New Mexico Sample Letter for Reinstatement of Loan

• Category: Letters - Loans and Lending - Reinstatements
• State: Multi-State
• Control #: US-0075LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Date] [Loan Service's Name] [Loan Service's Address] [City, State, ZIP] Subject: Request for Reinstatement of Loan Dear [Loan Service's Name], I am writing this letter to request the reinstatement of my loan with [Loan Service's Name]. I understand that my loan has been in a delinquent status, but I am now in a position to bring the loan current and resume regular payments. I acknowledge that I fell behind on my loan payments due to unforeseen circumstances [mention specific reason, if applicable — for example, medical expenses, job loss, etc.]. However, I have taken the necessary steps to rectify the situation and ensure that such difficulties will not arise again in the future. I would like to propose a reinstatement plan that will allow me to bring the loan current and resume regular payments, as per the terms of the original agreement. To achieve this, I request the following: 1. Loan Balance Recap: Please provide an updated loan balance, including principal, interest, and any applicable fees or charges. 2. Reinstatement Amount: I propose to pay the reinstatement amount in one lump sum, which will include any outstanding payments, interest, late fees, and any other applicable charges. This will bring the loan current as of the reinstatement date. 3. Payment Schedule: I request that my regular monthly payments be adjusted to reflect the current loan status. Please provide information regarding the revised payment amount and due date. 4. Escrow Account: If applicable, please provide details regarding the status of the escrow account, including any additional funds required to bring it current. I am committed to honoring my financial obligations and ensuring a successful reinstatement of my loan. I assure you that I will remain diligent in making all future payments on time. Furthermore, I understand that failure to comply with the agreed-upon terms may result in further consequences, including foreclosure. Furthermore, I kindly request that you consider my request for loan reinstatement and provide me with the necessary information and instructions to proceed. Furthermore, I am available at [Your Phone Number] or [Your Email Address] to discuss any further documentation or requirements necessary for this reinstatement process. Thank you for your attention to this matter. I look forward to your positive response and am hopeful for a mutually agreeable resolution. Sincerely, [Your Name] [Your Loan Account Number]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Loan Service's Name] [Loan Service's Address] [City, State, ZIP] Subject: Request for Reinstatement of Loan Dear [Loan Service's Name], I am writing this letter to request the reinstatement of my loan with [Loan Service's Name]. I understand that my loan has been in a delinquent status, but I am now in a position to bring the loan current and resume regular payments. I acknowledge that I fell behind on my loan payments due to unforeseen circumstances [mention specific reason, if applicable — for example, medical expenses, job loss, etc.]. However, I have taken the necessary steps to rectify the situation and ensure that such difficulties will not arise again in the future. I would like to propose a reinstatement plan that will allow me to bring the loan current and resume regular payments, as per the terms of the original agreement. To achieve this, I request the following: 1. Loan Balance Recap: Please provide an updated loan balance, including principal, interest, and any applicable fees or charges. 2. Reinstatement Amount: I propose to pay the reinstatement amount in one lump sum, which will include any outstanding payments, interest, late fees, and any other applicable charges. This will bring the loan current as of the reinstatement date. 3. Payment Schedule: I request that my regular monthly payments be adjusted to reflect the current loan status. Please provide information regarding the revised payment amount and due date. 4. Escrow Account: If applicable, please provide details regarding the status of the escrow account, including any additional funds required to bring it current. I am committed to honoring my financial obligations and ensuring a successful reinstatement of my loan. I assure you that I will remain diligent in making all future payments on time. Furthermore, I understand that failure to comply with the agreed-upon terms may result in further consequences, including foreclosure. Furthermore, I kindly request that you consider my request for loan reinstatement and provide me with the necessary information and instructions to proceed. Furthermore, I am available at [Your Phone Number] or [Your Email Address] to discuss any further documentation or requirements necessary for this reinstatement process. Thank you for your attention to this matter. I look forward to your positive response and am hopeful for a mutually agreeable resolution. Sincerely, [Your Name] [Your Loan Account Number]