Chromed Bird Extension

                        Chromed Bird                     

Chrome Bird is another extension for Google specially designed for Twitter. With the help of this extension we can follow our time lines and we can also interact with our Twitter account.

Chrome Bird Tab

Chrome Bird Sending Tweets

Chrome Bird Notifications

Chrome Bird Features :

-Follow your time lines and navigate through your tweets.

-You can see which tweets are read or unread.

-The new Supporting lists are available as well as the favorites time lines.

- Lets you compose a tweet, reply of any tweet, re-twitting, sharing, marking as favorite and deleting of tweets can make your job easy.

-A quick notification of new tweets arrival can ease the job of the user.

-You can shorten the URLs staying within extension.

This extension also support caching of tweets to preserve your account's API limit. URL previewing is also supported to help prevent visiting any malicious site. Chromed Bird is once such twitter extension that tightly integrates your twitter account with Google Chrome. It's light, fast and easy to use and It rocks!

To install visit Chromed Bird Extension Page.
Want more? Click the link below:
http://www.misuniversity.com/blog

Mortgage Principal Writedown Endorsed By Government

Posted by: Admin

Diana Olick’s latest column puts “principal writedown” in perspective: “The government is officially giving borrowers back home equity.

Yep, somewhere between $35 and $50 billion worth. Of course we’ve all lost over $5 trillion, but who’s counting? Lenders still aren’t required to do it, but they’re going to get an awful lot of taxpayer-funded incentives to do it€¦Let’s face it, the underwater issue (that is borrowers owing more on their loans than their homes are worth) is now far bigger than the subprime issue and the unemployment issue. Yes, it’s concentrated heavily in five states, but it still manages to plague home prices nationwide. People are walking away in greater numbers than ever before, and people who want to stay are unable to get into modification programs because of their overwhelming negative equity. Yesterday, before the House Oversight Committee, Treasury Secretary Herb Allison said his concern with principal write down was

1) expense,

2) fairness, and

3) moral hazard.

I asked him this morning what had changed overnight? ‘The moral hazard aspects are mitigated by the structure of the programs.’ I’m not entirely sure what that means, although I’m sure many smart people behind closed White House doors came up with that exact phrase. I guess it means that because borrowers and servicers have to earn the write down incentives over three years that it’s fair. Or maybe because it helps keeps borrowers out of foreclosure, thereby stabilizing home prices around them, that it’s fair. Or maybe because the servicers and investors have to bear some cost, that it’s fair. Maybe it’s just that there is simply no other way to get ourselves out from under this mess than to forget all the bad choices some lenders and borrowers made and give them a fresh start. And for those of us who acted responsibly? No pain no gain. As I tell my kids every day, life isn’t fair.”

What do you think? Will this help the economy or only a few people who are under water? What does this do for us as investors?

Short Sales Are Illegal !?!

Posted by: Mike Warren

Freddie Mac says short sales are now illegal.

We have FOUND the solution.

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Freddie and Fannie won't pay down your mortgage

Posted by: Mike Warren

The two largest owners of mortgages will not lower the principal on the loans they back – that’s a clear message for all those troubled homeowners. Fannie Mae and Freddie Mac, which are controlled by the federal government, will not lower the principal on the loans they back, instead opting for interest rate reductions and term extensions when modifying loans. But their stance is out of synch with the Obama administration, which is seeking to expand the use of principal writedowns. In late March, it announced servicers will be required to consider lowering balances in loan modifications. Asked whether they will implement balance reductions, the companies and their regulator declined to comment.

The Treasury Department also declined to comment. What’s holding them back is the companies’ mandate to conserve their assets and limit their need for taxpayer-funded cash infusions, experts said. If Fannie and Freddie lower homeowners’ loan balances, they are locking in losses because they have to write down the value of those mortgages. Essentially, that means using tax dollars to pay people’s mortgages. Between them, they have received $127 billion — and recently requested another $19 billion — from the Treasury Department since they were placed into conservatorship in September 2008, at the height of the financial crisis. Treasury and the companies have already set aside $75 billion for foreclosure prevention, which can be spent on interest-rate reductions or principal write downs. Meanwhile, a growing number of loans backed by Fannie and Freddie are falling into default.

