HERE IS ANOTHER SAMPLE A FRIEND EMAILED ME....
Whom It May Concern
I have been asked to write this letter to give you some
reasons why I am unable to pay our mortgage.
This is a very simple answer. I don’t have the money to do
so.
After an exhaustive search to regain employment, My wife
Jane, who lost her job a couple of months
ago, became quite depressed. She has since sought the
comfort of her family and has relocated to our
home country, Colombia in South America. Unfortunately, I
can not afford the payments on the loan
and I have to be with my wife so next week I will be
permanently leaving the United States and
returning to Colombia as well.
I understand that this letter will help you to decide if we
deserve to be allowed to sell our property
in what I am told is a short sale type of transaction. I
can not afford to enter into any type of
deferral program or forebearance agreement as our
relocation to Colombia is permanent and neither
my wife nor I will be returning.
The cost of living is much cheaper in Colombia and although
we have no savings or assets remaining,
our families have agreed to support us while we get back on
our feet. We do not have this kind of
support group here.
For months now I have struggled and tried to find a way to
sell my house or come up with the money
to catch up on my payments, but I have not been able to
come up with any real way to do so. I have
listed the home for sale and rent on the MLS since
September 2006 but as a result of the sagging
real estate market here in South Florida I have not
received a single offer...neither for rent or sale.
As you can imagine, ever
since I began falling behind, I have been getting letters
and phone calls
from hundreds of people who say that they can help me. Some
have wanted money from me and
most were just “investors” who wanted to take my house and
leave me out in the cold with some
form of scheme or another.
Some have even tried to convince me to file bankruptcy to
fight the foreclosure and even though it
is an option that is available to me, I think it would make
matters work in the long run since I do
not have the money to hire an attorney and also because
there would be no way for me to come
back and forth from Colombia for court hearings that have
no bearing on my future anyway since I
do not plan to return to America.
I would prefer to work out a friendly arrangement with your
company instead of filing bankruptcy.
I have had one real estate agent approach me who
specializes in short sales and she has a cash
buyer available if I can come to some agreement with you.
She has informed me of a way that I may be able to settle
this with you and it is by doing a short
sale. It has been explained to me and I understand that if
you approve it, I can move on with my
life and we won’t have to go to court and fight over this
and I’ll never have to file bankruptcy to
fight the foreclosure. I agree that selling the house this
way is a much better way to go for all
of us.
Financially, I do not have the money to make up the back
payments and I would like to avoid
anymore hassles. I am embarrassed by this and sometimes I
can’t sleep at night worrying about
what will happen and it is eating me up inside not being
with my wife or being able to pay my
mortgage and having to go through this.
I have not been able to make
enough money lately to pay my mortgage and I also have not
had the
money to keep the house maintained I don’t have any
alternative to foreclosure other than doing
this short sale.
I still have to wake up every morning as if I was going to
work except now I have to look in the
mirror and admit that I have let my family down. I am so
sorry that I am in this position but with
your help we can all work this out so we can avoid a long
drawn out process. Please help me take
a big step in getting my feet back on the ground by letting
me accept the offer to buy my house
in a way that allows them to close the deal by getting a
discount from what I owe you.
I don’t have anything left that I can sell or pawn and
without enough money to keep the house, I
now need to concentrate on helping my family survive.
I don’t understand why I have to write this kind of letter
as it is really embarrassing. Believe me
if I had my way I would be making my payments. It would be
so much better than watching things
go down the tubes.
Hopefully you will approve the deal quickly. I know that
you may feel that I do not deserve any
favors but doing this deal also helps your company as well
as I know it works out better to do
work things out in a friendly way than by going to a bunch
of court hearings and costly hassles.
I sincerely hope that this short sale can be done and we
can all move forward and put this matter
behind us.
Sincerely,
John Doe