• Loan Modification Alert Countrywide tightens Loan Modification

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    November 21, 2020 /  Financial Plan

    Home Loan Modification allows defaulting borrowers to work out new terms with Countrywide, so that they can avoid foreclosure and stay on track. Countrywide began offering the service through their Home Retention Department at the height of last year’s real estate bubble. However, due to the volume of requests coming in, many cases were delayed and resulted in foreclosure. The company hit an all-time low in 2008 and was recently bought out by the Bank of America.

    In line with the change, the Loan Modification Department of the Law Offices of Marc R. Tow is also taking measures to protect its clients. The firm, one of the leading loan modification services in the country, will only negotiate modifications with Countrywide for clients with viable cases and those who are in serious financial trouble. Changes are also expected in national Loan Modification policies. While loan modification is still open to borrowers not in default, new laws may soon limit the service only to those in bankruptcy or serious delinquency. This will allow lenders and loan modification companies to focus their attention to clients who are most in need. The firm will continue to help clients with loans serviced by other companies. Besides loan modification, the Law Offices of Marc R. Tow also offers assistance with loss mitigation alternatives such as short sales.”>Homeowners hoping to get a loan modification with Countrywide may want to rethink their options. Countrywide Financial, best known for excessive lending practices that led to widespread defaults, now has so much bad debt on its books that it may have to tighten up its loan modification service.

    Home Loan Modification allows defaulting borrowers to work out new terms with Countrywide, so that they can avoid foreclosure and stay on track. Countrywide began offering the service through their Home Retention Department at the height of last year’s real estate bubble. However, due to the volume of requests coming in, many cases were delayed and resulted in foreclosure. The company hit an all-time low in 2008 and was recently bought out by the Bank of America.

    In line with the change, the Loan Modification Department of the Law Offices of Marc R. Tow is also taking measures to protect its clients. The firm, one of the leading loan modification services in the country, will only negotiate modifications with Countrywide for clients with viable cases and those who are in serious financial trouble. Changes are also expected in national Loan Modification policies. While loan modification is still open to borrowers not in default, new laws may soon limit the service only to those in bankruptcy or serious delinquency. This will allow lenders and loan modification companies to focus their attention to clients who are most in need. The firm will continue to help clients with loans serviced by other companies. Besides loan modification, the Law Offices of Marc R. Tow also offers assistance with loss mitigation alternatives such as short sales.

  • Child Support Modification – Support Relief For Fathers

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    November 21, 2020 /  Financial Plan

    Child support modification is used to legally reduce the amount of child support paid each month. Many non-custodial Dads are under the impression that once child support has been ordered they are stuck with that specific Court ordered amount. Not true!

    There are many reasons that reducing child support may be necessary, especially in today’s recession economy. Many Dads are losing their jobs, having their hours reduced, or having their pay reduced. Any of these instances may be cause for modification of child support.

    There are special forms, along with instructions, for this procedure provided in DadsCanWin! The Department of Child Support Enforcement has the ability to reduce support payments without a court procedure but may not be willing to do so. Don’t despair, the law is on your side!

    You may feel guilty about needing to reduce your child support payments. You may think it will lower your child’s standard of living and they will dislike you because of it. Well, you need to do a reality check. If you lose your job, or for any other reason can’t make your child support payments, you face jail time! Child Support Enforcement can suspend your driver’s license, recreational licenses, and other licenses you may need to work.

    Sitting In Jail Because You Are Behind on Child Support
    Payments Does Not Help Your Children

    Getting a new job will be difficult if you have no driver’s license and without a new job you will not be able to pay your child support. You can see that this is a downward spiral to nowhere. Just think how your child will feel if you are not there to visit them because you are in jail! Not the picture you want them to have of their Dad.

    So, the alternative of seeking child support modification seems like the intelligent thing to do. If you truly feel terrible, once you get your job back, or otherwise correct your income, problem you can then start paying more child support again. However, you have protected yourself when your income was reduced.

    Each state has guidelines for the amount of child support based on, typically, the non-custodial parents income, and the custodial parent’s income. Many Dads are not aware that if their ex’s income changes substantially for the better, they may be able to reduce the amount of child support that is due. Be sure to check out your states guidelines when preparing your Child Support Modification forms.

    This procedure can be done without an attorney thereby saving you typically thousands of dollars. In addition, most attorneys are reluctant to represent non-custodial Fathers in child support issues. But, you can do this yourself and DadsCanWin can show you the way.

    Remember, the most important thing, if your income has changed, is to take action before you get behind. Losing your driver’s license and facing jail is no picnic. The law is on your side if you take action!

