California Victim of Financial Elder Abuse Says Bank Did Not Question Withdrawals

A recent victim of financial elder abuse claims that Bank of America did not question transactions when she withdrew money. The senior citizen victim was allegedly scammed out of approximately $35,000. Police are searching for a black woman in her 40’s who disappeared with the money. California financial elder abuse attorneys warn seniors to be wary when people they do not know well as them to withdraw money from their accounts.

According to authorities in this case, the suspect told the senior citizen victim that the president of Bank of America had contacted her and told her that he need the victim to pull money out of the bank. The suspect promised the victim $572,000 in return for doing so. The victim then withdrew $12,000 from a Bank of America in Redlands, California, and another $23,000 from another Bank of America branch in San Bernadino, California. California financial elder abuse attorneys warn seniors that bank officials will not ask them to withdraw money from their accounts.

Bank of America officials say that there are security efforts in place to protect senior citizen customers from financial elder abuse. Bank of America has stated that bankers and tellers receive extensive training to identify banking transactions that are out of the ordinary. Bank of America officials also stated that they follow applicable state laws which may include contacting Adult Protective Services or local law enforcement. California financial elder abuse attorneys remind the public to be vigilant regarding financial elder abuse.

In this case, the suspect befriended the stranger in a grocery store parking lot. After the money was removed from the accounts, the suspect told the victim that the bank president wanted them to put the money in the victim’s trunk and return to the other Bank of America branch to fill out paperwork. The suspect then went to use the bathroom and disappeared with the money.

Evans Law Firm, Inc. handles elder abuse, financial elder abuse, physical elder abuse, annuity fraud, consumer fraud class actions, insurance and banking fraud cases. If you think that you have witnessed or are the victim of elder abuse, or financial fraud then contact Evans Law Firm, Inc. at 415-441-8669 for a free and confidential consultation, or email us at

Loan Modification Process – A Waiting Game

Loan modification option is chosen by a homeowner only when he is overstressed by the non-repayment of his home loan and frustrated from the frequent reminder calls of his lender. This leads to a fear about the uncertain future and the threat of foreclosure. All these things work together and people apply for a loan modification process as the last and only hope. This in fact was the previous thinking but today with the efforts of the present government, mortgage modification process has been simplified and made feasible for every citizen of America.

Today loan modification can solve all issues regarding late payments of the home loan or the danger of foreclosure and restructure your loan into payments that you can easily afford and this will actually put you back to life. You need to stay positive and look into this loan modification matter in a different way because now this is your right and there is nothing like mercy sort of thing involved here. You need to hold your head up and keep the optimistic result in mind because the whole process will take some time and you will have to work patiently throughout the entire process.

Applying for a loan modification process is a systematic procedure and you need to find out the requirements of your lender first. This will help you plan further and collect the documents and arrange them according to the sequence of requirement. The documents should be supportive to the declarations and statements that you make while filling up the application form. You are also required to fill the form properly and in fact you should double-check it very carefully before submitting it so that not a single point is missing or left out. There have been many rejections only because the application form was not duly filled.

Then there is hardship letter that needs to be written in which you have to give in details of your hardship that can be your job loss, illness, divorce, being overstressed due to loan repayments or any other one. The hardship letter has a big role to play in the approval of the loan modification as many lenders have made it the decisive criteria for this program. So you should write an impressive and motivating hardship letter that has the capability to earn the lender’s sympathy and make him feel that you are the most eligible candidate for loan modification program.

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{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} from my current XX{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. 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{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} 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{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} 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.

The Accounting And Finance Bsc Degree At The University Of Southampton

The Accounting and Finance BSc degree course is designed so that you will study the core concepts and methods of financial accounting and management accounting across all three years, supplemented by appropriate topics from the field of finance.

In year one and year two of this Accounting and Finance BSc, you will study a range of subjects that provide support for more advanced study in the final year.

You will be given a range of options to help you acquire the understanding of modern theories and empirical evidence relating to accounting.

The anticipated destination of Accounting and Finance BSc graduates is management roles in a wide range of private, public and third sector organisations (including social enterprises), particularly the most innovative students.

A small number of Accounting and Finance BSc students may form their own businesses on graduation, or within a few years of graduating.

However, the intent of the programme is not to encourage too-early business formation, but to develop wider enterprising competencies that will enable employability in a range of organisations.

Understanding better quality venture creation should be the result for students who choose this Accounting and Finance BSc degree course.
Understanding better quality venture creation should be the result for students who choose this Accounting and Finance BSc degree course.

The University of Southamptons Management School has an enviable record for producing high-calibre graduates who move quickly into good careers soon after finishing their studies.

