A “Sample Letter To Show Successor Of Interest In Mortgage” proves you’ve inherited a property. It’s needed when the original borrower dies. You’ll use it to communicate with the mortgage lender.
Need to write this letter? You’re in the right place. We know it can be confusing.
We’ll share letter samples. These will make writing your own letter easier. Use these templates as a starting point.
Sample Letter To Show Successor Of Interest In Mortgage
**Sample Letter To Show Successor Of Interest In Mortgage**
[Date]
[Successor of Interest Name]
[Successor of Interest Address]
**Subject: Important Information Regarding Mortgage on [Property Address]**
Dear [Successor of Interest Name],
This letter concerns the mortgage on the property located at [Property Address]. Our records indicate that you may have succeeded to ownership of this property following the passing of [Deceased Borrower’s Name].
To help us ensure accurate handling of this mortgage, we require documentation confirming your status as a successor in interest. Acceptable documents include:
* Death certificate of [Deceased Borrower’s Name]
* Will or other documentation showing transfer of property
* Court order or other legal documentation establishing your right to the property
Please provide copies of the relevant documents to us within [Number] days of the date of this letter. You can send them by mail to [Mortgage Servicer Address] or by email to [Mortgage Servicer Email Address].
Upon receipt and review of these documents, we will provide you with information about the mortgage, including the outstanding balance, payment schedule, and any options available to you.
Please note that providing this documentation does not automatically obligate you to assume the mortgage. It simply allows us to communicate with you about it.
If you have any questions, please contact us at [Phone Number].
Sincerely,
[Mortgage Servicer Name]
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How to Write Letter To Show Successor Of Interest In Mortgage
Subject Line: Clarity is Key
The subject line is your first impression. Don’t squander it. Be direct and unambiguous.
- Example: “Notice of Successor in Interest – [Property Address] – [Loan Account Number]”
- Avoid vagueness that might consign your letter to oblivion.
Salutation: A Respectful Overture
Begin with a formal greeting. Eradicate any semblance of informality.
- Use “Dear [Mortgage Servicer Name],” if possible.
- If the servicer’s name is elusive, “To Whom It May Concern:” is acceptable, albeit less personalized.
Introduction: Declare Your Intent
Within the first paragraph, unequivocally state your purpose – asserting your claim as a successor in interest.
- Identify the deceased borrower by name.
- Specify the property address linked to the mortgage.
- Mention the loan account number for easy identification.
- Explicitly declare you are a successor in interest and are entitled to information.
Body Paragraphs: Substantiate Your Claim
This section is the lodestone of your letter. Provide irrefutable evidence of your claim.
- Detail the legal basis for your claim (e.g., inheritance, will, trust).
- Attach copies of supporting documents: death certificate, will, trust documents, or court orders.
- Proffer clarity and precision. Ambiguity is your nemesis.
Information Request: Articulate Your Needs
Be specific about the information you require from the mortgage servicer. Leave no room for misinterpretation.
- Request the current loan balance.
- Inquire about the monthly payment amount.
- Seek information on potential assumption of the mortgage.
- Ask about loss mitigation options, if pertinent.
Contact Information: Facilitate Communication
Provide multiple avenues for the mortgage servicer to contact you. Ensure prompt correspondence.
- Include your full name, mailing address, phone number, and email address.
- Specify your preferred method of communication.
- Indicate the best times to reach you.
Closing: A Cordial Farewell
Conclude with a polite and professional closing statement. Reinforce your commitment to cooperation.
- Use “Sincerely,” or “Respectfully,” followed by your typed name.
- Include your signature above your typed name for a personal touch.
- Reiterate your willingness to provide further documentation or clarification, if needed.
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Frequently Asked Questions: Sample Letter to Show Successor of Interest in Mortgage
This section addresses common inquiries regarding the process of informing a mortgage servicer of your status as a successor in interest.
Understanding your rights and responsibilities is crucial in ensuring a smooth transition and protecting your interests.
What is a successor in interest in the context of a mortgage?
A successor in interest is an individual who has acquired ownership of a property subject to a mortgage, typically through inheritance, divorce, or other qualifying transfer.
Why is it important to notify the mortgage servicer that I am a successor in interest?
Notifying the servicer allows you to communicate directly with them regarding the mortgage, potentially assume the loan, and avoid foreclosure if you maintain payments.
What documents should I include with my letter to the mortgage servicer?
Include a copy of the death certificate, will, divorce decree, or other legal document that demonstrates your ownership interest in the property.
What information should I include in my sample letter?
Clearly state your relationship to the deceased borrower, the property address, the loan number (if known), and your contact information. Request confirmation of receipt and next steps.
What if the mortgage servicer does not respond to my letter?
Follow up with a phone call and consider sending a certified letter with return receipt requested to ensure proof of delivery. Consult with a legal professional for further assistance if needed.