Sample of mortgage default letter



THIS IS A SAMPLE DOCUMENT ONLY AND IS NOT INTENDED FOR USE.

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John Smith, 123 2nd Ave N, Dullsville CO 12345

Peter Nopay

238 16th St. S.

Dullsville CO 12300

NOTICE OF NON PAYMENT

We have not yet received your payment as referenced above which was due on the first of the month. If you have not yet made your payment, please do so immediately.

You are (or soon will be) in default of my mortgage with you. This is notice that you must cure this default by bringing your mortgage current no later than

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If you fail to bring your first mortgage current by that day it will result in acceleration of the sums secured by this mortgage, foreclosure by judicial proceeding and sale of the Property. You have the right to assert in the foreclosure proceeding the non-existence of a default or any other defense to acceleration and foreclosure.

Additionally, on default, it is my intent to exercise the rights described in the Rented Property Addendum. I exercise specifically the right to collect all rents from this(ese) property(ies) as they become payable. The wording contained in the Addendum is incorporated into this notice as applicable.

Very Truly,

 

John Smith

 

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