The latest survey of Management School graduates showed that 89{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} were employed or undertaking further study six months after graduating.

Employers value the quality of our programmes and recognise the skills of our graduates. Many of our graduates go on to professional training and graduate management schemes, while others begin careers in management, accounting, finance or banking.

To discover more information about the Finance and Accounting degree course at the University of Southampton, simply visit the Management Schools website at www.southampton.ac.uk/management

PNC Online Banking

PNC rates on mortgages are one of the few that did not increase when many of the other financial institutions have already done so.

For a $250,000 loan in the Philadelphia area, the rates are as follows. The 30 year fixed interest rate at 5.50{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 5.875{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} with APRs of 5.626{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 5.842{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, respectively. The 20 year fixed interest rate is at 5.625{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 6.125{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} with APRs of 5.828{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 6.098{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 15 year fixed is at 4.875{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 5.125{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} with APRs of 5.082{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 5.258{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 10 year fixed interest rates are 4.750{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 5.125{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} with APRs of 5.045{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} to 5.232{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}.

The current bank rates on CDs include a tiered format. The top tier is for those with Performance Select checking accounts, followed by Premium Plan, then the Standard CD rates. The promotional 9 month CD is earning an APY of 0.45{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 0.42{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} and 0.40{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, respectively. This has a minimum deposit of $1,000.

The 3 month CD is earning an APY of 0.15{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 0.15{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} and 0.15{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, respectively. The 6 month CD is earning an APY of 0.25{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 0.20{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 0.20{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 1 year CD is earning an APY of 0.50{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 0.45{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 0.45{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 18 month CD is earning an APY of 0.55{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 0.50{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 0.50{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}.

The 2 year CD is earning an APY of 0.50{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 0.45{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 0.45{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 3 year CD is earning an APY of 0.70{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 0.65{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 0.65{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 4 year CD is earning an APY of 1.05{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 1.00{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 1.00{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}.The 5 year CD is earning an APY of 1.25{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 1.20{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 1.20{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 7 year CD is earning an APY of 1.75{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 1.70{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 1.70{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}. The 10 year CD is earning an APY of 2.00{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, 1.95{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}, and 1.95{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a}.

The minimum deposit for these PNC rates is $1,000, and the rates were posted on February 9, 2011, but are subject to change without notice.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

For additional resources involving financial help, please view PNC Online Banking, best bank savings rates, Westpac Online Banking and Online Banks at

Private Bank Jobs How To Crack The Interview

Private banks are flourishing heavily in India, which is fast becoming a major economy. With the literacy level going up in the country and the economy showing good promise, more and more private banks are setting up their branches in India. No matter whether these banks are foreign banks or Indian banks, they are offering top-rated positions to candidates along with good salary and other facilities.

For a list of private bank jobs 2012 that are available, you can consult the internet. Some banks keep updating notifications on their websites and also float advertisements when they are recruiting. However, it is true that the private sector banks love their MBA-holding candidates. Hence, they have made it their habit of recruiting in the countrys top B-schools. The banks conduct campus interviews in these B-schools and recruit candidates based on their profile, resume and talent. Confidence and personality play a big role when one is looking for private bank recruitment 2012.

Hence, if you are anxious about your chances, you need to groom yourself up and prepare yourself for the tough questions in the interview. The questions are designed more to test your presence of mind and your smartness. So, you need to show confidence and alertness. Do not falter or fumble or show signs of nervousness or weakness even if you do not know the answer. It is important to keep your confidence level high and honestly admit that you do not know the answer to the question. In fact, it will be advisable that you should go ahead and ask the interviewer the right answer to the question. That would show that you are curious and eager to learn things about which you have little idea.

Again, while applying for the post (before the interview), make sure to look at your needs and requirements. Are you ready to travel? Are you ready to shift your base? All these factors also play a huge role in helping you make the decision. Before signing the contract, make yourself completely familiar with the terms and conditions.

Commercial Mortgage Modification

In todays crumbling, commercial real estate market, both borrowers and lenders find themselves in quite a precarious predicament. Borrowers struggle to make their commercial mortgage payments, while lenders are crippled by the increasing number of defaults on commercial property. Right now the best solution to this problem is commercial mortgage modification.

Commercial mortgage modification is the process of renegotiating the terms of a commercial loan. This is done typically by reducing the interest rate or monthly payment on the loan. Other benefits to the borrower may include an extension of the loan term, a forbearance or moratorium on payments, and of course an alternative to foreclosure.

