Foreclosure Explanation Letter
This letter is to confirm that at no time during my ownership was the property ever in foreclosure.
I have maintained responsibility for my financial obligations and always strived to ensure that my mortgage payments were made on time. The property was sold in good standing, and there were no issues or proceedings related to foreclosure.
Going forward, I remain fully committed to managing my finances responsibly and maintaining all future mortgage obligations in good standing.
Sincerely,
David W. Coon
11/6/2025
Letter of Explanation
I purchased the property at 68 Abbott Street, Springfield, MA 01118 in 2019 using my VA loan. It was my primary residence for myself, my wife, and my two stepdaughters. During my ownership, I took excellent care of the home and made several improvements, including replacing the hot water heater, refrigerator, washer and dryer, and repaving the driveway.
Following the dissolution of my marriage, we decided to sell the home. The property sold successfully for approximately $40,000 more than my original purchase price.
At no time during my ownership was the property ever in foreclosure.
Sincerely,
David W Coon
11/6/2025
Letter of Explanation
Please provide a statement of explanation for 68 ABBOTT ST, SPRINGFIELD, MA 01118. Has this home ever been in foreclosure while you owned it?
This was my home I bought for $189,000 in 2019 utilizing my VA loan for myself, my wife and 2 step daughters to live in Springfield Mass. I took good care of the home while I lived there, making improvements such as replacing hot water heater, refrigerator, new washer and dyer, repaved the driveway, etc. After the dissolution of my marriage, I sold the home for a hefty profit of about $40,000 more than I paid for it.
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Avantus was a credit reporting agency and technology provider for the mortgage industry that has since been rebranded as part of a larger company called Xactus.
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