Border States Sales

Archive for the ‘Business Letter’ Category

Sometime in the past, a new wave of unscrupulous mortgage finance activities, collectively referred to as “Predatory lending” has emerged in the state of New Jersey, which disproportionately affect homeowners who belong to the minority, low income, elderly, and urban sector.  The loan scam had resulted in unjustified increased payments, inability to refinance loans, and, in too many cases, equity stripping and foreclosure.  The event happened at the time when Holly Bakke was the incumbent Commissioner of the New Jersey Department of Banking and Insurance.

With the continued proliferation of Predatory lending in the area, its exercise became prevalent, more vicious, sophisticated, and became a growing problem in the State of New Jersey.  It had lead to losses of equity in homes along with corresponding increase in the number of foreclosure actions instituted in the state.  It had also brought out significant threat to New Jersey homeowners.  Due to the complex set of issues presented by predatory lending, the state, thru the leadership of Commissioner Holly Bakke, pushed for the enactment of anti predatory lending practices law, in order to curb the disturbing increase in abusive lending and battle or dismantle the evil or harm brought by such unlawful exercise.  The law enacted was coined as the “New Jersey Homeowners Security Act” which was signed on May 2003 and took effect on November 2003.

The Act as framed provides substantial protection against abusive provisions in high-cost loans, and encourages lending at reasonable rates with reasonable terms.  With its passage, the State of New Jersey became a national leader in the fight to stop predatory lending.  The New Jersey Homeowners Security Act, including the recent amendment, has not only curtail but also eliminated fraudulent lending transactions and since then had worked to provide a competitive market for New Jersey’s consumers and a fair place for lenders to do business.  Thanks to Former Commissioner Holly Bakke, for because of her assistance, state’s mortgage loan market continues to be very active and lenders have entered the marketplace.

The internet and the age of text messaging, instant messaging and voicemail has caused some to stray away from the formality that is necessary for making the best impression in business. However, computer technology and the internet can also help in learning how to write business letters correctly. A simple internet search can provide you with a wide assortment of resources and tools to help you better understand the principles of business letter writing.

A business letter differs greatly from a personal letter. Business letter writing requires the use of formal language and the adherence to strict structural rules. Personal letter writing permits the use of informal language, permits the infusion of emotions that are best avoided in business letters, and the structure of a personal letter is not quite so strict. I hope that the following tips for business letter writing will help you in writing polished, straightforward, professional business letters with more ease.

Respect the valuable time of others by keeping your business letters short and direct. Readers should immediately understand the purpose for the business letter you have written to them. Leave the sharing of jokes and gossip with business associates for occasions that are more informal.

Relevancy is crucial. Make sure that every word you write in your business letter is relevant and necessary for furthering the comprehension of the topic addressed in your letter for the reader. Take as much care to ensure that you write your business letters to the appropriate people who should receive them. You would not want to write a business complaint letter and then send it to someone in the product development department whose role in the company does not include the handling of complaints for example. In doing so you have wasted yours and their time as well as delaying a resolution that may have arrived sooner had you sent that letter to the right person.

It is also important to note that formality from start to finish in writing your business letters is necessary. If you are aware of the name and title of the person, to whom you are sending a business letter to-use it. Use Dear Sir/Madam when you do not know the name and title of the person who will be receiving your business letter. Also, remember to use the department title that is most appropriate for your business letter, if you do not know to whom to direct it to. Do not use slang or inappropriate language when writing your business letters.

Use personal pronouns when writing your business letters. Use “I” for yourself and “You” for the recipient of your business letter. You need to be cautious about using “we” in business letters with your company letterhead on them. These can be easily misinterpreted as a representative of the company as a whole when you in fact intend them to be attributed to you alone. Use”We” only when your business letter is indeed a representation of the company as a whole.

Clarity of each point presented in your business letter is important not only for avoiding misunderstandings, but also because it illustrates your knowledge about the subject that your business letters concern. Before even beginning to write your business letter, take a few minutes to clarify for yourself why you are writing it and the outcome you expect to gain from it. This will provide you with a clearer picture of the message you want your business letter to convey and a clear direction to begin writing your business letter. If it helps for you to have a list of main points you don’t want to forget to refer to as your write your business letter, go ahead, and make yourself one before beginning to write the letter.

Proofing and editing your business letters in order to eliminate mistakes in spelling and grammar usage, as well as to spot and correct breaks in form structure, is very important. It is unwise to rely solely on computer spellcheckers to do this important task for you. These programs are not perfect and can easily “miss” a variation on the spelling of a word that can make a big difference in meaning when read in body of a business letter you have written. You need to read your business letter aloud all the way through from beginning to end at least 3 times, sentence by sentence. No quick scanning allowed. It is also helpful to have someone else in the office read aloud your business letters so that you can “hear” the mistakes your readers are certain to if you do not fix them before mailing them out.

The aforementioned letter writing tips can be accomplished by anyone. Focus and patience are great attributes which will help boost the quality of your business letters. These tips are important to remember because, in many cases, your business letters are the initial contact you may have with new business contacts and co-workers as well.

Business Letter Writing Software technology is already available for several years, and it offers important advantages for anyone who writes English. Many of us spend hours, everyday, on fulfilling our writing assignments including emails, articles, documents and other. It is necessary to keep it correct and professional. If writing isn’t your strongest skill, but you still need help on improving it – read the following article.

Some background

Business Letter Writing Software solutions focus on one important goal: that is improving your English writing by analyzing your text, identifying any grammatical or spelling errors, editing and correcting. How does it work? Well, basically it compares your words, phrases and sentences to their ‘correct’ versions based on a sophisticated algorithm. This advanced technology offer the following: text editing and proofreading, correct grammar and punctuation analysis, and automatic spell checking.

Advantages

When we examine the advantages provided by this advanced technology we find the following:



Improving our inter-personal communication.

Saving on proofreading and editing costs such as hiring proofreading services or professional editors.

Enriching our English vocabulary.



We could probably count other advantages that aren’t mentioned here, as this unique system keeps improving, bringing us fresh ideas and additional solutions that help us on improving our Grammar writing and proofreading skills.

Final words

Business Letter Writing Software isn’t just about proofreading our writing, but changing our writing habits and skills. Can this technology provide better results than a human proofreader? Probably not, but it helps with common grammar and punctuation proofreading. In the next few years we can expect this technology to further develop itself, for a single reason: writing is among the most significant tools that help us expressing ourselves.