Documents Required For Foreclosure Of Home Loan
Description
How to fill out Statutory Notices Required For California Foreclosure Consultants?
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FAQ
Documents required for Personal Loan Pre-closure Relevant loan documents. Proof of address and identity - Passport, Aadhaar card, Voter ID card, etc. Loan statements displaying the details of the EMIs paid till date. Cheque or demand draft.
Inform your lender about your wish to prepay the Home Loan. The Lender will issue a Foreclosure Statement with details of the outstanding loan amount. Repay the outstanding amount and collect the original property documents from the lender.
Dear Sir/Madam, With utmost respect we, _____ and ____ husband/father/mother and wife/daughter (any relationship) respectively run a combined home loan account in your bank under the loan account number _____________. We now want to foreclose on our home loan, and we paid the outstanding loan amount of Rs.
I request you to please inform me about the home loan foreclosure procedure at your bank as well as the remaining loan balance that I must pay in order to foreclose my home loan. Sharing my contact information in case you require any more information. Waiting for your response. Thank you.
Format Of Writing A Foreclosure Letter To sum up, I am writing this letter to inform you that I wish to foreclose the loan. Moreover, my loan ID is xx and I opted for (no. of EMIs) EMIs. Therefore, I am willing to pay ______ (Amount)in a single installment and foreclose the loan.
