Letter Found in a Court Foreclosure File

January 26, 2015

To Whom it may concerned, Dear Sir or Madam, I am writing in regard to case 05-2011-CA-XXXXXX for U.S. Bank Home Loan #9900XXXXX, with total due principal balance of $49,598.84 (last statement balance as of scheduled due date 5-1-11) with suggested minimum payment amount of $603.67 with total amount past due of $3,742.55.

As of now I apologized for my short coming due to unable to make any payment due to work laid-off, and loss of my job, And for Now, I am presently unable to pay this bill.  The purpose of this letter is that you stop any and all communications with me under 15 U.S.C. section 1692 (c). I am making Great Efforts to find work, including further education & training. I expect to find work soon and can resume making payments soon after that.  Honestly, my family and I were distressed by this situation and presently having financial difficulties. There’s hardly enough to make payments to meet my monthly utilities plus food cost.  As of today, June 16, 2011, am also coping with Lost Loved Ones due to heart strokes (spouse) and still did not give a decent funeral and memorial service for her last remains and can’t afford to offer any minimum amount payment without accrual of interest and other charges might applied prior to pay-off of the balance.  If there is a chance and opportunity of Good Money Blessings in the Future, I have Faith I will pay this existing balance in due time, in a short period of time. This letter is not an admission that I owe this money. I do my best.  I trust I can resolve this matter in due time.

Sincerely and respectfully yours,

Mr. V.S.

U.S. Bank Home Mortgage Customer


Some Facts About This Case:

Mr. V.S. and his wife borrowed $63,800 on November 17, 2000 to buy a 1,231 square foot house with three bedrooms and two baths, in Palm Bay, Florida.  They paid $75,600. The lender sold the loan the next month to Leader Mortgage.  Mr. & Mrs. V.S. defaulted on their mortgage in 2011 and U.S. Bank, as successor to Leader, filed for foreclosure.  The court granted U.S. Bank’s foreclosure and entered a Final Judgment against Mr. V.S. on August 15, 2012.  U.S. Bank bought the home at a foreclosure auction for $49,600 on December 6, 2012.  U.S. Bank deeded the house to HUD on October 31, 2013.  HUD sold the house on April 30, 2014 for $47,700.  The next day, the HUD buyer flipped the house and sold it for $57,000.