Below are the templates of explaination letter to mortgage company to explain the late payments. We provide all types of templates for your needs. If you need any template, please let us know in the comments.
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date]
[Loan Servicer’s Name] [Loan Servicer’s Address] [City, State, ZIP]
Subject: Explanation of Recent Late Payments
Dear [Loan Servicer’s Name],
I hope this letter finds you well. I am writing to provide an explanation for the recent late payments on my mortgage account. Unfortunately, I have faced unexpected financial hardship due to [briefly explain the situation, e.g., loss of job, medical expenses], which has impacted my ability to make timely payments.
I take full responsibility for the missed payments and deeply regret any inconvenience this may have caused. I am actively working on resolving my financial difficulties and have taken steps to stabilize my situation. I am committed to getting back on track with my mortgage payments as soon as possible.
I kindly request your understanding and assistance during this challenging period. If there are any options available to help me catch up on the missed payments or modify my repayment schedule, I would greatly appreciate the opportunity to discuss them with you.
Thank you for your consideration, and I apologize for any inconvenience caused.
Sincerely,
[Your Full Name] [Your Signature (if sending a physical letter)]
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date]
[Loan Servicer’s Name] [Loan Servicer’s Address] [City, State, ZIP]
Subject: Explanation of Recent Late Payments
Dear [Loan Servicer’s Name],
I trust this letter finds you well. I am writing to explain the recent late payments on my mortgage account. The delays were unintentional and the result of an administrative error on my part. I deeply apologize for any inconvenience this may have caused.
Upon reviewing my records, I discovered that [explain the nature of the administrative error, e.g., incorrect payment date set up, miscommunication with bank]. I have already taken corrective measures to prevent such errors from recurring in the future.
I understand the importance of timely mortgage payments and assure you that I am committed to ensuring that future payments are made on schedule. If there are any fees associated with the late payments, I am prepared to address them as required.
Thank you for your understanding, and I apologize for any disruption caused by this error.
Sincerely,
[Your Full Name] [Your Signature (if sending a physical letter)]
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date]
[Loan Servicer’s Name] [Loan Servicer’s Address] [City, State, ZIP]
Subject: Explanation of Recent Late Payments
Dear [Loan Servicer’s Name],
I hope this letter finds you well. I am writing to provide an explanation for the recent late payments on my mortgage account. Unfortunately, I have faced unexpected circumstances beyond my control, including [briefly explain the situation, e.g., family emergency, natural disaster], which have impacted my ability to make timely payments.
I deeply regret any inconvenience caused by the late payments and assure you that I am actively working to resolve the challenges I am facing. I am committed to making all necessary arrangements to bring my mortgage payments up to date.
I kindly request your understanding and assistance during this difficult time. If there are any options available to help me address the missed payments or modify my payment schedule, I would greatly appreciate the opportunity to explore them.
Thank you for your understanding, and I apologize for any disruption caused by these unforeseen circumstances.
Sincerely,
[Your Full Name] [Your Signature (if sending a physical letter)]
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date]
[Loan Servicer’s Name] [Loan Servicer’s Address] [City, State, ZIP]
Subject: Explanation of Recent Late Payments and Request for Waiver
Dear [Loan Servicer’s Name],
I trust this letter finds you in good health. I am writing to explain the recent late payments on my mortgage account. The delays were a result of [briefly explain the reason for the late payments, e.g., unexpected medical bills, temporary loss of income], which led to temporary financial difficulties.
I understand the importance of timely mortgage payments and sincerely apologize for any disruption this may have caused. Given the circumstances, I kindly request your consideration in waiving any associated late fees and penalties.
I am actively taking steps to improve my financial situation and ensure that future payments are made on time. Your assistance in this matter would greatly alleviate my financial burden and allow me to get back on track with my mortgage payments.
Thank you for your understanding, and I appreciate your consideration of my request for fee waiver.
Sincerely,
[Your Full Name] [Your Signature (if sending a physical letter)]
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date]
[Loan Servicer’s Name] [Loan Servicer’s Address] [City, State, ZIP]
Subject: Explanation of Recent Late Payments
Dear [Loan Servicer’s Name],
I hope this letter finds you well. I am writing to explain the recent late payments on my mortgage account. The delays were not due to any financial difficulties on my part but were a result of an error that occurred with my bank’s electronic payment system.
Upon noticing the late payments on my account, I contacted my bank and learned that there was a technical glitch that resulted in the delay of funds transfer. I have since addressed the issue with my bank, and they have assured me that the necessary measures are being taken to prevent similar incidents in the future.
I sincerely apologize for any inconvenience caused by this unforeseen situation and assure you that I am fully committed to ensuring that all future payments are made on time. If there are any fees associated with the late payments, I kindly request your consideration for their waiver.
Thank you for your understanding, and I appreciate your attention to this matter.
Sincerely,
[Your Full Name] [Your Signature (if sending a physical letter)]
[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date]
[Loan Servicer’s Name] [Loan Servicer’s Address] [City, State, ZIP]
Subject: Explanation of Recent Late Payments and Request for Payment Arrangement
Dear [Loan Servicer’s Name],
I trust this letter finds you well. I am writing to explain the recent late payments on my mortgage account. The delays were due to [briefly explain the reason for the late payments, e.g., unexpected medical expenses, temporary loss of income], which have created a temporary financial strain.
I take full responsibility for the late payments and sincerely apologize for any disruption this may have caused. Given my current financial circumstances, I kindly request your understanding and assistance in exploring the possibility of a payment arrangement to bring my account up to date.
I am actively working to improve my financial situation and am committed to making all necessary arrangements to fulfill my mortgage obligations. If there is a formal process or paperwork required to establish a payment arrangement, please provide me with the necessary information and guidance.
I value my commitment to maintaining a positive mortgage payment history, and I am determined to rectify the recent missed payments. Your understanding and support during this challenging period would greatly assist me in regaining financial stability.
Thank you for your attention to this matter, and I look forward to discussing potential solutions with you.
Sincerely,
[Your Full Name] [Your Signature (if sending a physical letter)]
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