Full question:
I have gotten a letter from court about foreclosure but I am currently in the process of modifying my loan. I need to respond to this letter. Can you tell me or send me a sample of a response to this kind of letter?
- Category: Real Property
- Subcategory: Foreclosure
- Date:
- State: Florida
Answer:
Foreclosure is the process where a lender sells a property to recover money owed when a borrower fails to make payments. If you received a foreclosure letter, it’s important to respond promptly, especially since you are modifying your loan.
First, review the letter carefully. It typically includes a notice of default, which states how much you owe and the deadline to cure the default to avoid foreclosure. In many states, you have a specific time frame to respond and pay the overdue amount.
Since you are in the process of modifying your loan, you should inform the lender or the court about your ongoing loan modification efforts. You may want to include documentation that shows you are working on a modification, as this can demonstrate your intention to resolve the issue.
Here’s a sample response you might consider:
[Your Name]
[Your Address]
[City, State, Zip Code]
[Email Address]
[Phone Number]
[Date][Lender's Name]
[Lender's Address]
[City, State, Zip Code]Subject: Response to Foreclosure Notice
Dear [Lender's Name],
I am writing in response to the foreclosure notice dated [insert date of the notice]. I want to inform you that I am currently in the process of modifying my loan and am committed to resolving this matter.
I request that you consider my ongoing loan modification efforts and provide me with any necessary information regarding my options. I appreciate your assistance in this matter and look forward to your prompt response.
Sincerely,
[Your Name]
Make sure to send your response via certified mail to have proof of delivery. Also, consider seeking legal assistance to ensure your rights are protected throughout this process.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.