2020 Apr 10th

Sample Mortgage Forebearance Letter for Businesses

Dear {BANK},

I would like to formally request a forbearance in mortgage payments and stop the accrual of interest on the mortgage for the following months (ENTER MONTHS) equivalent to ninety (90) days for the following account:

Mortgage account number:

Mortgage Holder: Payment Date:

Payment Date

Forbearance and Non-Interest Accrual Period:

I would ask that you forbear my mortgage for the next three (3) months and add those payments on to the back of my mortgage making them due at the end of the mortgage as opposed to presently. I am respectfully requesting this forbearance as a result of the coronavirus and the economic impact that it has had on my business. Due to the virus and the associated business closings, we have lost significant revenues that have made it difficult to pay our bills. While we have worked on alternate revenue generating options, the cash is not available at the moment, and paying our mortgage would cause us to not have the funds needed to continue to generate revenue. I do not make this request lightly, and I understand that we entered into a mortgage agreement with your institution. I know that if we work together, we will come out of this together.

Sincerely,

NAME

  1. Joe Federici

    Maybe delete the last sentence.

  2. T. Barbanel

    That’s kind of you to share it.

  3. Manny

    Agree with JOE. Last sentence does not apply here. Be Well and Be Safe! Cheers!! M.

  4. Lori Turoff

    You’re welcome. Thanks for the note – last sentence removed. Stay safe, stay home!

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