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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:
(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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