This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
There's a process to getting the mortgage payoff statement. First, you'll need to contact your lender and let them know you want the information. Depending on your lender, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process.
State your financial situation: Be upfront about your financial issues. Your application already indicates something suspicious to your lender, so there's no need to hide the truth. Quickly state the fact of the matter and proceed. Briefly explain the circumstance: Keep your letter as concise as possible.
To begin writing this type of letter, you might explain the situation or circumstance and any contributing factors. Consider including information to answer questions like: What happened? How did it happen?
State your financial situation: Be upfront about your financial issues. Your application already indicates something suspicious to your lender, so there's no need to hide the truth. Quickly state the fact of the matter and proceed. Briefly explain the circumstance: Keep your letter as concise as possible.
Tips for writing a letter of explanation Provide all details the best you can, including correct dates and dollar amounts. Explain how and when all situations were resolved. If they are not resolved, explain that as well. Detail why problems won't happen again.