Foreclosure Request Letter Format: Fill & Download for Free

For Tata Capital Personal Loan prepayment of your personal finance account, visit Bank. We request you to carry the following documents while visiting the branch:Statement stating the clearance of the last installmentRequest letter signed by the loan applicantForeclosure statementPAN cardThe personal loan payment can be made through cash, cheque or demand draft.

My answer to this question is not as exciting as others posted here, but I offer it up as education.As I have written elsewhere on Quora, we were victims of the 2008 Great Recession. Despite securing other work and putting in 60 hours a week on two jobs, and doing without, including emergency food assistance and going without hot water for almost a year, we lost our home to foreclosure in 2011. My jobs just couldn’t cover our bills without my husband’s paycheck; there just wasn’t enough money.I learned that the disadvantage of my lifelong habit of living frugally works against me in a financial crisis; always careful with my spending, when the storm hit, there just wasn’t a lot of fat to trim in the budget. There just weren’t any daily Starbucks lattes or overblown cable services to cut; no downgrading from steak to ground beef because we were already there. It’s bad when the only way to meet the mortgage is to not pay for the gas service to the water heater.The creditors for the credit cards were the worst: they called three and four times a day, including calling me at work. They were really nasty and reduced me to tears. Didn’t they understand I wanted to pay my bills? That my excellent credit score was important to me? That I felt guilty as hell but I was doing the best I could?My only defense was to stop answering the phone and to ignore the mailbox and the certified letters that went unclaimed. Every payday I divvied up the check as best I could, but nobody ever got all they wanted. Dozens of delinquent accounts on a trashed credit report; I think at one point my credit score was less than 430; i.e., it couldn’t be worse.Kimberly Walker's answer to What are some problems only poor people would understand?We lost almost everything, and of course we defaulted on the credit cards.We ended up in a barely-habitable ghetto shack where I could afford the bills. It was better than being homeless, but not by much. Eventually my husband gained new employment, I managed to open and responsibly use new high-interest secured credit cards, and we began to claw our way out of the financial pit to rejoin the middle class.By 2016, most of the delinquent accounts had aged off our credit report and we were able to qualify for a new mortgage. By the time we purchased a new home in 2018, even the foreclosure had fallen off the record. Poof! like none of it had ever existed. Today, our credit score is north of 750.I no longer obsess over my “perfect” credit report. My creditors taught me that. Right now, the water utility company at my former address has placed a delinquency on my credit record because I have refused to pay the $20 they say I owe for water they provided after the documented disconnection of my account. I have emails proving I requested and they agreed to a disconnection, and after six months of arguing with Customer Service that I don’t owe for an account they failed to close on the agreed disconnect date, I gave up. Two years later they are still mailing a monthly paper statement. At this point they’ve spent more than $20 in printing and postage. And they’ve dinged my credit report. I don’t give a shit. That $20 delinquent account is not gonna stop me from securing financing for my bathroom remodel when I’m ready. Potential lenders see my history since 2011 and my excellent score; that $20 I don’t owe and tried for six months to fix is so much piss in the wind. And by 2025 it’ll be gone.Ditto the copay that my former doc-in-the-box says I still owe. Despite my credit card receipt documenting I’ve already paid it.But the psychological scars are still there. My heart still races if I get an unexpected letter from the bank or my credit card. Now they’re sales letters rather than collections letters, but they still manage to put my heart in my throat.Last month I received a very official-looking letter from a law office. It was sternly worded, vaguely threatening. It told me to phone and make payment arrangements immediately. If I did, they could offer that I could pay off my debt at 90% off. An immediate payment in full in the amount of 10% of the debt would prevent further legal action, and it implied I would be a fool to turn the deal down.The letter was referencing a credit card account that I had defaulted over ten years ago.Why is a debt that old still being bought and sold?As far as I’m concerned, the debt collector at work here is one step above a phishing scam artist. Had I given one nickel to this “lawyer,” not one penny would have gone to the original lender, who has long since written the debt off.For ten years, I couldn’t pay my bills, and my creditors lost their money, and I have to live with that. But I tried: I worked myself to exhaustion and injury, I suffered cold and hunger and embarrassment and shame, I lost my home and most of my property and nearly my marriage, and as a resident of the ghetto I was reduced to living in I became the victim of multiple crimes. Had my creditors been understanding, empathetic, kind, I would have sent them $20 a week for the rest of my life. But they weren’t, and while they didn’t get their cash, I paid. I suffered, and I paid.Once the statute of limitations has passed, that’s it.And that scumbag “lawyer” who tracked me down and sent me a scary letter at my fresh-start address should be fucking ashamed of himself.His letter went in the trash. He belongs there too.

For servicing a loan Net payments are an accepted norm. But making a foreclosure is a different ball game and needs the borrower’s presence in the Bank for following reasons.the Bank needs to take the prescribed request letter / form signed by the borrower requesting foreclosure.Bank needs to make an exit interview to ascertain the source of the bulk repayment and reasons for foreclosure.For this they insist on submission of three / six months statement of account from which account ( must be in the name borrower) repayment is made.You need to sign letter of request seeking cancellation of charge / lien and return of Original documents.The bank needs to calculate amount repayable including balance if loan and upto date interest calculated till date if receipt of cleared funds.Also to add and recover other applicable charges , if any, as per original terms of loan agreement.With do much formalities needing to be completed no bank allows foreclosure be done remotely using net banking.