A “Sample Letter To Request Forbearance One Mortgage Payment” is a formal request to your lender. It asks if you can pause your mortgage payment for one month. People write this letter when facing temporary money problems. Job loss or unexpected bills are common reasons.
Need to ask your lender for a break? Writing the perfect letter can feel tough. Don’t worry, we’ve got you covered.
This article shares ready-to-use examples. These samples make writing your own letter easy. Use our templates to clearly explain your situation. Get the forbearance you need.
Sample Letter To Request Forbearance One Mortgage Payment
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]
[Date]
[Mortgage Company Name]
[Mortgage Company Address]
**Subject: Request for One-Month Mortgage Forbearance – Account Number [Your Account Number]**
Dear [Mortgage Company Contact Person or Department],
I am writing to request a one-month forbearance on my mortgage payment due on [Date of Payment]. My mortgage account number is [Your Account Number].
I am experiencing a temporary financial hardship due to [Briefly explain the reason for hardship, e.g., unexpected medical expenses, temporary job loss, etc.]. I anticipate being able to resume regular payments on [Date you expect to resume payments] and catch up on the missed payment within [Number] months.
I would appreciate it if you would consider my request for forbearance. I am committed to fulfilling my mortgage obligations and believe this temporary relief will allow me to do so.
Please let me know what documentation, if any, is required to process this request. I can be reached at [Your Phone Number] or [Your Email Address].
Thank you for your time and consideration.
Sincerely,
[Your Signature]
[Your Typed Name]
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How to Write Letter To Request Forbearance One Mortgage Payment
Subject Line: The Overture
- Craft a subject line that is both succinct and informative. Think “Request for Mortgage Forbearance – [Your Name] – Account Number [Your Account Number]”.
- Avoid ambiguity; clarity is paramount to ensure your missive is routed appropriately and promptly.
Salutation: A Courteous Beginning
- Address the recipient formally. “Dear [Mortgage Servicer Contact Person]” is perpetually a solid commencement.
- If you do not have a contact person, “Dear Mortgage Servicing Department” is an acceptable, albeit less personalized, alternative.
Introduction: Setting the Stage
- Clearly state your intent. For instance: “I am writing to formally request a forbearance for one mortgage payment due to [briefly state your hardship].”
- Immediately establish your identity by including your name, property address, and mortgage account number. This contextualizes your request from the outset.
Body Paragraph 1: Detailing Your Predicament
- Expound upon the hardship that necessitates the forbearance. Be transparent, yet concise. Overly verbose explanations can obfuscate the core issue.
- Examples might include: temporary job loss, unforeseen medical expenses, or an unexpected home repair. Substantiate your claims if feasible, though understand you might be asked for further documentation later.
Body Paragraph 2: Proposing a Solution
- Articulate your plan for rectifying the missed payment. How do you intend to catch up? Will you be able to resume regular payments next month?
- Mention any assets or contingencies you have that assure your eventual solvency. Demonstrating a proactive approach can significantly bolster your case.
Closing: Reinforcing Goodwill
- Reiterate your commitment to fulfilling your mortgage obligations. Express gratitude for their consideration.
- A polite closing such as “Thank you for your time and consideration in this exigent matter” is appropriate.
Sign-off: Formalities
- Use a professional sign-off, such as “Sincerely” or “Respectfully,” followed by your full name.
- Include your phone number and email address below your name for easy communication. This facilitates a streamlined dialogue.
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Frequently Asked Questions: Mortgage Forbearance Request Letter
This section addresses common inquiries regarding the process of drafting a sample letter to request mortgage forbearance for a single payment.
Understanding these FAQs can help homeowners navigate the initial steps in communicating with their mortgage servicer.
What is a mortgage forbearance request letter?
It is a formal written communication to your mortgage servicer requesting temporary suspension or reduction of your mortgage payments, specifically for one payment cycle.
When should I send a forbearance request letter?
Send the letter as soon as you anticipate or experience a financial hardship that prevents you from making your mortgage payment on time.
What information should I include in my letter?
Include your loan number, property address, contact information, a clear explanation of your financial hardship, and the specific payment period for which you are requesting forbearance.
Is sending a letter enough to guarantee forbearance approval?
No, sending a letter is just the first step. The mortgage servicer will review your request and may require additional documentation to determine your eligibility for forbearance.
What happens after I send the forbearance request letter?
The mortgage servicer will acknowledge receipt of your letter and may contact you to discuss your situation further or request additional supporting documentation. They will then inform you of their decision regarding your forbearance request.