Bronx New York Sample Letter regarding Stop of Foreclosure Sale

• Category: Letters - Legal - Foreclosures
• State: Multi-State
• County: Bronx
• 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 Notice — Stop of Foreclosure Sale in Bronx, New York [Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip] Re: Stop of Foreclosure Sale Notice Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you with great urgency regarding the impending foreclosure sale of my property located at [Your Property Address] in Bronx, New York. This correspondence serves as an official request to halt the foreclosure proceedings immediately. I have been facing financial hardships, which have led to unforeseen difficulties in keeping up with my mortgage payments. I understand the gravity of this situation and its potential consequences. However, I am determined to rectify the situation and keep my home. Given the current unprecedented circumstances, including the economic downturn caused by the COVID-19 pandemic, I believe it is necessary to explore alternative options that could benefit both parties involved. I kindly request your attention and cooperation in considering these following possibilities: 1. Loan Modification Plans: I am open to discussing potential loan modification plans that may allow me to make affordable monthly payments, bringing my mortgage account back to a current status. 2. Foreclosure Mediation Program: Bronx County offers foreclosure mediation services, which aim to resolve such situations amicably. I strongly suggest that we consider participating in this program to find mutually beneficial solutions. 3. Temporary Forbearance Agreement: Considering the temporary financial setback I am currently experiencing, I believe we can find an arrangement where the foreclosure proceedings are temporarily paused while I work to stabilize my financial situation. 4. Short Sale: In the event that a resolution cannot be reached, I would be willing to explore the possibility of a short sale. This would involve selling the property for less than the outstanding mortgage balance, with your permission. I would like to emphasize my commitment to fulfilling my financial obligations and to maintaining this property as my primary residence. I am willing to actively engage in discussions, provide supporting documentation, and negotiate terms that would result in a win-win for both parties involved. Please acknowledge receipt of this letter within [insert time frame] to ensure that the foreclosure sale is halted while we explore viable alternatives. You may contact me at the provided contact information above to discuss the next steps or to request any additional documentation that may be needed. Thank you for your understanding, patience, and prompt attention to this matter. I look forward to finding a mutually beneficial resolution that allows me to retain my home. Yours sincerely, [Your Name]

Subject: Urgent Notice — Stop of Foreclosure Sale in Bronx, New York [Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, Zip] Re: Stop of Foreclosure Sale Notice Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to you with great urgency regarding the impending foreclosure sale of my property located at [Your Property Address] in Bronx, New York. This correspondence serves as an official request to halt the foreclosure proceedings immediately. I have been facing financial hardships, which have led to unforeseen difficulties in keeping up with my mortgage payments. I understand the gravity of this situation and its potential consequences. However, I am determined to rectify the situation and keep my home. Given the current unprecedented circumstances, including the economic downturn caused by the COVID-19 pandemic, I believe it is necessary to explore alternative options that could benefit both parties involved. I kindly request your attention and cooperation in considering these following possibilities: 1. Loan Modification Plans: I am open to discussing potential loan modification plans that may allow me to make affordable monthly payments, bringing my mortgage account back to a current status. 2. Foreclosure Mediation Program: Bronx County offers foreclosure mediation services, which aim to resolve such situations amicably. I strongly suggest that we consider participating in this program to find mutually beneficial solutions. 3. Temporary Forbearance Agreement: Considering the temporary financial setback I am currently experiencing, I believe we can find an arrangement where the foreclosure proceedings are temporarily paused while I work to stabilize my financial situation. 4. Short Sale: In the event that a resolution cannot be reached, I would be willing to explore the possibility of a short sale. This would involve selling the property for less than the outstanding mortgage balance, with your permission. I would like to emphasize my commitment to fulfilling my financial obligations and to maintaining this property as my primary residence. I am willing to actively engage in discussions, provide supporting documentation, and negotiate terms that would result in a win-win for both parties involved. Please acknowledge receipt of this letter within [insert time frame] to ensure that the foreclosure sale is halted while we explore viable alternatives. You may contact me at the provided contact information above to discuss the next steps or to request any additional documentation that may be needed. Thank you for your understanding, patience, and prompt attention to this matter. I look forward to finding a mutually beneficial resolution that allows me to retain my home. Yours sincerely, [Your Name]