A Letter of Explanation is a simple few lines giving an underwriter insight into something flagged in the file such as odd deposits or credit issues.
How to Write a Letter of Explanation for Credit Problems – A letter of explanation is a 100-word letter that sits on file at the three major credit bureaus; transunion, Experian and Equifax. This letter then gets sent out to anyone requesting a copy of your credit report, providing context for any negative credit entries.
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Car Repossession: Notices the Lender Must Provide. – For example, in all states the lender must provide notice before selling your. For a more detailed explanation of repossession, see Car Repossession and Auto Loan Charge-Offs.. This letter is often the lender's last-ditch attempt to get you to pay something toward your loan.. Bankruptcy, Debt Settlement, Foreclosure.
Sample Letter to Potential Employers Explaining Your History You. – I have applied for a position as a XXXXX with your company. I anticipate that you may have some concerns about my criminal history, so I wanted to explain the.
Explaining the “Letter of Explanation” – It’s not unusual these days to have a lender request a “letter of explanation” from a home buyer or someone who is refinancing their current property.
A Proposed Bankruptcy for Banks That Will Lead to Bailouts – A group of professors recently wrote Congress to alert it to the folly of repealing orderly liquidation authority and replacing it with bankruptcy. The professors’ letter is fine as. focus on other.
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Hidden Challenges In Applying New DOL Break Time Guidance –  The DOL’s explanation. its opinion letter: It is important to note, however, that employees who take FMLA-protected breaks must receive as many compensable rest breaks as their coworkers.
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FAQ's about Bankruptcy/Chapter 7,11,13, Loan Modification. – For example, you cannot file for Chapter 7 until 8 years pass from the last time you had a Chapter. Can I get a loan modification while filing bankruptcy?.. The pursuit of either of these loans will require an explanation.. A debt verification letter is a letter that one is provided by a creditor after disputing the validity of a debt.
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What Happens to Mortgage Liens After Bankruptcy Discharge? – For example, a mortgage is a lien which is secured by collateral (usually. Here's the legal explanation: From a purely legal standpoint (and.
Loehmann’s Seeks Bankruptcy Protection – Loehmann’s Inc., the Bronx-based retailer that offers designer apparel at bargain prices, filed for bankruptcy protection yesterday. resigned abruptly on April 30 without explanation; on May 12,
Williams Title closes abruptly amid state investigation – Williams Title’s underwriter, Alliant National Title Insurance Company, offered little explanation in its own. In the most recent example, in 2014, American Title Services was forced into.