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Bank Letter
Chinese Drywall Complaint Center
Chinese Drywall
Complaint Center's Potential Homeowners Letter To Their
Mortgage Bank, Or Loan Servicing Company Related To A
Forbearance Agreement
 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 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:
(home address)
Loan number:
(#)
Dear
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 myself and my
families health, and safety at risk.
Due to the terms of my mortgage loan and 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 make the
full mortgage payments, refinance, or sell my house. I
am unable to continue making mortgage payments in the
amount of ( $ ) per
month.
We are going to fall behind on our mortgage
payments due to
(explain the
circumstances that caused your decision to move out of
the home),
until federal disaster relief funding will allow
my family to properly repair my home.
(include copies of
pictures)
Attached please find pictures
(of my black air conditioning coils, my degraded copper
ground wires, medical bills, or whatever you have)
At this time, we must move out of our home
because the potential for long term lethal side affects
of toxic Chinese drywall, and immediate safety concerns.
If we can have a loan modification, that is a
forbearance agreement, or any option that involves
payments of no more than our property taxes, and our
property's homeowners insurance, we would like to move
forward with you.
(Optional)
If not, we intend to
give you back the home, as it is not safe to live in, or
occupy, due to the health and safety issues associated
with toxic Chinese drywall.
As soon as President Obama & the US Congress make
emergency funding available, so that we can completely
rebuild our home, we will be able to start making full
payments again.
Thank you very much for your consideration and I
deeply appreciate any effort you can make to help our
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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