A “Sample Letter to Mortgage Servicer to Validate Debt” is a written request. It asks your mortgage company to prove your debt is accurate. You might need this letter if you suspect errors on your mortgage statement. Perhaps you’re disputing fees or the loan balance itself.
This article provides sample letters. We’ve created examples to help you. They cover various situations. You can customize these templates for your specific needs.
We’ll share different letter formats. Each sample addresses a particular scenario. Use these to craft your own effective validation request.
Sample Letter To Mortgage Servicer To Validate Debt
[Your Name]
[Your Address]
[Your City, State, Zip Code]
[Your Phone Number]
[Your Email Address]
[Date]
[Mortgage Servicer Name]
[Mortgage Servicer Address]
[Mortgage Servicer City, State, Zip Code]
**Subject: Request for Debt Validation – Account Number: [Your Account Number]**
Dear [Mortgage Servicer Name],
This letter is a formal request for validation of the debt associated with the mortgage account number listed above.
I am requesting this information to ensure the accuracy and legitimacy of the debt. Please provide the following documentation:
* A complete payment history for the life of the loan.
* A copy of the original mortgage agreement, including all riders and addendums.
* An itemized statement of the current amount owed, including principal, interest, escrow, and any fees.
* Documentation showing your legal right to collect this debt, including the original creditor’s name and any assignments of the mortgage.
I understand that you may require a reasonable amount of time to gather this information. I request that you respond to this request within 30 days, as required by the Fair Debt Collection Practices Act.
If the requested documentation is not provided within the specified timeframe, I will assume that the debt is not valid.
Thank you for your prompt attention to this matter.
Sincerely,
[Your Signature]
[Your Typed Name]
html
How to Write Letter To Mortgage Servicer To Validate Debt
Subject Line: Be Direct and Unambiguous
The subject line is your clarion call. It needs to immediately grab attention and declare your purpose. Don’t bury the lead.
- Use phrases like: “Formal Debt Validation Request – Account [Your Account Number]”
- Or, “Demand for Mortgage Debt Validation – Loan Number [Your Loan Number]”
- A succinct subject line ensures swift routing to the appropriate department.
Salutation: Maintain Formality
Begin with a salutation that is both respectful and professional. This sets the tone for the entire communication.
- Address the servicer formally: “Dear Mortgage Servicer,”
- If you know a specific contact person, use their name: “Dear Mr./Ms. [Last Name],”
- Avoid overly casual greetings.
Body Paragraph 1: State Your Intent Clearly
The opening paragraph should unequivocally state your intention to validate the debt. Be assertive, not accusatory.
- Clearly declare that you are requesting validation of the mortgage debt.
- Reference your loan number and the property address.
- Example: “I am writing to formally request validation of the mortgage debt associated with loan number [Your Loan Number] for the property located at [Property Address].”
Body Paragraph 2: Itemize Your Validation Requests
This is where you delineate precisely what information you require from the mortgage servicer. Be specific and methodical.
- Request a complete payment history from the inception of the loan.
- Demand copies of the original mortgage note and deed of trust.
- Ask for documentation proving the servicer’s legal right to collect the debt.
- Request a detailed breakdown of the current balance, including principal, interest, escrow, and any fees.
- Specify a reasonable timeframe for compliance (e.g., 30 days).
Body Paragraph 3: Emphasize Your Rights
Remind the servicer of their obligations under federal law, particularly the Fair Debt Collection Practices Act (FDCPA).
- Mention your rights under the FDCPA to request and receive debt validation.
- State that you are not refusing to pay, but simply exercising your right to verify the debt’s legitimacy.
- Indicate that you expect a comprehensive response within the allotted timeframe.
Closing: Reinforce Your Expectations
The closing should reiterate your expectations and provide contact information for a response.
- Reiterate your expectation of receiving the requested documentation promptly.
- Provide your phone number and email address for ease of communication.
- State that you will pursue further action if the debt is not validated.
Signature: Formal and Legible
Conclude with a professional closing and your signature. This adds a layer of formality and accountability.
- Use a formal closing: “Sincerely,” or “Respectfully,”
- Sign your name legibly.
- Print your name below your signature.
- Keep a copy of the letter for your records.
html
Frequently Asked Questions: Debt Validation Letter for Your Mortgage
This section addresses common queries regarding sending a debt validation letter to your mortgage servicer. Understanding this process can help ensure the accuracy and legitimacy of your mortgage debt.
Why should I send a debt validation letter to my mortgage servicer?
A debt validation letter requests your mortgage servicer to provide documented proof that you owe the debt and that the amount they claim is accurate. This helps you verify the legitimacy of the debt.
What information should I include in my debt validation letter?
Include your name, address, loan number, and a clear statement requesting validation of the debt. Specify that you need documentation proving the debt’s validity, such as the original loan agreement and payment history.
What should I do if the mortgage servicer doesn’t respond to my debt validation letter?
If the servicer fails to respond within a reasonable timeframe (typically 30 days), consider sending a follow-up letter. Consult with a legal professional or a consumer protection agency for further guidance.
What kind of documentation can I expect from the mortgage servicer in response to my letter?
You should expect to receive documents such as the original mortgage agreement, a detailed payment history, and any relevant documentation regarding the transfer of servicing rights, if applicable.
Does sending a debt validation letter stop foreclosure proceedings?
Sending a debt validation letter does not automatically halt foreclosure. If you are facing foreclosure, seek legal advice immediately. A debt validation letter can be a part of your defense strategy, but it is not a replacement for legal counsel.