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.

Premium Finance – Wealth Creation Calculator

Premium Finance boasts of various wealth creation strategies to help you effectively manage your personal finances.
Managing your finances is easier said than done. Mortgages, home expenditures, luxury items, health expenses, and taxes are enough to dry up your wallet. However, that should never be the case. All it takes is some serious planning and self-discipline. In addition, Premium Finance is more than willing to help you with your financial issues. With the help of wealth creation calculator, retiring can be done early. Not only that, putting your trust in Premium Finance will also help you with consolidating debts and decreasing your monthly expenditures. Eventually, you can save more cash. Hence, you will see that you are well on your way to generating and maintaining more income.
The Premium Finance wealth creation calculator can help you choose the right investments to make. Why settle for complicated wealth creation calculators when you can have an easy-to-use and highly efficient calculator right at your fingertips?
In relation, this method will certainly reduce the amount of stress you’ll experience when handling your bills. Financial plans can be easily developed, all it takes is that you follow your financial plans tirelessly. Soon enough, you will enjoy living your life the way you want to.
Premium Finance offers a genuine and authentic service that is designed to help your personal finance and allow you the opportunity for you own investments to grow each year and offer you the retirement income you want.
Premium Finance can help find answers to questions such as:
* What are your plans?
* How and when to pay off debts?
* How much do you need before retiring?
* How are you going to spend your retirement?
With Premium Finance, money problems are a thing of the past. However, the power to create more wealth is in your hands. Once you’ve made that decision, contact us and we’ll give you a nudge in the right direction. Even better, our relationship managers will guide you in managing your finances with ease. You don’t have to wait any longer. You can start creating more wealth right now with Premium Finance
The Premium Finance Services Wealth Creation Calculator will be online soon

Significance of loan modification to protect property foreclosure in Las Vegas

You can save your property like homes from the foreclosure procedures if you have some effective alternatives in your mind to deal with the hefty installments that need to be paid every month for the mortgage loans. Yes, there is no denying the fact that you will be capable of restructuring the loan amounts with a fresh start if you are really unable to pay the monthly installments to the creditor. It has been often seen that people are confused and frustrated enough to find a feasible and most viable solution for this problem of loan non-payment and they let their assets to be foreclosed. In such odd conditions, loan modification is the only solution to save the property foreclosure and it will also allow you to repay the loan amount completely.

Eligibility to opt for modification of loan terms

Well, everyone who has taken some sort of loans from the creditors is not eligible for the modification of loan amounts rather there are some criteria that must be fulfilled by the debtor. There are debt relief lawyers in Las Vegas that will help you in fixing the criteria and other loan issues which might have deprived you of your assets and property. In fact, the person should be fully incapable at the financial front to pay the loan amount along with monthly installments. You will have to detail out all the sources of income and monthly expenses due to which you fail to deposit the loan installments. On the other hand, there are a few reasons due to which you might become unable to pay your loan such as prolonged illness, loss of job or fatal accidents that can be considered as viable causes for modification of loan.

Modification of loans as the best solution

If the debtor is fully aware of the fact that loan cannot be repaid at any cost with current incomes, you should definitely opt for the effective modification of loan with fresh interest rates and lower monthly installments. This type of move will certainly save your property from immediate foreclosure which is common occurrence in the life of people. This process of modification will allow the debtor to get enrolled in new loan type of either with fresh loan terms or loan refinancing which will cover your financial crisis. If you are also entangled in the same situation of non-payment of loans, loan modification las vegas is something which will help you in sorting out the major problems.

Author Resource:

The Author is conveying information about Las Vegas Foreclosure Services and loan modification las vegas. You’re probably thinking, everyone says that, so, what’s different here. It’s the commitment of quality, genuineness, and a guarantee that values your time and interest.

Different Types Of Mortgage Modification Scams

One of the kinds of scams that the government is quick to crack down on is foreclosure consultants offering false loan modification services to homeowners facing the loss of their homes . While the government is providing its own modification programs, it is also going after a number of fraudulent schemes that have been used to trick borrowers .

There are a large number of scams that target foreclosure victims, but the loan modification one may be the easiest for the criminals to engage in. The general way it works is that borrowers pay hundreds or thousands of dollars for the services of a loss mitigation company. After signing the agreement and taking the payment, however, the company provides almost no services, resulting in the borrowers losing the property.

