This is a one-page example of a mortgage gift letter. As with other letters of this kind, it notes that no repayment of this gift is expected or implied either in the form of cash or future services of the recipient.
A gift letter is written correspondence stating that money is sent to a friend or relative is a gift. Oftentimes a gift is made towards purchasing a new home or other real estate property. This is a simple version of a gift letter.
This is a simple one-page VA/FHA/Conventional Gift Letter. It contains a reference to the Section 1010 of Title 18 of the United States Code (Department of Housing and Urban Development Transactions), which is not quoted in full.
This template contains a phrase typical for money gift letters, which states: “The funds provided are a bona fide gift and there is no obligation, expressed or implied, for the borrower/recipient to repay the gift in cash or other services of any kind either now or in the future.”
This letter is supposed to be used when a filer wants a debt collector to stop contacting them. After receiving this letter, a debt collector is only allowed to contact a filer one final time.