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I need to write a letter to the judge to explain that I am now under the trial payment with modification so the foreclosure case can stop
You provided insufficient information but legal letter should contain:
your name and surname
your contact phone and e-mail
judge involved (include all honorific after his/her name)
case number or reference
judge name and surname
regarding pending case of foreclosure on my property (address of the property and number and name of the case), please take into consideration that i contacted my lender (name of the lender) and come to the agreement to modify my payment and currently i am on trial period with my lender and modified payment.
trial period was agreed on (date) and commenced on (date).
trial period will expire on (date).
in view of the above i am asking to stay of the execution of the foreclosure process and indeed remove the case from the court.
please find for your perusal authorised copies of the originals (or if requested - originals) confirming above statement:
1. original of new agreement with lender
signed by: (your name and surname) of (your address) on (date)
signed in presence of (clerk of courts or similar authrised person)
hope this will help you, good luck! do not forget to vote...
Posted on Dec 28, 2014
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The process of paying off a loan through specifically structured periodic payments is known as amortization. Amortized loans are different from other loans due to the way the amount and the structure of each payment is determined.
mortgage payments are a common form of amortized loans, and interestingly enough, both the term mortgage and the termamortization find their meaning in the same root word "mort." This term means to deaden or kill, as in to "kill off" or eliminate the loan a bit at a time, via regular payments.
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