February 27, 2009
Stiven Kevin William Aprilio
29 Hackney St, Baguio City
101190
Dear Mr. Stiven Kevin :
This refers to your contract-to-Sell (CTS) account assigned by the developer to LOVE fund to secure your housing loan.
It appears from our records that you are in arrears in your housing loan installment for seventeen(17) consecutive months, amounting to twenty seven thousand two hundred seven dollars ($27,207). The total amount due, including your current installment/ underpayment/penalties, is twenty nine thousand one hundred seven dollars ($39, 107). Attached, for your reference, is a copy of your Statement of Account.
Please be advised that your account is already in default for failure to pay your arrearages within the 60-day grace period prescribed in your CTS. In view thereof, LAST adn FINAL DEMAND is hereby made upon you to settle your account within seventeen (17) days from receipt of this letter at any LOVE fund Branch or any of our accredited collecting agents/banks
If we do not receive your payment within the given period, we will be constrained to apply your Total Accumulated Value (TAV) to your housing loan arrearages. Also we will cancle/rescind the said CTS. In such a case, you will have to vacate your housing unit and surrender the same to the LOVE fund.
Please pay immediately attention on this matter.
If payment has been made, please disregard this notice Should you have any question/inquiry regarding this Notice/Billing Statement, you may visit our office or call us at telephone no/s . 89752510 telefax 949433 and look for Stiven Kevin.
Very trully yours,
WeLthi Sugiarti
Branch Manager