Many mortgage modification scams are almost entirely made up of borrowers paying money to a company which then sits on the cash, performs almost no services, and simply disappears or denies giving a refund after thehomes is auctioned. There are hundreds of complaints about such companies, and it seems as if the attorney general of one state or another shuts down a new one every week.

However, there are some differences on the theme, as well. For instance, some loss mitigation companies will take borrowers money and obtain an unaffordable modification program, even if there is a chance to negotiate with the financial institution for a more beneficial arrangement. The company obtains the first, easiest modification possible, presents it to the borrowers, and declares its work done. Unfortunately, though, an unaffordable plan will not help borrowers remain in their houses.

Another variation on the scheme is simply to charge borrowers to attend loan modification seminars. This may be as part of a larger program to help them negotiate for better loan terms, although the seminars can cost upwards of several thousand dollars. If the borrowers do not attend the seminar, they will not receive help from the foreclosure scam company, which will blame the failure on the borrowers.

A final scam related to loan modifications that is being heard of more often is companies charging for loan audits that are performed by someone other than an attorney. Information provided in these audits is also often unnecessary, as the claims that the borrowers are encouraged to raise are barred by the expiration of the statute of limitations for that particular argument. For thousands of dollars, borrowers are told what will not work in defending their homes.

Unfortunately, many borrowers are taken in by these and similar scams every day. States are most often behind in prosecuting and shutting down these companies because there are simply so many of them, and the dollar amounts they steal from borrowers are relatively small. Thus, it is up to the borrowers themselves to make sure they are dealing with a trustworthy company or individual who is offering them foreclosure help or negotiation services in the pursuit of a loan modification or other workout option.

Boat Loans And Boat Finance

Financing your next boat is a very important process, as you want to choose a finance package most suitable to you. There can be many things to check including
Boat loan interest rate
Fees and charges
Break fees if you paid it out earlier
Can you pay extra payments
Time it will take to approve and settle your boat loan
Does the boat finance company suit your criteria to approve the finance

You can have unsecured or which can affect the cost of your loan.

It can be a requirement of the boat finance company to have fully comprehensive insurance on your boat before purchase and while you pay off your boat loan.

Finance companies can assist to ensure you have a hassle free boat purchase and help with
Encumbrance checks to ensure that there are not any outstanding loans from the prior owner left against the boat.
Title check or confirming the ownership of the boat you are purchasing.
Clear transfer to seller of the amount financed on the boat purchase. .
Boat loans, subject to the finance companys approval can be financed to the full cost of the purchase including
On-road costs and taxes.
Boat Insurance
Marine breakdown warranties
Loan protection for death, disability and unemployment.
Older boats can be ok. Boat finance can apply for all ages new and used depending on the boat loan lender.
Finance structures can be flexible to suit your circumstance. Options to consider on your boat loan could be
Delayed payment boat loans so you first payment starts at a extended time into your finance contract
Interest only payment options including balloon payments.
Extended finance terms
Structured boat finance payments to suit your life style or your work cash flow
Construction boat loans
There are many marine finance options available for imported boats.
Commercial boat finance options are available that could be suitable for business use. Some factors to consider that relate to business car financing are:
Chattel mortgage boat finance

The structure of your business car finance can affect your taxation claim.
Dealing through a reputable boat loan broker can give you a choice of boat finance lenders. It is important to know that you may get boat loan interest rates and loan fees and charges cheaper than banks.

Climate Modification and Volcanoes

Climate modification is a multi-faceted and complex subject. In this article, we take a look at the relationship between climate modification and volcanoes.

Climate Modification and Volcanoes

The climate modification debate is a nasty one. Parties pick their positions, dig in and refuse to listen to the rants of the other side. Lost in the yelling is the simple fact that climate modification is a natural phenomenon to some extent. For proof, we need merely look at the materials kicked out by volcanoes.

It is an undeniable fact of the earth record that volcanoes have changed the climate during certain periods. Small explosions don’t have much impact, but large explosions send massive amounts of material and gases into the atmosphere. The gases include carbon dioxide, the ultimate bugaboo greenhouse gas. Beyond these gases, however, volcanoes can kick out so much debris and ash that the material in the atmosphere can actually block out the sun or reduce the warming effect.

Mount St. Helens is the most studied and well known recent eruption. Unless you have been meditating in a cave for the last 20 years, you know that the volcano exploded on May 18, 1980. The eruption was powerful enough to flatten everything for 17 miles, immediately turning 10 million trees into so much firewood. The huge volcanic ash cloud stretched halfway across the United States, but barely had an impact on global temperatures.

