Nassau New York Sample Letter to Foreclosure Attorney - General Demand to Stop Foreclosure and Reasons

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• County: Nassau
• Control #: US-0513LTR
• 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 Request to Halt Foreclosure Process — Nassau New York Dear [Foreclosure Attorney's Name], I hope this letter finds you well. I am writing as a concerned homeowner residing in Nassau, New York, facing the imminent threat of foreclosure on my property. The purpose of this communication is to formally request your immediate attention and intervention in this matter, as well as to present several compelling reasons why the foreclosure process should be halted. 1. Financial Hardships: Firstly, I want to emphasize the considerable financial hardships my family and I have been enduring over the past few years. This has primarily been a result of unexpected medical expenses and a prolonged period of unemployment. Although we strive to meet our financial obligations, circumstances beyond our control have made it immensely challenging to stay afloat. 2. Efforts Towards Resolution: It is crucial to note that we have actively sought avenues to resolve our delinquency and prevent foreclosure. We have engaged in productive discussions with our lender, exploring various loan modification options, short sale possibilities, or potential refinancing alternatives. Despite these efforts, we have faced significant roadblocks and bureaucratic delays in the mortgage modification process. 3. Good Faith Attempt: We assure you that we have continuously demonstrated good faith in our attempt to mitigate the foreclosure situation. Regular partial payments have been made towards the outstanding balance, showcasing our willingness to cooperate and alleviate the financial burden on both parties involved. We firmly believe that foreclosure is not in the best interest of either the lender or our family. 4. Distressed Property Market: Furthermore, it is essential to acknowledge the current state of the property market in our area. As you may be aware, the real estate market in Nassau, New York, has been experiencing downturns in recent years. These challenging market conditions further restrict our ability to secure a fair and reasonable price for a potential sale — a scenario that would be beneficial for all parties concerned. 5. Preservation of Community and Reputation: Our property has been our family's home for several years, symbolizing countless memories and serving as an integral part of the community. Allowing the foreclosure process to proceed not only threatens our home but also impacts the surrounding neighborhood negatively. The preservation of community and the safeguarding of property values should be of mutual concern. Considering the reasons outlined above, we implore you to take immediate action to halt the foreclosure process. We kindly request your assistance in facilitating a comprehensive review of our case, exploring alternatives that may be available to us, and potentially negotiating with the lender to find a viable solution. We firmly believe that by cooperating and working together, we can achieve a mutually beneficial outcome that will help retain our family's home, restore financial stability, and preserve the integrity of the community. Furthermore, we genuinely appreciate your prompt attention and understanding in this matter. Kindly acknowledge receipt of this letter and indicate your willingness to assist us in preventing the imminent foreclosure of our property. Thank you for your time and consideration. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address]

Subject: Urgent Request to Halt Foreclosure Process — Nassau New York Dear [Foreclosure Attorney's Name], I hope this letter finds you well. I am writing as a concerned homeowner residing in Nassau, New York, facing the imminent threat of foreclosure on my property. The purpose of this communication is to formally request your immediate attention and intervention in this matter, as well as to present several compelling reasons why the foreclosure process should be halted. 1. Financial Hardships: Firstly, I want to emphasize the considerable financial hardships my family and I have been enduring over the past few years. This has primarily been a result of unexpected medical expenses and a prolonged period of unemployment. Although we strive to meet our financial obligations, circumstances beyond our control have made it immensely challenging to stay afloat. 2. Efforts Towards Resolution: It is crucial to note that we have actively sought avenues to resolve our delinquency and prevent foreclosure. We have engaged in productive discussions with our lender, exploring various loan modification options, short sale possibilities, or potential refinancing alternatives. Despite these efforts, we have faced significant roadblocks and bureaucratic delays in the mortgage modification process. 3. Good Faith Attempt: We assure you that we have continuously demonstrated good faith in our attempt to mitigate the foreclosure situation. Regular partial payments have been made towards the outstanding balance, showcasing our willingness to cooperate and alleviate the financial burden on both parties involved. We firmly believe that foreclosure is not in the best interest of either the lender or our family. 4. Distressed Property Market: Furthermore, it is essential to acknowledge the current state of the property market in our area. As you may be aware, the real estate market in Nassau, New York, has been experiencing downturns in recent years. These challenging market conditions further restrict our ability to secure a fair and reasonable price for a potential sale — a scenario that would be beneficial for all parties concerned. 5. Preservation of Community and Reputation: Our property has been our family's home for several years, symbolizing countless memories and serving as an integral part of the community. Allowing the foreclosure process to proceed not only threatens our home but also impacts the surrounding neighborhood negatively. The preservation of community and the safeguarding of property values should be of mutual concern. Considering the reasons outlined above, we implore you to take immediate action to halt the foreclosure process. We kindly request your assistance in facilitating a comprehensive review of our case, exploring alternatives that may be available to us, and potentially negotiating with the lender to find a viable solution. We firmly believe that by cooperating and working together, we can achieve a mutually beneficial outcome that will help retain our family's home, restore financial stability, and preserve the integrity of the community. Furthermore, we genuinely appreciate your prompt attention and understanding in this matter. Kindly acknowledge receipt of this letter and indicate your willingness to assist us in preventing the imminent foreclosure of our property. Thank you for your time and consideration. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address]