West Virginia 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 — Stop of Foreclosure Sale for [Property Address] [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Re: Stop of Foreclosure Sale — Loan/ Mortgage Account No: [Account Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you as the owner of the property at [Property Address], which is scheduled for foreclosure sale on [Foreclosure Sale Date]. I am urgently seeking your assistance to halt this foreclosure proceeding and explore potential alternatives to resolve the outstanding debt. Firstly, I would like to emphasize my deep commitment to preserving my homeownership and repaying the remaining mortgage balance. Due to unforeseen circumstances such as [briefly explain the reason for your financial hardship, such as sudden job loss, medical expenses, or other valid reasons], I have experienced significant financial strain, making it difficult for me to meet my mortgage repayment obligations in a timely manner. I understand that legal procedures must be followed, and foreclosure may be the last resort for the lender if payment arrangements are not adhered to. However, I kindly request that you consider granting me the opportunity for a forbearance plan or loan modification, allowing me to restructure the repayment terms in order to bring the mortgage current and prevent the loss of my home. Enclosed with this letter, please find the requested documentation substantiating my financial hardship and inability to meet the original loan terms. These documents include: 1. A hardship letter detailing the circumstances leading to my current financial situation and demonstrating my commitment to rectify the arbitrage. 2. Copies of relevant medical bills, termination letters, or other supporting documents proving the validity of the hardship. 3. Recent pay stubs or income statements indicating my current income status and ability to sustain modified repayment terms, if applicable. 4. Bank statements highlighting any recent financial transactions or extenuating circumstances. 5. Any other supporting documents you may require to assess my situation objectively and fairly. I kindly request an immediate halt to the foreclosure sale proceedings while we work together to explore potential solutions. I believe that with genuine and open communication, we can reach a resolution that benefits both parties and avoids the financial and emotional consequences of foreclosure. To further this dialogue, I am eager to meet with a representative from your office to discuss the available options, negotiate suitable terms, and establish a plan that will allow me to retain my home. I am open to considering alternatives such as loan forbearance, loan modification, refinancing, or any other viable solution that will help me overcome this temporary financial setback. Please let me know at your earliest convenience which representative I can contact, either by phone or email, to schedule a meeting. I genuinely appreciate your attention to this matter and your prompt response, as time is of the essence to halt the foreclosure sale. Thank you for your understanding and cooperation. I look forward to working together to find a mutually beneficial resolution to prevent the loss of my home. Sincerely, [Your Name]

Subject: Urgent Action Required — Stop of Foreclosure Sale for [Property Address] [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Re: Stop of Foreclosure Sale — Loan/ Mortgage Account No: [Account Number] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you as the owner of the property at [Property Address], which is scheduled for foreclosure sale on [Foreclosure Sale Date]. I am urgently seeking your assistance to halt this foreclosure proceeding and explore potential alternatives to resolve the outstanding debt. Firstly, I would like to emphasize my deep commitment to preserving my homeownership and repaying the remaining mortgage balance. Due to unforeseen circumstances such as [briefly explain the reason for your financial hardship, such as sudden job loss, medical expenses, or other valid reasons], I have experienced significant financial strain, making it difficult for me to meet my mortgage repayment obligations in a timely manner. I understand that legal procedures must be followed, and foreclosure may be the last resort for the lender if payment arrangements are not adhered to. However, I kindly request that you consider granting me the opportunity for a forbearance plan or loan modification, allowing me to restructure the repayment terms in order to bring the mortgage current and prevent the loss of my home. Enclosed with this letter, please find the requested documentation substantiating my financial hardship and inability to meet the original loan terms. These documents include: 1. A hardship letter detailing the circumstances leading to my current financial situation and demonstrating my commitment to rectify the arbitrage. 2. Copies of relevant medical bills, termination letters, or other supporting documents proving the validity of the hardship. 3. Recent pay stubs or income statements indicating my current income status and ability to sustain modified repayment terms, if applicable. 4. Bank statements highlighting any recent financial transactions or extenuating circumstances. 5. Any other supporting documents you may require to assess my situation objectively and fairly. I kindly request an immediate halt to the foreclosure sale proceedings while we work together to explore potential solutions. I believe that with genuine and open communication, we can reach a resolution that benefits both parties and avoids the financial and emotional consequences of foreclosure. To further this dialogue, I am eager to meet with a representative from your office to discuss the available options, negotiate suitable terms, and establish a plan that will allow me to retain my home. I am open to considering alternatives such as loan forbearance, loan modification, refinancing, or any other viable solution that will help me overcome this temporary financial setback. Please let me know at your earliest convenience which representative I can contact, either by phone or email, to schedule a meeting. I genuinely appreciate your attention to this matter and your prompt response, as time is of the essence to halt the foreclosure sale. Thank you for your understanding and cooperation. I look forward to working together to find a mutually beneficial resolution to prevent the loss of my home. Sincerely, [Your Name]