Sample letter for loan modification demystified

When you are faced with financial hardship and you want to write an effective letter for loan modification, there are some basic rules you need to abide with for your application to be accepted. I have drafted here a sample letter for loan modification. Start the letter by writing your name, loan number, contact address, phone number, and may be your email address. Then in the body of the letter: To Whom It May Concern I’m writing this hardship letter to you in order to explain the reasons behind my requesting for a loan modification on my mortgage payments. I made my last payment just before August last year, since then I was not able to make any other payment on my monthly mortgage, reason is because of my husband terminal illness with gulp huge amount of money from our treasury since then it become increasingly difficult for me to handle alone. I am requesting for an interest reduction down to YX% from my current XX%. I feel it is a fair percentage for you, and this will be within my means. Prior to husband illness, both of us have been making enough to carter for our mortgage. Even when our interest rate rose to XX% we had no difficulty paying it. However, since the illness, I was left with half of the monthly income I had before. I had been pulling together enough to pay the bills and mortgage by pulling from our savings and the small amount of life insurance I received, but I can not cope for now that is why I requested for loan modification option from you. Without you lowering my interest rate, I won’t be able to afford the monthly payments. I have to make a choice between a loan modification and a foreclosure. I prefer the former far better than the later, and you probably would as well. YX% is the most I can afford now, even if I cut all of my expenses out of the picture. Please consider my application seriously and I hope to hear more from you on this matter soonest. Sincerely, Your Name (with date) You will notice that this letter is simple but straight to the point, it explain the circumstances of the loan seeker and her ideal interest rate based on her present income, she also showcase seriousness, she also let the lender know she would like to still maintain her home, the letter also pleads a good case for the lender, your lender must be aware of your choice between modification and foreclosure, although your lender may lose money on loan modification but it can not be compared with foreclosure, if you get all your facts, numbers and story straight you can put up a compelling hardship letter. Further more, for essential tips and facts on how to get quicker approval on your loan modification, I have done some research on this for you, visit for updated information.

Transition from Military Life to Small Business Careers

Perhaps one of the most challenging career and employment situations imaginable takes place every single day when individuals serving in the military prepare to move from military service to a new career. This involves thousands of motivated government employees who at first glance should have absolutely no trouble in obtaining an appropriate job. It is hard to imagine any prospective employees who would have more motivation to work hard and succeed in whatever they do.

Despite initial appearances, military personnel are currently experiencing a high unemployment and underemployment rate. Perhaps because of this or outdated assumptions about the value of all forms of college education, the first step in military transition to business careers is often a decision to obtain a college degree. This can prove to be the right move in some cases, but it can also become an expensive mistake.

The difference between education and training is frequently misunderstood by many people, and such misunderstandings probably contribute to a disproportionate percentage of career choices focusing on educational institutions instead of more specialized (and much cheaper) career training programs. While advanced education has a special place for specific purposes and goals, it is simply not the best career choice in a surprising number of cases. One of the best possible illustrations of this dilemma occurs when someone is departing from the military. In this situation, education can appear to be the “easy” decision. But with more scrutiny, training frequently emerges as the “smart” decision.

Just as specialized business training is usually one of the most cost-effective strategies available to small businesses, the selection of a practical career training program will often prove to be a more cost-effective military transition alternative in comparison to other options that include lengthy and expensive university studies. It is true that the most viable and appropriate training choices will require some investigative time and effort to evaluate thoroughly. In large part this is due to the fact that colleges and universities have extensive marketing resources to advertise and persuade while the less well-known training opportunities are more of a “word of mouth” situation.

For example, one of the most effective career training situations devotes no resources whatsoever to advertising and lobbying. In this case the program leads to a small business finance consulting career. Because overhead is much less than the highly-capitalized universities, the cost of such services are understandably much less. Unfortunately it is not always true that you get what you pay for, so a prudent military transition will require due diligence from start to finish.

Stephen Bush has provided candid business advice to small business owners for over 30 years. He specializes in business negotiating and business proposal writing. Steve offers career training programs for small business finance consulting throughout the United States and Canada. He is a U.S. Navy veteran who works directly with individuals leaving military service and helps with the transition to a small business career.

