[Your Name]
[Your Address]
[City, State, ZIP]
[Email Address]
[Phone Number]
[Date]
[Bank Name]
[Foreclosure Department]
[Bank Address]
[City, State, ZIP]
Subject: Dispute of Foreclosure Account Balance
Loan Account Number: [Enter Loan Account Number]
To Whom It May Concern,
I am writing in response to the recent foreclosure proceedings and subsequent notice received regarding the outstanding balance on the above-mentioned loan account. I hereby dispute the balance stated on the notice as being $22,500; however, I firmly believe that the accurate outstanding balance is $21,000.
In order to resolve this matter amicably and rectify any potential errors, I kindly request that you review my loan account history and provide detailed information on how the balance was determined. It is crucial for transparency and the protection of my rights as a borrower that all financial transactions associated with this loan account are thoroughly assessed.
Moreover, I would like to remind you that it is my legal right, as outlined in the Fair Debt Collection Practices Act, to receive verification of any debt allegedly owed to your institution. I kindly request a comprehensive itemization of the balance, including all principal, interest, fees, and charges associated with the loan account.
I would also appreciate a prompt response within [insert timeframe, e.g., 30 days] from the date of receiving this letter. I urge you to thoroughly investigate and rectify any inaccuracies found concerning the balance on the foreclosure notice. Failure to provide a satisfactory explanation and reconcile this discrepancy may force me to seek legal remedies to protect my rights and dispute any potential wrongful actions.
Please share any supporting documentation, loan statements, or relevant information that can help clarify the outstanding balance, including any additional fees or charges that have been applied without my knowledge. I encourage open communication and an opportunity for resolution.
Thank you for your immediate attention to this matter. I trust that you will promptly investigate and rectify any discrepancies regarding the balance on the foreclosure notice. I look forward to receiving your response within the specified timeframe.
Sincerely,
[Your Name]
Write a response to a foreclosure disputing balance not 22500 but 21000
1 answer