SAMPLE LETTER OF EXPLANATION
TO THE NEW MORTGAGE LENDER
Please copy the layout of this letter, deleting this heading.
Date: Today’s Date
Re: Property Address, if refinancing
Mortgage Loan Numbers
Foreclosure or Bankruptcy Case Nos.
TO WHOM IT MAY CONCERN:
List in this paragraph the circumstances of the bankruptcy filing or the reasons for
foreclosure. Be as brief as is possible and write very legibly. We want the lender to read
Then, list what has changed in your circumstance that allows you to repay the new loan.
Some good tips:
Don’t over embellish.
State a good case.
Show appreciation for lender consideration.