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Letter of Explanation Bankruptcy

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					             BORROWER LETTER OF EXPLANATION
In order for us to better understand your situation, p lease provide us in your own
handwriting, answers to the following questions.

SOURCE OF INCOME:
(Pease indicate the amount and sources of all of your income. You may also on a separate
line forecast future income).

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

SOURCE OF REPAYMENT
(Please indicate how you intend to repay your loan. This may include a new loan
refinance, full amortization of the loan or sale of property).

_______________________________________________________________________

_______________________________________________________________________

EXPLANATION OF DEROGATORY CREDIT
(Please to the best of your ability, describe the reasons for your derogatory credit including
any foreclosure action or bankruptcy proceeding and how the loan contemplated here will
help your current financial situation.)

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

_______________________________________________________________________

The lender, broker, assignees and their successors may rely upon this certificate. I declare
under penalty of perjury under the laws of the State of California the foregoing Certificate
is true and correct.

Dated: ______________                         Borrower: _______________________


Dated: ______________                         Co-Borrower:____________________

				
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