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Dear Madam, I am Nisha Mittal, and I currently have a home loan against my account number (mention your account number). I want to foreclose my home loan this month by paying the outstanding amount in a single payment. I have paid 8 EMIs as of now, and there are 5 EMIs pending until this year.
Make sure to include not just your difficulties in your letter, but also your plans to improve your situation and get back on track with your loan payment. Remember you are writing to an organization, not an individual, you must write in respect to their desire to make money and give them reasons to trust you.
Redeeming the Property Some states also provide foreclosed borrowers with a redemption period after the foreclosure sale, during which they can buy back the home. As part of an Oklahoma judicial foreclosure, the court must confirm (approve) the sale. You can redeem the property up until confirmation happens. (Okla.
What to include in a hardship letter The date, your name, address and phone number. The lender/servicer and loan number. The date or approximate time frame when the hardship started. The expected timeframe of hardship ? short term (six months or less) or long term. Describe your goal. ... State the facts, not emotions.
Personal Loan Closure Letter Format Dear Sir/Ma'am, I am Sudharshana Karthik, and I have a personal loan in my account in your bank. I am writing this letter to request you to close my personal loan account with the number 1526xx4656. I have paid all my EMIs, and the loan tenure is complete.
The mortgage company files a motion for summary judgment. Even though you have no defense, the court still has to wait 18 days before granting the motion for summary judgment. Many courts wait 30 days after the motion is filed before grant judgment to the mortgage company.
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.