New Member
Posts: 4
Registered: ‎08-14-2007

Sample explanation letter

I met with a FHA lender today and was informed that my husband needs to write a letter of explanation for his bankruptcy.  Does anyone have any sample letter that would be willing share?  I don't know where to begin.
Super Contributor
Posts: 8,174
Registered: ‎09-28-2007

Re: Sample explanation letter

You need to explain what happened, why it happened, and why it won't happen again.  They want to know that whatever lead to the bankruptcy was an extenuating circumstance, you are back on your feet, and have re-established good payment patterns since.

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