Dear Mr. Bank President,
Re: Loan No. 123456789
I am upset that we American taxpayers have bailed out your industry to the tune of $780 billion through the TARP program and your industry has felt none of the financial pain being experienced by the rest of us.
I am writing to you to request that you do the fair and equitable thing, and write down my mortgage principal to fairly reflect the current value of my home and lower my monthly mortgage payment correspondingly.
If you do not rewrite my mortgage, I will not continue to make payments on my loan after Date. I am also encouraging everyone I know to make this same request to their bank.
Sincerely,
Re: Loan No. 123456789
I am upset that we American taxpayers have bailed out your industry to the tune of $780 billion through the TARP program and your industry has felt none of the financial pain being experienced by the rest of us.
I am writing to you to request that you do the fair and equitable thing, and write down my mortgage principal to fairly reflect the current value of my home and lower my monthly mortgage payment correspondingly.
If you do not rewrite my mortgage, I will not continue to make payments on my loan after Date. I am also encouraging everyone I know to make this same request to their bank.
Sincerely,