A commercial mortgage modification is about risk to the lender. A lender will only consider a modification if a borrower is in default or at risk of defaulting. The most important thing the lender will look at in determining whether or not to modify a commercial note is cash flow. One very important calculation used in determining cash flow is called the DCR or Debt Coverage Ratio. This ratio is used by the underwriters to determine if a modification can be approved. If a property is breaking even, meaning the income generated is equal to the operating expenses, the DCR would be equal to 1. If commercial property has a positive cash flow, meaning the income the property generates is more than sufficient to cover the mortgage payment and all of the operating expenses, the DCR is greater than 1. If the property is losing money, the DCR would be less than 1. A lender will most likely not modify the commercial note, if the property already has a DCR greater than 1. Commercial lenders writing new commercial loans will most likely require a DCR of 1.25 or greater.

The most common form of payment reduction seen in a commercial mortgage modification is when the lender converts a principal and interest payment to an interest only payment. A lender may consider this form of commercial loan modification to help the borrower improve their cash flow. By only paying the interest on the loan, as opposed to principal and interest, the payment becomes more affordable for the borrower.

However, in extreme circumstances, reducing the mortgage payment to interest only is just not enough for a commercial property owner. If a lender sees that the borrower will still have negative cash flow even after reducing the payment to interest only, they may consider a reduction in the interest rate. Although the interest rate reduction may be temporary, it will help the borrower free up capital and maintain the mortgage payment on time. Although uncommon, lenders have lowered interest rates to as low as 1{8127af1f063474dca711684ea31b7661eb9150b1b55783602bb04af93813e35a} even, to avoid an even more costly foreclosure.

Tips To Start A Loan Modification Business – Start Within Days

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.

Small Business Computer Consulting Additional Qualifications For The Sweet Spot

To find the ideal clientele for your small business computer consulting, you want to target small businesses by their number of PC’s, (10 to 50) as well as their revenue. Generally, companies that have anywhere from 1 million to 10 million in revenue are the sweet spot of small business computer consulting. In this article, you’ll learn why you should target this type of business. {Tip: Of course if you’re located in Canada, the UK, Australia, New Zealand, or any of the other more than 21 nations around the globe where our training has been adapted, be sure to convert this to your local currency. (See )}

Beware of the high end of this range
Once small businesses get to the high end of that revenue range, where they start having substantially more than 50 PCs, or substantially more than $10 million in annual sales, often the small business owners lean towards putting a real, salaried IT person on payroll instead of using a small business computer consulting professional. That’s when you start running into some tough competition. At this point, your client will add up your services invoices and try to figure out if they can do it cheaper or more efficiently in-house.

Look for clients that need a real server
Another important aspect is to find small business clients that are big enough to need a real dedicated server. Once small businesses need a real server, they need a ton of other professional services to go along with it. And it’s very unlikely they can handle it on their own, with just an internal guru. Bingo-you become their outsourced IT department!

Multiple locations are a bonus
Sometimes a sweet spot client has one location. A lot of times there’s a main office and some branch offices. The branch offices present a big opportunity for your small business computer consulting because there’s usually a HUGE need for sharing data in real time among employees in different locations.

The Bottom Line about Small Business Computer Consulting
In this article, you’ve been learned more about how to find the sweet spot in your small business computer consulting business.

Offshore banking – Chosen as a means for tax exemption

Offshore banking has become famous for the effective reduction of taxes and the privacy options provided by the great organization and individuals. Prior to the acquisition of an online bank at sea, it is suggested that the person has to understand the various benefits of offshore banking and whether these benefits meet their expectations or purposes. There is no need to open a bank account if it does not meet the needs of the client, the privacy options provided by offshore banking online depends on the situation of the client.

offshore banking unit also comes with special features such as attention from local banks or other lenders; recent banking unit offshore presence around the world increased. Most countries free offshore banking unit in other countries that are at peace with them. Many Indian banks like ICICI and State Bank of India also have their own set of offshore banking units in various locations. ICICI Bank offshore banking unit headquartered in Bahrain and Singapore branches advisor to various other places like Belgium, Dubai and Hong Kong. ICICI has extended his victories abroad with representative offices in 19 countries worldwide.

Offshore banking offered are somewhat similar to that provided by traditional banks, some of the offshore banking includes cash credit, withdrawal of deposit, government investment in banks, the electronic transfer of funds, management funds, foreign exchange, surveillance of offshore banking and trust services. It is not necessary that all banks must provide each offshore banking services specified above, as it depends on private banking and personal.

The country of residence of the applicant in the offshore banking sector differs from the exact location of the bank where the applicant has an account on their behalf that provides economic benefits. The advantages offered by offshore banks to better understand a person’s privacy policies, minimal or no taxation, ease of access to deposits and protection against any financial crisis. Offshore banking is often associated with economic conditions and the secret crime which involves methods to avoid tax collection and heaps of money.

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