Rm Payment Reminder Letter printable pdf download

Rm Payment Reminder Letter

Required payments are coming up.

Need help? Call <XXX-XXX-XXXX>

IMPORTANT NOTICE

regarding your reverse

mortgage (loan number

<XXXXXXXX>) located at:

Dear [Borrower Name]:

Your reverse mortgage requires you to pay property-related expenses, also referred to as “property charges,”

(such as property taxes, insurance, and homeowner’s association fees) on time. Not paying these expenses

can lead to serious consequences, including default on your loan, demand for payment in full of the entire loan,

and foreclosure.

Our records indicate your <property-related expense> in the amount of <$amount> needs to be paid by

<date, month, year>.

If you have questions or you’re struggling to pay your property-related expenses, call <Servicer Name> at

<XXX-XXX-XXXX> (Monday to Friday from <XX:XX> a.m. to <XX:XX> p.m.)

Do you need additional help? Free housing counseling is available.

If you need additional help, we strongly recommend and encourage you to contact a HUD-approved housing

counseling agency for a free counseling session. Your housing counselor will help you review your financial

situation and may be able to refer you to resources that might assist you in balancing your budget and

retaining your home.We can provide you with their contact information when you call us.

Sincerely,

<Title>

P.S. Be sure to read the enclosed Where to Get Help With Your Reverse Mortgage flyer for more

information.

RM_UPP_LTR_1013

Rm Payment Reminder Letter