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Monday, December 10th 2018. | Financial Letter

Name In Block Letters Necklace Woman Gold Over Silver Letter Financial

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Although there is no standard protocol for writing a loan modification hardship letter strategies can be implemented to improve chances for a successful outcome. Last year I wrote a book about real estate short sales and had the privilege of interviewing mortgage lenders bank loss mitigators and real estate attorneys. Every professional stated mortgage service providers prefer handwritten letters of hardship. With that being said the debt hardship letter must be easy to read. Borrowers with poor handwriting should ask someone else to write out the letter. Otherwise use a typewriter or word processing program.

Keep in mind that the loan modification is your last chance to saving your home. Do not forget to be courteous and to sincerely thank in advance your lender for considering your situation. One of the mistakes many business and professional people make has to do with writing letters about financial matters. Such letters are too often classed as "routine" and are assigned to employees on the lower rungs. However many of these letters can have substantial impact on your business and should be written with care. Financial matters includes correspondence with stockholders evaluating the financial health of a business applying for loans price increases monetary transactions royalties contracts bad risks franchise operations accounting joint ventures and much more.

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4. State the purpose clearly in a first draft. 5. If the subject has been discussed orally with the addressee make sure you have not said one thing and now presenting different picture. 6. Create an attitude of cooperation or understanding. 7. State clearly what you expect from the recipient. Financial letters are in a class by themselves in a number of ways. Unlike general letters you may write to customers clients sales personnel the media or government officials they are likely to be addressed to people who have specific areas of operation and responsibility. Such recipients include for example loan officers in banks certified public accountants treasurers controllers contract negotiators financial analysts trust officers and brokers.

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