Setting goals To become That Successful Internet Entrepreneur

Starting out to become a successful entrepreneur is a exciting emotional time in a persons life. A decision has been made to break away from the normal way of thinking about work and money possessed by the majority. The majority meaning about ninety seven percent of the population.

Becoming a successful internet entrepreneur requires changing the way you were programmed to think. The decision has been made, backed by a commitment to become one of the -three percenters- that have chosen to take control of their financial future and live life on their own terms. There is no longer a boss making decisions about when, where, and how you will make a living. It will be all up to you either to succeed or fail.

The most important aspect of becoming a successful entrepreneur will be your ability to set a goal and do what ever it takes to reach that goal. Realize that you must not just show up for the game, you must play to win and to win you must set goals.

Almost everyone from business professionals to athletes have been coached on the need for setting goals and just how important it is, but many do not understand why they can not reach their set goals.

What does it Require to reach a Goal?

Why some succeed and most do not is that those that succeed have learned to attach a strong emotion to why their goal must be reached.

Whether we are money hungry entrepreneurs or some other noble profession there has to be a deep underlying emotion attached to a goal. Just saying I want to make more money in itself can not be a goal. The questions must be asked, why do I want to make more money, how much money do I want to make and how will I feel when I receive this money? How will it make me fill emotionally, happy, jubilant, thankful, relieved? Concentrate on this emotion and how making more money will enforce this emotion.

Finally, a time frame must be put on this goal.

What exact date and time will this goal be met? A goal without a date and time set on it is merely becomes a wish and not reality.

To become a successful entrepreneur, one must learn the proper way to set goals both short term and long term.

Steve Kimball has been a business owner and entrepreneur for over 25 years. His main goal is to assist others in achieving the success they deserve online. He has teamed up with the elite marketers at carboncopypro and together they are striving to change the world one person at a time. For more information go to

Legal for trade digital scale for easy and certified performance

A weighing scale performs a crucial function in a commercial transaction. It is the pivot about which trust in businesses is leveraged worldwide. It would be slow and painful if worldwide people could not trust one another and still had to do business together. Therefore the businesses worldwide need to trust another when it comes to measuring the weight. But the best policy is to trust but verify and for that we need to have reliable weighing equipment. The administration recognizes the need for the trust to be maintained in a verifiable manner so that businesses can operate smoothly and efficiently confident that the trust reposed by them is justified.

And for the trust to be justified the equipment used to measure the weight has to be accurate, reliable and durable. And for such a sensitive operation as the measurement of weight it cannot be left to the manufacturers alone to assure the quality. It is for this reason that the government takes it up itself to certify the quality of legal for trade scales. With the advent of digital scales the accuracy and ease of use of weighing scales has improved a lot. And when you buy a legal for trade digital scale you assure yourself of convenience and quality.

Even if you are not doing the weight measurement for a commercial transaction, and you are not required by law to use a legal for trade scale, it still makes sense to opt for one because it is a simple and effective way to purchase highly reliable equipment for your critical operations. A legal for trade scale can be expected to cost more than a similar scale which is not certified but that premium is well worth it because you can be sure to have an accurate scale that is able to perform reliably and does so for a long time.

Legal for trade digital scales are available in a wide range. You can find one that matches your needs conveniently by going online. You can also look for special offers. You can see the latest legal for trade digital scales at www.paylessscales.com.

About Author :

Lawrence has been in the weighing machines industry for the last 14 years. He has been interested in the penetration of digital scales across various market segments. His special area of interest has been maximizing the value proposition of a digital scale. You can know about a legal for trade scale & other digital scales at www.paylessscales.com.

Unit Trusts And Open Ended Investment Companies Collective Investments

Unit Trusts and Open Ended Investment Companies Collective Investments

Unit trusts and Open Ended Investment Companies (OEICs) are types of collective investments. In a collective investment, each individual investment is pooled with every other individual investment and then invested as a whole by the manager of the investment.

Different unit trust and OEIC funds invest in different asset classes – shares, bonds, cash and property. Some funds focus on just one asset class, while others invest in two or more. Irrespective of the asset class or classes they invest in, most fund managers will hold a wide spread of investments in their chosen asset class. That is one of the reasons why unit trusts and OEICs are popular with investors spreading investments across a range of businesses can help reduce a funds volatility and the risks for its investors.