  • Denied Mortgage Modification

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    November 14, 2020 /  Financial Plan

    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 .

  • Tips To Start A Loan Modification Business – Start Within Days

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    November 13, 2020 /  Financial Plan

    Get ready to be a part of the most booming industry in today’s economy. As a loan modification consultant you can start making thousands of dollar while helping home owners lower their mortgage payment and save their homes. You can start from home or from your office with little or no investment. Here are some tips and steps you can take to start a loan modification business within few days.

    First decide a name of your loan mod company. If you already have a business then you can use the same name. Go to your city county office for occupational licenses and permit. Fill out necessary forms. Pay registration fee.

    Get a new phone line under your loan modification company name or use home phone number. Get a fax or sign up with a online fax service which will only cost you around ten dollar per month.

    Open a business bank account with your local bank.

    Next Step is to get all the knowledge you can about home loan modification.

    Next step is to spread the word about your new service. Tell all your friends, family members and neighbors of your new mortgage modification service.

    Beside these steps there are few other things you will have to learn. For example how to know if the client will qualify for mortgage modification? What are the lenders loan modification guidelines? How much fee should I charge my client? How can I accept upfront fee? What types of forms are required to submit to the lender?

    After learning most of the above information you should be able to start up your own loan modification business without have any obstacle come on your way. Before you get started in the mortgage restructure business, you need to research all of the different aspects of the industry, just to be sure you understand what you’re getting into.

  • Massachusetts loan modification the ultimate solution

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    November 9, 2020 /  Financial Plan

    Loan modification- the very term is the source of relief to all debt ridden people across the world. It is very true that now a day almost all the world follow the capitalistic financial set up. And in this set up, the chief mantra is to earn much and expense much. And if you once caught in the trap, one day may come that you will find yourself completely drained out. Massachusetts loan modification is such name that may come to your aid.

    The matter is intricate; hence undoubtedly the matter is the experts game out and out. It is a fact that so many persons think that executing a living will is enough in this regard. But for your kind information it can be said that they are not such documents which will be statutorily recognized in the states of America and of course the doctors and other persons from the healthcare system is not obliged to follow it out and out. Massachusetts personal injury Framingham, Boston is such a name whom you can trust entirely without doubt.

    Naturally having stood in the era of information technology we will think of taking resort to the ever expanding cyber world for that purpose. Nobody can say that that the decision is wrong but it is also true that you will have to keep your eyes open in this regard. You may wonder why! Massachusetts debt relief Springfield is a known name of solution undoubtedly. But the problem lies elsewhere. The online world is now almost saturated with scam companies. And you can easily imagine that taking resort to a scam company means nothing but accelerating the pace of your destruction.

    Now please don’t hesitate to shed off the hesitation about bankruptcy. Exemptions based on bankruptcy laws help protect exempted properties from creditors. Properties exempted by bankruptcy laws include a residence up to $5,000, one automobile of up to $1,000, cash up to $400, a cooking range and refrigerator totaling up to $600, personal injury awards up to $5,000, death benefits up to $5,000, household goods and furniture for $1,500, jewelry up to $3,500, tools of trade up to $750, wild card and personal properties up to $400, as well as all pension and education plans. Now just think how much imaginative and helpful it is. Bankruptcy laws also allow exemptions on health aids, alimony and child support aids, property of business partnerships, ERISA-qualified benefits, retirement benefits, firefighters’ and police officers’ death benefits, group life insurance policy benefits, and seal and office registers.

    This content has been taken from:

  • How To Become A Certified Financial Divorce Specialist

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    November 8, 2020 /  Financial Plan

    If you often work with individuals who are going through divorce proceedings, then you may want to consider becoming a Certified Financial Divorce Specialist (CFDS). Having this credential shows that you have comprehensive information that will help clients explore their financial options related to a divorce agreement. Training for the CFDS will make you better at helping your clients find a better position of financial stability.

    Topics Covered in the CFDS Certification
    The CFDS training is designed to improve and increase your knowledge of the complexities of the financial problems that are related to divorce agreements. The more you know about the tax, financial, and legal complexities of divorces cases, the better you can provide support for your clients. Furthermore, the course contains guidance on your role as a professional CFDS.

    Here is a brief summary of the topics covered by this training program:
    Assessing and identifying assets including family home, property, and pensions to career assets and benefit plans.
    Overview of the various legal proceedings, the role of a professional CFDS, and the different methods of settling a divorce case.
    Identifying the tax problems from the impact of child support and alimony. Identifying the reporting requirements when selling and dividing the house.
    Information about malpractice, ethics, and working with other professionals on the case.
    How to present and prepare financial affidavits and other reports.

