to overcome financial difficulties. 4. New Hampshire Sample Letter Proposing Repayment Plan: Outlining a proposed schedule to gradually repay the overdue amount while making regular mortgage payments. 5. New Hampshire Sample Letter Requesting Short Sale: Expressing willingness to sell the property at an agreed price to avoid foreclosure. 6. New Hampshire Sample Letter Proposing Deed in Lieu of Foreclosure: Offering voluntary transfer of property ownership to the lender to avoid foreclosure proceedings.