Although unit trusts and OEICs are both open-ended investments, where the size of the fund varies according to market supply and demand, there are a number of key differences between the two types of funds.

Investors in unit trusts buy and sell a portion of the total fund in the form of units. The price unit holders initially pay for units (the bid price) is higher than the price they can sell the units for (the offer price): the difference between the two prices is known as the spread. In order for unit holders to make a return on their investment, the closing bid price must always be higher than the opening offer price. An OEIC fund on the other hand, does not trade in units but issues shares to its investors and is therefore an investment company – a less complex entity than a unit trust. Shares in an OEIC have a single price, which is determined by the value of the fund’s underlying investments. All shares in an OEIC are bought and sold at one single price, so theres no bid/offer spread to take into account.

The value of an investment in a unit trust or OEIC will vary according to the total value of the fund, which is determined by the performance of the investments the fund manager makes. Unit trusts and OEICs usually impose an up-front charge and annual management fees, some of which are declared as a percentage of the investment, while others are built into the price.

Finance Will Become Lovable Subject For The Learners

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Click bank-merchant

What is Click bank-merchant?

Click bank merchants are vendors who are inter-faced by Click bank with their customers.
Click bank process the sales order, gets the payment approved, and handles billing, enquiries.
Click bank merchants act as an interface between the vendor, bank and the customer.
How does the process of making money work for Click bank-merchants?

The working of a click bank is very simple.

The vendor places the click blank link on the website where he sells his products.
When a customer clicks on the order link click blank allows the customer to view the price against the name or picture of the product.
On acceptance of the credit card number, transaction is completed
Click bank then sends the payment to the vendor
Click bank works on the basis of commission on each sale processed.

What resources or skills will you need?

It is very easy to access Click bank services. All you need to do is to sign up with Click bank and create a link to your web site.

How do you get them?

Click bank can be accessed with ease through major search engines.

What is the investment?

Firstly, you must sign up for a click bank account. This is mandatory to ensure that Click bank processes your bills and payments in a smooth manner. The account opening is free but when you start your sales an activation fee of $49.95 and a deduction of $1 + 7.5% from every sale processed are charged.

Who is the competition?

Clicktosell and Paydotcom are competitors to Click bank. They have taken over merchants from Click bank and created a better version of the product to bypass the issues faced by clients of Click bank.
Click bank holds the market monopoly but Clicktosell and Paydotcom are also popular service providers to e-traders.
Clicktosell offer many added features including the ability to sell downloadable materials and subscription products using pay to sites like Paypal, Authorize, World pay and Gcheckout
Alteration to the accounts are done free of cost
Save almost 90% on commission
Supports all currency
Merchants are rated according to how they pay their commission

Level of difficulty, Easy, Medium, Difficult – Why?

Making money through Click bank is relatively easy. Click bank holds the market monopoly and is easy to access and create a link on your site.

How much money can you expect to make and how fast?

With practically no initial investment, Click bank offers a cost effective way of making money quickly.
This option reduces the stress of maintaining billing, payment and refunds on returns.
Merchants can cut down on human resources otherwise required to monitor payments and bills.
The time saved is effectively used in creating new products to earn more profits
The money saved cannot be seen physically but employing Click bank cuts down on a number of over head costs.

Non Status Bank Accounts – An Answer For All Your Business Queries

For the smooth running of the business, bank account is compulsory. But business people with bad credit history find it tough to open one. In such circumstances non status bank accounts proves to be quite beneficial. This account is particularly designed in helping new entrepreneurs to turn into good reputable professional business entrepreneurs. These accounts are perfect for those people who cannot show their revenue and facing dreadful credit ratings. It gives an extra opportunity to the bad creditors to show them a good account holder. One can get this account with no restriction in any reputed bank as a number of high street banks offer this banking service with several services.

Every UK consumer can get this account to structure a new company or to run finances of any accessible business. Non -status bank accounts are accessible without the trauma of prolonged paper work and business strategy. Any individual can take this banking service just by providing your identity and address proof. The documents which you offer with the submission form enable you to create your new bank account to hold your business money.

Whether you are a sole trader, have a partnership firm or a limited company these offer you a number of benefits that helps in construction of your business. Some of the services obtainable by banks are its no credit check scheme which helps everybody to qualify for this account the ideal for people suffering from a poor payment status, Infinite deposits and withdrawals facility, Cheque book and debit card is also accessible. Free and usual updates, Internet and telephonic banking are also provided for more ease.

