Loan Modifications–Sample Letter of Authorization

Posted by: on Thu, Feb 07, 2013

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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: _______________________

Address: ________________________

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.

Sincerely,

____________________________________
(Borrower)

About the Authors: The law firm of Albright, Stoddard, Warnick & Albright is an A-V Rated Nevada-based full-service law firm having attorneys licensed in Nevada, California and Utah. Our firm’s practice includes a strong emphasis on personal injury accidents. Call us at 702-384-7111.

Note: This article, and any other information you obtain at this website, is not offered as legal advice, nor should it be relied upon as such, nor is it a solicitation for legal services. Only a licensed attorney can advise you with respect to your specific legal needs. We welcome your contacting our firm to discuss such representation. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.