    Training Format of CFDS
    The CFDS training program is available online. When you order the certification training course, you can expect to receive everything you will need to complete the entire course from the comforts of your office or home. In addition, the package includes a blinder with around 500 pages of content covering the topics mentioned before and more. This foundational case material also combines questions and case studies to make the learning more realistic.

    The Family Law Software program is also included in the package. This program helps calculate the financial impact of various options that are under consideration. For instance, you can use this software to determine what will happen to your client if she assumes credit card debt to keep the house. Part of the initial training package allows you five months of access to this program. After the initial five months are over, there will be a monthly fee that includes ongoing access to technical assistance and software updates.

    It usually takes around three months to prepare properly for the online examination. After you have successfully completed the examination, you are required to finish a case study while using the Family Law Software. If you successfully complete this, then you will receive your certification.

    Starting Your Certified Financial Divorce Specialist Career
    A marketing package will come with your certification. This package will provide guidance on how to promote your skills and knowledge. There is a listing of networking opportunities, template for a press release, and other advice that can help you establish yourself in this market as a CFDS.

  • Financial Exploitation The Undetected Abuse To Seniors Part 1

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    November 5, 2020 /  Financial Plan

    Undetected or Unreported?

    For all types of elder abuse: for every reported case, there are 23.5 unreported cases.

    For financial exploitation: for every reported case, there are 43.9 unreported ones.

    For neglect cases: for every case undergoing investigation, there 57.2 unreported cases.

    The New York State Elder Abuse Prevalence Study was the second-largest study ever conducted on elder abuse and the first one conducted on a statewide scope. Although the studys contents have not yet been released by New York State Office of Children and Family Services, the grim figures above were presented during a recent conference.

    Scarier still, is the implication that the incidences of abuse may actually be even higher since the study excluded older persons who were unable to participate in telephone surveys.

    Surprisingly, the most commonly reported was emotional abuse, followed by physical abuse; however, financial exploitation seemed to be the most prevalent form of elder mistreatment.

    If previously undetected, how do we know if its occurring at all? And what can you do to stop it?

    Prevention

    Monitor Financial Activity. Look for these things:

    Unusual activity based on ability, e.g. ATM use by a physically impaired person
    Unexpected new withdrawals in round numbers ($50, $100, $1,000, etc.)
    Withdrawals from a savings account or from checking accounts despite of penalties
    Increased financial activity on bank statements
    Requests to change account beneficiaries or issuance of authorizations
    Elder showing signs of confusion related to finances
    Property title changes or re-financing reports

    Monitor Inheritance and Wills. Watch out for:

    Changes in Power of Attorney or Durable Power of Attorney
    Will or trust modifications when the elderly is incapable of requesting changes
    Requesting will or trust changes that are in favor of a much younger friend

    Caregivers should take note of these unusual behaviors:

    Avoidance of discussion of financial matters that were once routine
    Elderly showing signs of depression
    Caregiver says the elderly wants to avoid calls and visits
    Caregiver seeming to be overly concerned with financial matters
    Caregiver speaking for the elder even when the elder is around
    Perform background check if the caregiver has other means of support other than the elders income

    Where to Get Support

    For more resources related to elder abuse, you can contact the APS Network. You can find the appropriate contact numbers to call by clicking on the Report Abuse button on their website and then choosing your state.

    If you require immediate legal assistance, you can contact local attorneys with years of expertise in elder law. For example, in Indianapolis City, you can reach out to Applegate-Harden Law Firm.

  • What Is The True Meaning Of Finance

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    October 28, 2020 /  Financial Plan

    The definition of finance is the provision of funds or loan supplied to an individual or company. Often this term is used for the study of economics and how money is controlled. It can be also defined as the management of funds and capital required by a business and private activities. Management of finance has also developed into a specialized branch within the financial sector and is carried out by finance managers.

    Managing this involves dealing with the optimization and allocation of funds to various areas either by borrowing or by using those available from internal resources. The word Optimizing may sound strange but it refers to taking measures that minimize the cost of financing while simultaneously attempting to maximize the profits out of the employed finance. Bad debts are poor finance management where rules have not been followed; the result of this is depressed markets, low production and a cash crisis. It is for this very reason that finance managers are very careful with finance they agree too and where it is funded from.