With these accounts, banks give the individual money manager that look after your account and confirmation of all your transactions. This manager helps you to craft right fiscal result and to get back your fiscal life on track.

Online you will find a variety of such banks and service providers that assists you in opening this account with several non status banking. That is why it is sensible that you much check out all the circumstances and facilities before making any decision.

Test Bank – A Helping Hand in Clearing the Tests

Test is the most important aspect in determining the candidate’s ability in order to get promoted to the next level or to get qualified for the position a person is looking for. A Test Bank is very helpful for the people who want to sit for a competitive examination which will determine the success of the candidate in getting qualified for the next stage.

Some of the examples of competitive examinations are CAT, MAT, Bank PO, SAT and GRE. These types of competitive examinations are conducted from time to time by various institutions. Some of these exams are conducted to choose the right prospective candidates to fill certain types of vacancies and some of these types of exams are conducted to identify the candidates who are eligible to get enrolled in a specified type of training course such as MBA, Engineering, MCA etc. offered by premium institutes of high repute.

Many people do not know how to go about the preparations for the upcoming competitive examination and search many ways of help to get prepared but for them, test banks are the only way to refer apart from regular studying of the course materials with selective topics. The test bank will give them a fair idea as to which types of questions are likely to appear in the exam with their solutions.

Different types of Test Banks are available for the examinations of different types but all the tests are designed to test the knowledge base, skills, and aptitude of the candidate which determines the suitability of the candidate to reach the next stage. The standardized tests are conducted in this manner and are fixed in the format and the dates are also announced in advance which are applicable for all the candidates appearing for the said test and wanting to get succeed.

About The Author

Christopher Ameji has been associated with providing the content on different kinds of solutions manuals for all the US & international textbooks. The author is primarily dedicated to providing the sources that help the students get the answers to their both even & odd problems given in their textbooks.To visit for Test Bank.

What are Bank Foreclosures and Why are they Important

One of the easiest ways to save money on real estate is to buy bank owned foreclosures. These are a unique form of repo homes and are for sale in cities across the country. Homes are repossessed due to the previous owners inability to keep up with their mortgage payments. These houses are available to the public through auctions and usually sell for much less than they would on the open market. The lending bank that repossessed the home will use the sale processed as a means of recouping their losses. Because of this, buyers can often buy homes for up to 50% off market value.

Save Money Buying Repossessed Homes
Whether you are looking for single family homes, apartments, condos, land or commercial seized properties, you can find what you are looking for at an incredible bargain. There are so many different distressed properties since the bank foreclosure process is not unique to any particular type of property. Best of all, these properties can be purchased at discounted prices in any city in the country.

Just as there are many different property types available at auction, there are many types of lenders and mortgage institutions that sell foreclosed properties. Its important to know about them and the different routes available to buying bank homes. One popular way is federal homes which include HUD homes and VA foreclosures. These are houses available from government lenders.

Fannie Mae and Freddie Mac are two popular sources for finding houses at a discount. These two institutions are responsible for thousands of mortgages in every state.

There are so many options available when it comes to buying homes repossessed by lenders. To make the best decision for you, research them all to find the best fit for you.

Investing in Foreclosed Properties
There are many websites that provide guidance and assistance in researching bank foreclosures or any other REO property. They teach the ins and outs of buying bank repossessed homes that will allow you to maximize the value of your investment. They can also teach you about tax liens and other hidden costs as well as finding the best deals using a few simple calculations.

Finding Foreclosure Listings

NoblePalmettoWholesale.com com does all of this leg work for you, and we only put properties under contract that would make sense to investors. We know there are many costs involved once a property is purchased before an investor can retail the house or hold it in her portfolio. By negotiating with the sellers so you don’t have to, we can free you to concentrate on the things that are important to you.

Tax Tips for New Ecommerce Entrepreneurs

New ecommerce entrepreneurs can find them confused and confounded by the tax and accounting requirements of their venture. And thats a shame: If someones spotted a great new category and successfully built a web presence, heck, that someone shouldnt find themselves bogged down with the accounting minutia. The entrepreneur should focus on increasing traffic, expanding margins, and growing cash profits.