In contrast, the eruption of the El Chichon volcano in 1982 had a measurable climate impact. El Chichon is located in Mexico and was a much smaller eruption than Mount St. Helens. Still, the average temperature around the globe cooled by one degree. What scientist learned is the climate modification impact of volcanoes is highly dependent on the type of explosion. The materials from Mount St. Helens fell out of the atmosphere quickly, while El Chichon belched enormous amounts of sulfur that remained in the atmosphere for much longer.

One of the problems with climate modification is it occurs over a relatively long period of time. Since we started paying attention to the situation, we have not had a chance to see the impact of a major eruption. The stuff we see on television is really small potatoes compared to historically eruptions of note. For example, Mount St. Helens threw roughly a half a cubic mile of material into the air. In 1815, a volcano in Indonesia belched 24 cubic miles of material into the atmosphere. Obviously, one has to imagine it impacted the climate of the earth.

Is there a relationship between climate modification and volcanoes? Undoubtedly. From what we see, however, the relationship is generally of a short duration and not an explanation for the rising temperatures we are seeing currently.

Rick Chapo is with SolarCompanies.com, a directory of solar energy companies. Visit us to read more articles on solar power and global warming and volcanoes.

Mortgage Modification Companies – Are They Legit

Facing possible foreclosure is indeed a highly stressful situation for any homeowner; this is your home, your security, your future! Deciding to go it alone or have a mortgage modification company assist you can be very confusing and only adds to your stress! Which is best for you? Are there mortgage modification companies out there that are legitimate?

Let’s first look at going through the process on your own. Depending upon your lender there are many requirements that must be met to qualify for a mortgage modification. There are a lot of forms and crucial information that must be presented correctly and accurately if you hope to qualify. You can do the research required; you can contact your lender yourself as millions have and had very successful outcomes! The key here is to do your homework! Make sure you know exactly what your lender requires! Leaving out even one form or one piece of vital information could be the determining factor in qualifying and getting approved! If you are comfortable doing the research and filling out the forms and in dealing directly with your lender than you can certainly do this on your own!

If you don’t feel quite as confident and want help, it is available! There are legitimate mortgage modification companies that will walk you through the process and deal with your lender so you don’t have to. You do need to do some homework before choosing someone to assist you! There are some scams out there to be wary of! Mortgage modification companies will charge a fee that can be thousands of dollars. For many homeowners it is worth paying that fee for the security of knowing the company is dealing with the lender to get you the best possible modification loan. The choice is truly up to you! Make sure to investigate the mortgage modification companies prior to choosing one to work on your behalf.

You can also hire an attorney to help you with the loan modification process. Usually an attorney will charge more than the mortgage modification companies will because an attorney is on retainer. Keep in mind that you do not need an attorney for this process, again that is up to you!

Denied Mortgage Modification

I frequently hear clients say they were told to not pay their mortgage for 3 months so they can apply for a mortgage modification. Then, after submitting all of the paperwork, the modification is denied. Or, they’re just put into a trial period, the whole while believing that their mortgage is modified. Then they really are surprised to be served by the Sheriff with foreclosure documents. They really are rightfully scared, confused and hopeless. They wouldn’t have asked to get a modification if they could afford their mortgage in the first place and now the bank is telling them to pay a minimum of those three months that was not paid so they can apply for a modification or be faced with the prospect of losing their home.

Sometimes, rather then endlessly arguing with the bank, homeowners benefit from meeting with a lawyer knowledgeable about the mortgage modification process or an experienced bankrutpcy lawyer. Many people asked for help with a mortgage modification from their bank hoping to avoid filing for bankruptcy. Some people think that when they file for bankruptcy, they will be forced to sell or lose their home. This is usually not the case. Filing for bankruptcy can sometimes be the only real choice to save your home. In order to learn if bankruptcy may help you, you may want to consult with a local bankruptcy lawyer. If you’re considering filing for bankruptcy in order to protect your home, please don’t wait until the sale date is scheduled. The bank might have dragged their feet with respect to your modification, but time is essential and the earlier you speak with a bankruptcy lawyer, the more options could possibly be available to save your home.

A chapter 13 bankruptcy is the primary chapter of bankruptcy used to stop a mortgage foreclosure. There are very few requirements to qualify to file for a chapter 13 bankruptcy. A chapter 13 bankruptcy will allow you to pay off your past due mortgage amounts over a time period as opposed to right away, like the bank wants.

