A foreclosure letter to a homeowner includes the reason the mortgage lender intends to foreclose the home, steps the homeowner can take to correct the impending foreclosure, a statement of the money owed and the consequences of nonpayment. The letter also informs the homeowner of his right to contact an attorney and sell the house during the foreclosure process, according to the Sommer Law firm.
A mortgage lender must send a foreclosure letter to a homeowner at least 14 days before referring the foreclosure case to the court, states Nolo. The letter must include facts that support the right of the lender to foreclose, the homeowner's account information and a statement of the actions the lender intends to take to mitigate further loss. Account information includes the principal mortgage amount, the interest rate, the date of the last payment and the amount due.
Where applicable, a foreclosure letter states the reasons a homeowner is ineligible for a loan modification or other programs that prevent foreclosure. The letter also includes information that may be of interest to the homeowner, such as copies of promissory notes or deeds of trust. Foreclosure letters must be complete, accurate and supported by reliable evidence, advises Nolo.