STREAMLINED MODIFICATION SOLICITATION LETTER
[Servicer Logo]
[Borrower 1 Name] [Borrower 2 Name][Address 1]
[Address 2]
[City, State Zip Code] / [Date]
Reference: [LOAN NUMBER]
Dear [Borrower Name(s)]:
Avoid Foreclosure—Act Now
Your mortgage is seriously delinquent. We’ve tried to contact you to discuss the foreclosure prevention options available to you, but your time to act is running out. To avoid foreclosure, you mustact now.
Option 1: Stay in Your Home
You’re approvedfora Trial Period Plan to modify your mortgagepayment, (see attached).During this Trial Period Plan, you will be required to make three monthly payments in the amount of [$X,XXX] each.*
Please call us at [8XX-XXX-XXXX] by [DATE – 14 days from date of this letter] to confirm your participation and for directions on how to mail your first Trial Period Plan payment. If you follow theterms of the enclosed Trial Period Plan, your loan will be permanently modified.To stay in your home and avoid foreclosure, you must contact us right away or send us your first Trial Period Plan payment.
[If the borrower would not be eligible for a Freddie Mac HAMP modification (e.g., the borrower previously received one), the servicer may remove the following paragraph. The paragraph may also be removed beginning on September 1, 2016, and must be removed on or after November 1, 2016:
*Once you start your Trial Period Plan, we may be able to offer you a mortgage modification under the Federal Home Affordable Modification Program (HAMP) with a lower monthly payment. To see if you qualify, you must submit a complete Borrower Response Package no later than [Month Day, Year].If you have already submitted your Borrower Response Package, we’ll evaluate you for a foreclosure prevention option, including the HAMP modification. In the meantime, you are encouraged to participate in this Trial Period Plan for a mortgage modification.]
Option 2: Leave Your Home and Avoid Foreclosure
If you are unable or unwilling to pay the monthly payment listed above, you have two options to avoid foreclosure – a short sale or deed-in-lieu of foreclosure.You can still avoid the financial and emotional impacts of foreclosure, but you must contact us now.
Contact Us
We want to help you. Call us today if you would like to discussany of these options. If you do not respond by [DATE – 14 days from the date of this letter], foreclosure actions on your home will continue.
Sincerely,
Customer Support
[Servicer Name]
Remember, you must respond by [DATE – 14 days from the date of this letter].
Freddie Mac Streamlined Modification Borrower Solicitation Letter – Page 1 of 1 08/17/16
(Exhibit 1191)