Fortunately, when your loan officer or an underwriter requests a letter of explanation, it doesn’t have to be a big stress moment. It’s common for mortgage underwriters to ask for a written explanation for certain situations or problem areas in your credit history, employment or other areas.
if the company ever entered bankruptcy, the mortgages in its hands would not enter.. A popular alternative explanation is that pooling financial assets increases. Letter from Senator Maria Cantwell to Attorney General Eric holder (dec. 15, 2011). For a sample of the scholarly literature on the provision, see Callen.
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Ive searched this board, but couldnt find what I was looking for.I have a discharged chapter 7 bankruptcy from 2002. I have been asked to write a letter explaining that to a lender. I was hoping someone has some advice as to what this letter should entail. I mean, should it be brief – this is w.
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How to Write a Letter of Explanation for a Mortgage Lender By Stevie Duffin Updated on 7/26/2017. If your mortgage lender has requested you write a letter of explanation to describe an extenuating circumstance that led to some blemishes in your loan application, consider it an opportunity to satisfy eligibility requirements.
Re: bk explanation letter? I know for me it was just a honest few sentences of why I filed bk. I just put I was a single mother my finances got way over my head and I spiraled out of control and had no other choice after seeking advice from family and friends but to file bk.
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