Final Demand letter sample

Letter Head Here



Juan Dela Y. Dela Cruz

#23 Dimahagilap St., Dimalaman City

Dear Mr. Juan Dela Cruz:

This refers to your contract-to-Sell (CTS) account assigned by the developer to LOVE fund to secure your housing loan.

It appears from our records that you are in arrears in your housing loan installment for fiftteen(15) consecutive months, amounting to twenty thousand seven hundred one dollars ($20,701). The total amount due, including your current installment/ underpayment/penalties, is thirty seven thousand six hundred seventeen dollars ($37, 617). Attached, for your reference, is a copy of your Statement of Account.

Please be advised that your account is already in default for failure to pay your arrearages within the 60-day grace period prescribed in your CTS. In view thereof, LAST adn FINAL DEMAND is hereby made upon you to settle your account within fifteen (15) days from receipt of this letter at any LOVE fund Branch or any of our accredited collecting agents/banks

If we do not receive your payment within the given period, we will be constrained to apply your Total Accumulated Value (TAV) to your housing loan arrearages. Also we will cancle/rescind the said CTS. In such a case, you will have to vacate your housing unit and surrender the same to the LOVE fund.

Please pay immediately attention on this matter.

If payment has been made, please disregard this notice Should you have any question/inquiry regarding this Notice/Billing Statement, you may visit our office or call us at telephone no/s . 999898908908 telefax 99898090 and look for juana de Dios.

Very trully yours,

Andrian Dimadukot

Branch Manager