American Reconveyance Corporation

Declaration of Default
This form is also available as a PDF to mail or fax.

Please use the following documents in institute foreclosure proceedings against:
Note secured by Deed of Trust in the original amount of
executed by
in favor of
Deed of Trust recorded
as Document No.
Substitution of Trustee executed by
Assignment recorded
as Document No.

The amounts to bring this loan current (or pay it in full) are as follows:
Principal Balance: $
Interest Rate
Monthly payments of $
are due for
Interest paid to
Late charge(s) of
is/are due for
An additional late charge will be due on
and after the day of the month thereafter.
Should this loan be paid in full collect a Prepayment penalty as follows:
You may obtain the status of the first loan by contacting:
Company:
Address:
Phone:
Loan #

The undersigned believes the following information to be correct:
The subject loan was recorded in position.
Borrower(s) SSN(s):
Property address:
City:
State:
Zip Code:
Current address of borrower(s):
City:
State:
Zip Code:
Special Instructions:

Reason for Default:
Failure to make monthly payments when due
Failure to pay taxes/insurance etc. when due.
Failure to pay principal when due
  (If loan is due in full, 90 day balloon payment notice has been sent  
yes  no)
Failure to maintain adequate fire insurance
Failure to comply with other terms, as follows:

Any advances made by the undersigned under the terms and conditions of said Deed of Trust will be reflected in a subsequent demand letter. There is a possibility of Assignment of Rents and additional attorney’s fees if the property is being used for rental purposes.

The undersigned hereby agrees to pay all costs and trustee’s fees to AMERICAN RECONVEYANCE CORPORATION upon their written demand. It is further agreed, that in the event the beneficiary acquires said property, AMERICAN RECONVEYANCE CORPORATION shall hold the Trustee’s Deed for recording until all foreclosure expenses have been paid.
 Signature
Address:
City:
State:
Zip Code:
Phone:
   
 Signature
Address:
City:
State:
Zip Code:
Phone: