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Bank Letter
Chinese Drywall Complaint Center
The Chinese Drywall Complaint Center's
prototype homeowners letter to their mortgage bank, or
loan servicing company relates to a forbearance
agreement for homeowners in Florida, Alabama,
Mississippi, Louisiana, Virginia, and Southeast Texas,
where toxic Chinese drywall is known to have impacted
a very large number of homeowners.
 For
Families
& Homeowners left with little choice but to vacate their
home, because of toxic Chinese drywall,
Americas Watchdog's
Chinese Drywall Complaint Center
has developed a possible forbearance letter, that might
allow you to save your home. According to the group, "we
are not attorneys, nor is this in anyway an attempt to
practice law. This letter is simply a suggestion, that
might allow you to save your home. Before you send a
letter like this to your mortgage lender, or loan
servicing company, we strongly encourage a homeowner, or
real estate owner, to have an actual attorney in your
state, review any proposed forbearance letter, to make
certain that passes all legal requirements of your
specific state."
Potential Forbearance Letter
Subject: Chinese Toxic Drywall & Request For A Forbearance
Agreement
(Date)
(Company's Representative)
(Company's Name)
(Company's Address)
(Company's Phone Number)
RE:
(Your Home Address)
Loan number:
(#)
Dear
(Company's Representative):
I am writing this letter to inform you of my current
economic hardship. My home contains toxic Chinese
drywall and remaining in the home puts me and my
family’s health and safety at risk.
Due to the terms of my mortgage loan, the current state
of the US housing market and the toxicity of the Chinese
drywall, I need to relocate my family temporarily, until
federal emergency funding for a repair can be secured.
As such, I can no longer continue making the full
mortgage payments in the amount of ( $ )
per month, nor will I be able to refinance or sell my
house.
The reason that I am going to fall behind on my mortgage payments
is because
(explain the circumstances that caused your decision to move out
of the home). This is the situation that I am in until federal disaster relief
funding will allow me to properly repair my home.
Attached
please find pictures of my
(black air conditioning
coils, degraded copper ground wires, medical bills or
whatever else you have & include copies of pictures for
each thing listed).
At this time, my family and I must move out of our home because of
the potential for long term lethal side effects from the
toxic Chinese drywall, as well as immediate safety
concerns. If you will allow me a loan modification in
the form of a forbearance agreement, or any other option
that involves payments of no more than my property taxes
and my property's homeowners insurance, then I would
like to move forward and continue doing business with
you.
(Optional)
If not, then I
intend to give you back the home, as it is not safe to
live in or occupy in any capacity, due to the health
risks and safety concerns associated with toxic Chinese
drywall.
As soon as President Obama & the US Congress make emergency funding
available so that I can completely rebuild my home, then
I will be able to start making full my full mortgage
payments again.
Thank you very much for your consideration and I deeply appreciate
any effort that you can make to help me and my family.
Sincerely,
(Your Name (s) - Date)
---------Send this letter via US certified mail, so that
you have proof of receipt--------
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AmericasWatchdog.com
National Advocacy Group for Consumer
Protection and Corporate Fair Play |
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