Authorization Letter for Cancellation of Mortgage

1.

I hope all is well at your end. I Michael Hans am writing regarding my request for the mortgage I applied for on 5th May 20xx in your bank. I received a letter from your bank this morning that my request has been approved and I am eligible for the entitlement of this secured loan.

However, I am not in favor of continuing this application. I applied to get this loan for my higher studies at the university. My application for admission is successful and I got a full merit scholarship. As I will be studying on scholarship now, there will be no need for a mortgage.

Regretfully, I am not able to come to your bank in person as I am out of the city for the processing of my admission and your representative asked me to accept or decline the offer by today. Since I am not available, I am authorizing my cousin, Mr. Shem Anthony, holding CNIC x to cancel the request on my behalf.

I authorize Mr. Shem with full consent and without any pressure. I have requested him to come to your bank and cancel the request for a mortgage. I have submitted my registry of the house as proof of security to you, I request you to kindly not hand over the document to him, and rather I will receive the document myself in the coming week.

In case you need any more verification of Mr. Shem, please do not hesitate to contact me. You may call me on my number [x] or can write to me on [x]. I hope you will cooperate with me in this situation and do the processing as soon as possible. I am looking forward to your positive response. Thank you for your cooperation and understanding. I am highly obliged to you for this service. 

Regards.

Authorization Letter for Cancellation of Mortgage

File Size: 16KB

2.

I hope you are doing great. As per our telephonic conversation this morning I was supposed to meet you today in the bank to talk about my case for a mortgage. I applied for this mortgage last Monday on 4th April 20xx for the amount of $[x] and it was payable in 3 years. The reason I applied for the mortgage was domestic. However, I have realized that borrowing the amount will give me momentarily relief but eventually, I will be in crisis again. Moreover, I will not be able to pay you back the amount as I lost my job yesterday.

I wanted to come and cancel the request myself but I had to appear in an interview in another city. For this reason, I am authorizing my brother, Mr. Zack O Hara holding CNIC [x] to visit you in the bank and cancel the request on my behalf. I am giving this consent without any pressure or force. Moreover, I request you to please hand over the documents I have submitted to you for the processing of the mortgage to my brother.

In case any more information is required, please do not hesitate to contact the undersigned. You can call me on my number [x] or you also write to me on my email [x]. I will be highly obliged for this favor. Looking forward to your cooperation in this matter. Thanking you in advance.

Regards,

Authorization Letter for Cancellation of Mortgage

File Size: 16KB

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