With that in mind, I offer up the following tax and accounting tips:

Tip #1: Dont Incorporate

A true corporationwhether a C corporation or an S corporationsaddles your business with more complicated tax accounting and a bunch of state filing requirements. You dont want to deal with this redtapeor at least not until youre profitable.

Instead, operate your business as a sole proprietorship. If youre concerned about legal liability protection, note that you can setup a one-owner limited liability company, or LLC. A one owner LLC is treated as a sole proprietorship for income tax purposes.

Tip #2: Start Your Business Before Making Investments

Expenditures you make before youre actually in business-in other words, before youve got a business license and before youre selling or trying to sell your stuffarent very deductible.

Specifically, you can probably deduct the first $5,000 of these expenses. But any amounts in excess of the $5,000 must be amortized over the next fifteen years.

What this means is that you want to start your business before you start spending money on advertising, training, web development, accountants and lawyers and so on.

Tip #3: Automate Your Bookkeeping & Accounting

By lawand some people dont know thisyoure required to maintain an accounting system that lets you clearly measure your income. As a practical matter, this means you need to use a product like Quicken or QuickBooks.

But you ought to go one better than simply using desktop accounting software. Make sure that youre taking advantage of online banking and bill payment features which integrate your accounting system with your banking. As much as is possible, for example, you want to be able to move money from PayPal to your bank to QuickBooks simply by typing a few keys or clicking your mouse a few times.

Tip #4: Hire a Payroll Service Before Hiring Employees

Many successful ecommerce business owners can run their operations without employees. And if thats true for you, hey, congratulations. If and when you do need employees, however, dont try to handle the payroll yourself. Oursource the payroll to one of the large payroll service bureaus like ADP, Payroll, or QuickBooks.

These services are expensive. Figure $1000 to $2000 per year. But the services let you avoid the bookkeeping nightmare called payroll and prevent you from getting into payroll tax trouble.

Tip #5: Consider S Corporation Status After Youre Profitable

Ive written and talked much about how S corporations save taxpayers money and how the right way to set up an S corporation is first create a limited liability company and then ask the IRS to treat the LLC as an S corporation for tax purposes.

Wachovia Bank Foreclosures What You Can Do

People whose property are in danger of being foreclosed are understandably often on the edge and worrying about what they could still do to avoid what seems to be the inevitable. Of course, it is easy to lose hope during tough times especially for those who have been hearing a lot about Wachovia bank foreclosures. Many of them are wondering what else they could do to avoid losing their homes. Fortunately, there are available options for you as a borrower even as you are facing a possible foreclosure.

What You Can Do

The first thing that you need to do once you get wind of the fact that there might be a foreclosure on your property is to pause and let in some clarity of your mind. Do not let panic set in yet. What most people do not know is that they could actually take some immediate action to get help. Contacting your lender for assistance, clarification and possible solution is highly recommended.

If you are worried that you might not be able to make your payments and fulfill your obligations under your mortgage, you can always contact the number provided in your Wachovia billing. This is the most reasonable option for people who are foreseeing possible difficulties in the months ahead for their mortgage payments but want to avoid having their property join Wachovia bank foreclosures. The good news is that there no workout fees that will be collected from you when you contact the bank. It is just making sure that you know your options once the challenge has began.

Usually, a borrower would look for the loan collections department or even the loss mitigation department. The bank would then redirect you to these departments but you should be prepared to produce all your relevant financial information that can help you convey your message to the bank. Your income data, expenses and other financial information that shows your assets, balance and liabilities will help give the bank an idea on how to proceed with or work out your dilemma.

Wachovia will then assess your situation based on your circumstances. There is no one solution for all borrowers and cases are dealt with according to their own facts. But there are possible solutions that Wachovia can provide you including a short-term relief or a loan modification in case where there is a longer-term financial difficulty.

And you do not have to worry about calling Wachovia and finding unresponsive people on the other end. They actually have trained people who handle calls relating to Wachovia bank foreclosures and generally, they offer three possible solutions. First, you can increase your monthly payments for a specific period to cover any missed payment. You may also choose to put your missed payments at the end of your mortgage. And finally, you may want to altogether modify your loan to accommodate your present and pressing needs.