Sample letter of explanation. Date. Lender name. Lender address. Lender city, state and ZIP code. RE: Your Name and Application Number. I am writing to explain the absence of any payroll deposits ...

Sample Letter 3: Fighting Repossession. ... [Brief explanation of actions you’re taking, e.g., selling personal belongings, seeking a loan from a friend or family member].

Sample letter of explanation. While the exact content of your letter depends on your circumstances, you can use this sample letter of explanation to a mortgage lender as a template: ...

A letter of explanation should tell the lender why an event happened and describe steps you’ve taken to solve or recover from the issue, if applicable. Not every borrower needs to write a letter ...

Sample Letter of Explanation. If your lender asks for a letter of explanation, you’ll want to state what the issue is and, if needed, describe how it was resolved.

Promptly providing a letter of explanation to your lender can help expedite the loan process and move you one step closer to closing. If you don’t, your loan closing could be delayed or even denied.