    It is not uncommon to hear finance managers referred to as bean counters as they are looking at immediate returns and initial costs against the potential at a later stage. Finance managers are the pessimists whereas sales managers are the optimists who look to the future and not to the past! Often though, problems occur with small businesses who fail to see the distinction between a business loan and a personal one. Most lenders will cancel the loan if they feel they have been deceived this way because they are unsure what the money is to be invested in.

    Hopefully by educating the small (and large) business owners of their fiscal responsibilities they may build the basis of an improved company in the future. Small businesses can be very flexible, however, and call upon friends, other businesses, family members, even their own bank for finance.

    Finance managers can help improve their company’s profits by using external sources which also lessens the risk on them at the same time. The famous comedian Bob Hope best summed up the subject when he once said; a bank is a place that will lend you money but only if you can prove that you don’t need it.

  • Financial Content Development Services

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    October 27, 2020 /  Financial Plan

    When it comes to publicizing a business on the internet, content development acts as the key to success as content rich websites draw the attention of target audience. Commercial websites have different types of content depending on the products and services they have to offer. Financial content is one such type.
    As a business owner, if you need any kind of financial content for your website, it would be advisable for you to take the help of an expert. Since:

    He/she is well versed with financial terms; they will be able to avoid the use of jargon so that common people will also be able to understand what they view.
    This expert will adopt certain financial content development techniques that will help your website with SEO and social media marketing as well.
    Here are a few financial content development services that an expert can assist with:
    Content for portals
    It is found that many businesses utilize portals to communicate information to target audience. So, equity and sector research along with detailed information about a companys operations with relevant data and analyses will be provided by the expert.
    Blogs
    The world of internet is awash with blogs. From a survey, it was found that 47.1% of bloggers were influenced after they read about a product or a service in a blog. This expert will research, analyze and formulate content. He/she will also update blogs on a regular basis with fresh content to ensure that visitors return to the site on a regular basis.
    eBooks
    The experts create eBooks based on the research that they do. These eBooks usually contain new financial ideas, information, and analysis presented through interactive text and rich graphics.
    Newsletters
    They also publish newsletters with valuable financial information like recent financial news, updates from the money market, and events and analyses in order to reach the target audience.
    Research
    The expert also provides research services on custom markets, investments, analytics, emerging markets, finance and businesses.
    Analysis and valuation
    They also provide an insight into a companys operations, based on information gathered from the companys website; like sales, valuation, mortgages and loans and trading movements.
    Now that you are aware of the services that an expert can offer you, it would be easier for you to do a need analysis of your website. Once you have analyzed your needs you should get started on your search for an expert. You can also log on to the website of Pi Media Services that has a team of trained experts to help you with a number of financial content development services after analyzing your needs.

  • The Art Of Body Modification Branding

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    October 23, 2020 /  Financial Plan

    Through the years, man has unceasingly found ways to express their innate creativity and uniqueness. This is evident in many works of art collected throughout the years. However, such ingenuity is not only confined in crafts, sculptures, and paintings. Some people have literally made their own body as their canvas! These people are not only content of admiring art pieces; they made themselves the living and breathing artwork. This is mainly because some people find extreme satisfaction on being different from the rest or getting the kind of attention they unabashedly seek. Hence, this gave birth to the art of body modification.

    The art of modifying the human body was already practiced centuries ago in native tribes as a way of making themselves look more attractive for their mate. It has taken a lot of form, such as body tattoo, piercing and interestingly body modification branding. The latter is unquestionably an extreme art form since it requires burning a part of the skin to create a permanent scar.

    Body modification branding or otherwise known as scarification have earlier been used in burning identifying marks on livestock. Centuries ago. Greeks used it as a popular form of punishment for slaves and fugitives. Law offenders are branded on their forehead as a blatant sign of condemnation and to intentionally spur social disdain and disgrace. However, this barbaric act was later banned since it violates the human rights act and is deemed to be an extreme penalty to bear for most people.

    Nowadays, body modification branding still exists in some sectors of society. No longer as a severe form of castigation but as a voluntary mark of association to a certain group. This practice is quite common in fraternities and organized crime groups. The scar apparently becomes their official membership mark of some sort. Some people use the body modification branding as a right of passage, especially for people who are aspiring to be a member of an exclusive group.

    The body modification branding actually has two methods: the strike, where the artist will use a piece of metal to burn the skin repeatedly and the cautery, which uses a cautery pen to make a permanent scar on the skin. Both produce similar results and the scar is something the person will bear for the rest of his life. People who practice branding would claim it is a freestyle form of art, but a lot of people think otherwise. To the eyes of many, it is still a callous act that should no longer be practiced in this modern age.

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