Loan Modifications–Sample Letter of Authorization
Posted by: Mark Albright on Thu, Feb 07, 2013Share this post
January 21, 20
Sent Via Certified and Regular Mail and Fascimile
Residential Loan Servicing Company
P.O. Box _____________
Letter of Authorization and Qualified Written Request
Re: Borrower: _______________________
I Loan Number: ________________
To Whom it May Concern:
Please be advised that I, (borrower), by my signature below, have authorized my attorney G. Mark Albright, to negotiate on my behalf regarding my residential mortgage currently being serviced by ______Mortgage Company, Loan Number ________, for the real property located at ____________________________.
Mr. Albright is hereby authorized by me to discuss with you and your employees and agents, any and all aspects of my home mortgage, including but not limited to, methods and means to renegotiate and modify the terms of my existing mortgage and to possibly revise the balance, interest rate and/or amortization schedule, among other possible loan modifications.
In accordance with RESPA and Section 131(f) of the Truth-in-Lending Act, 15 U.S.C. Section 1641(f)(2), also please provide my attorney with the name, address, and telephone number of the current owner of the promissory note signed by me and secured by the deed of trust, regarding my mortgage loan referenced above.
By my signature below, I authorize you to furnish my attorney, who has also signed below, with the requested information, and any other information regarding my loan account and my proposed mortgage modification.
Please respond within thirty (30) business days, pursuant to 12 U.S.C. Section 2605(e)(1)(A) as amended effective July 16, 2010 by the Dodd-Frank Financial Reform Act and Reg. X Section 3500.21(e)(1).
The written response you provide to my attorney, G. Mark Albright, should include the relevant mortgage documents, including but not limited, a copy of my promissory note, mortgage or deed of trust, closing documents, appraisal, title policy, and any assignments of my mortgage to new lenders or investors.
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