DATE OF THIS NOTICE your right to cure your mortgage default will be. loan terms in order to address or avoid a potential or existing default or. This communication is provided solely for the purposes of notifying you to communicate in writing only and does not constitute an acknowledgement of the alleged debt described above. If you do not return the enclosed Mortgage Modification Options form by 30 DAYS FROM. role of a Pre-Negotiation Letter Agreement in loan workout discussions. I thank you for your patience and understanding during this difficult time. Letters of explanation might sound like a pain to write, but the truth is that they can actually help you get a loan more easily. If at anytime I am in a position to resume payments on the alleged debt, I will contact you immediately to make appropriate arrangements. I will respond to any letters you send to me in a timely manner. I respectfully request that you contact me by letter only going forward please do not contact me by telephone. Once youve received a notice of default you’ll want to act quickly to take advantage of options available to you. I am writing to inform you that my current income from is not enough for me to be able to make any payments towards my alleged debt at this time. A Notice of Default is your mortgage lender’s way of telling you that you have one last chance to address overdue mortgage payments before your lender will foreclose on your home.
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