Fillable City of West Allis Temporary Deferral Form Department (City of West Allis)

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City of West Allis Temporary Deferral Form Department (City of West Allis)

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Department of Development
Housing Division
414.302.8430
City of West Allis • 7525 West Greenfield Avenue • West Allis, WI 53214 • www.westalliswi.gov
City of West Allis Temporary Deferral Form
Property Owner Name:
Property Address:
Phone number: Email Address:
Loan #: Requested Deferment Start Month:
Requested Deferment Time Period:
Please accept this letter as our formal request for payment deferral. I understand my
monthly payment will be adjusted after the deferment period and the total deferred amount
of principal and /or interest will be amortized over the balance of the loan term.
1) Provide an explanation of the reason for the deferment request, what your
situation currently is and what you expect will happen that makes this a temporary
situation.
June 8, 2020
Page 2
2) Wh
at deferment option are your requesting as a borrower:
DEFERMENT OPTIONS
Deferral of 6 months
Deferral of: (Choose One)
Full Deferral of Principal and Interest (no Payments)
Principal Only - will continue to make interest payments
Tim
ing: A request for deferments is contingent upon Common Council approval and
direction. You will be required to sign a new note for your loan updating the term of your
loan prior to the deferment.
Pleas
e note that the most efficient way to begin this process is to complete this form and
email it to rahlm@westalliswi.gov. This application will be necessary to have on file and to
commence the process for loan deferment. We will process these requests as fast as
possible. A member of our team will be in contact with you to confirm details and complete
the process. Our goal at the City of West Allis is to be as helpful as possible during these
unprecedented times. In order to provide the best service possible we are asking that
all inquiries be submitted via email to rahlm@westalliswi.gov. This allows us to respond
in a timely manner to all requests and utilize our City team resources in an efficient manner
during this crisis. Thank you in advance for your patience. Stay safe. If you have any
additional questions or comments, please include them below.
To properly use the PDF form, please make sure you have Adobe Acrobat installed
on your device. If you are unable to use the Submit button in the form, please save
and email the completed form to rahlm@westalliswi.gov
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City of West Allis Temporary Deferral Form Department (City of West Allis)

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Completed 17 July 2020

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