Only a licensed attorney can provide a homeowner legal advise regarding their situation. There are many ways to locate a qualified lawyer. For example The National Association of Consumer Bankruptcy Attorneys is often a helpful resource in helping distressed homeowners find a qualified lawyer who’s experienced in both mortgage modification issues and the advantages of filing for bankrutpcy protection as it relates to stopping foreclosure proceedings.

Jane L. Weatherly, Attorney at Law, PLLC is a bankruptcy law firm located in Raleigh, Wake County, North Carolina, The firm is a debt relief agency and assists consumers file for protection under the United States Bankruptcy Code. For more information, please call (919)758-9296 or visit .

Commercial Property Finance Buy Property At Low Cost Funds

You wish to invest in a commercial property or acquire property for expending business, but own sources are insufficient or simply do not want to use them for their usages. This is where commercial property finance becomes instrumental in buying a commercial property. Hotels, motels, pubs, warehouses, nursing homes, shopsthere is a never ending list of property

Commercial property finance is essentially a secured finance as huge amount is at stake. The lender usually secure the finance offer by taking in possession the deal papers of the vary property the loan seeker intends to buy. The papers are returned back to the owner at the time of complete pay off the loan. The borrower meanwhile can use the property.

Interest rate on commercial property finance is kept lower which has enabled the aspirants in buying properties and the property business has been booming. But the rate of interest depends also on the type of the property. Lenders usually like to offer finance more for a property which is already generating income. This secures the loan even more and therefore lender may consider reducing interest rate further to keep the customer.

So you must be clear on the purpose of the loan. If you are buying a property or acquiring it, the lender may offer finance up to 80-90 percent of the property value. If refinance is the purpose then you can get additional cash from the value of the property. The lender clears the current mortgage note and balance amount is paid to the finance seeker. If getting finance for rebuilding real estate is the purpose, the lender will give finance on the base of completed property and its value.

Make sure that you choose right lender. While searching for the lender on websites see for the specialization of the lender. Usually lenders take particular field of property for finance offer so that they are focus and have a better understanding of its market aspects. If the lender knows your property well then he understands your financial needs better. He also understands the benefits and risks you are going to take in future. Your finance requirements may change from what they are at the time of finance deal. So the lender may be willing to offer you more finance in future if you choose the right one who understand your type of property.

Search extensively on internet for the different lenders of commercial property finance. Compare their interest rates and terms-conditions to arrive at suitable lender. Apply for the finance online for fast approval of the finance.

Commercial property finance offers opportunity in taking low cost finance for owning property for commercial purposes. Go for the finance after careful consideration of its different aspects.

Why Dub Chrome Rims Are A Popular Modification

Don’t you just hate the fact that modern cars all look virtually identical even though different manufacturers have built them. The reason for this is the way in which vehicles are now designed using computers rather than with an artistic approach. Fortunately, if you want to have a car that is simply unique in its overall appearance, there are various modifications you can have done. A good example would be to fit a set of rims, which adds a greater style and individuality. To be able to stop traffic and turn heads wherever you go you should check out the latest Dubs rims that are available.
A set of Dub rims can instantly make your car stand apart. It adds a personal touch which is not present in most of the vehicles we seen on the roads. Any modifications will require an investment to a certain degree and rims are no different. At the end of the day it will add value to your vehicle, and the respect that is given by other drivers cannot be had through other means.
What model is your car? Whichever it is, there is every chance that each year there are possibly hundred of thousands of units sold. Even on your street there may be an identical motor with the same paint job.
Dub custom rims are created with a top quality finish. The stock rims fitted on your vehicle, if there are any, would not have undergone such a thorough design and manufacturing process. These tires and rims are built to last; they will resist rust for many years if maintained correctly. This is an important consideration if you are to invest a few hundred bucks.
No matter what size wheels are on your car, you will be able to choose a set of Dub rims that give the perfect look. They’re available in a diverse range of shapes, styles and designs. You can easily go for a themed look, for example you may be after an urban feel or a chunky tough looking option.
Our cars are more than just vehicles; they are a way of expressing our personalities. We all jump to opinions about the owners of particular cars. By modifying yours you will be able to express your personality more effectively. Any image can be created through a set of custom rims.
It is important to understand the difference between chrome and alloy rims so that you can create the look you want. Chrome rims are obviously the loudest and most expensive choice. They will need an extra level of care to ensure they are constantly gleaming. If your car gets dirty after every drive then a set of alloy rims may be better. These do not show up dirt as easily and require less maintenance.