PLUS:  Look  what Diana Olick said:

Diana Olick – Banks Ignore Delinquent Borrowers

“Some encouraging signs on the foreclosure front may not be as rosy as some are reporting. RealtyTrac, the online foreclosure sale site, shows a 9 percent dip in the number of properties with foreclosure filings in April, month-to-month.  The driver of that dip is a big drop in new notices of default. The final stage of foreclosure is bank repossessions (REO) shot up to a new record high, up 45 percent from a year ago. When I first read the report I thought, okay, we knew there was a big pipeline of loans that would not get modified and would have to come out the end at some point; now is that point. The fact that fewer loans are going into the pipeline should be our focus, and that’s a positive. That’s what I thought until I interviewed RealtyTrac’s Rick Sharga. “People are sitting in their houses not paying their mortgages, and the banks are letting those delinquencies extend longer and longer periods of time before they put them in foreclosure,” Sharga told me. That, he  adds, is the main reason we’re seeing lower numbers of new defaults. The borrowers are in default, but the banks aren’t paying attention, so they don’t show up in the numbers.

“The fact that we have six to six and a half million loans that are either seriously delinquent or in foreclosure also suggests we are not nearly out of the woods. If we just started to absorb that inventory at the pace we’re currently seeing new foreclosure proceedings we have about a 50 to 55 month supply of loans that yet have yet to be processed, so we have a way to go before we are out of the mess,” he added. Sharga makes a compelling point.  A lot of folks are either falling out of the trial modification period or not qualifying in the first place, and those loans are moving quickly to bank repossession. California-based mortgage analyst Mark Hanson adds perspective with a look at “cancelled foreclosures.”  These are not tracked by RealtyTrac, but they “bite right out of Notices of Default and foreclosures, so to get a real idea of how ‘credit’ is doing, you have to add a certain percentage back.”  That’s because Hanson believes the redefault rate on these modifications will be at the very least 50 percent 6-19 months out. “

What are your thoughts about this?

Bank of America (BOA) Equator Program and Counter Offers

Posted by: Mike Warren

Mortgage Servicing

Important Information Regarding Acceptance of Counter Offer Terms

To: Agents initiating a Bank of America Short Sale

From: Bank of America Short Sale Communications Realtors have told us the better they understand the counter offer process, the more successful they are in closing short sales. The following facts related to the counter offer process are critical to closing short sales in Equator. Fact #1: Your acceptance of the counter offer terms does not mean the transaction is approved Acceptance of the counter offer means that Bank of America will take the next step of presenting the transaction for approval to the investor.  In some short sales, multiple approvals may be necessary from others including the second lien holder, mortgage insurer and Bank of America senior management. Fact #2: The terms of the accepted counter offer may be approved, declined or changed Any of the parties reviewing the transaction can change the terms of the transaction, approve or decline it. Fact #3: The counter offer may have an expiration date Please reply to the counter offer before the expiration date.  If you don’t reply by the expiration date the transaction will be rejected and you must restart the process by initiating the short sale and resubmitting documents. Fact #4: The counter offer must be accepted via the offers management tool in Equator To accept the counter offer, go to the “Workflow” section of Equator and select the “Offers Needs Response” link.  Select “Counter Offer” and press the “Accept” button in the Counter Offer screen.  You cannot accept a counter offer via an Equator email to your negotiator. Why understanding these key facts, you will be in a position to better help the homeowner complete a successful short sale transaction.  For other questions you have about the short sale process and Equator, refer to our informational guide at the following link: http://bankofamerica.reo.com/shortsaletraining ,,_ also great for searching bak owned REO’s.

Useful Site

I was talking with my daughter last night (she is on the computer full time and she is only 12) and she showed me a site that made me say “now why didn’t I think of that.”  It is free and very useful.  No sign-ups or hidden tricks.  Check it out Here.  let me know what you think-that means Post A Comment.

How to Stop A Summary Judgment of Foreclosure

Please note I am not an attorney and this is not legal advice.  This technique is used by homeowners to successfully postpone the auction and is very useful for investors who are attempting to negotiate a short sale and need more time. I have left out the state as some state timeframes are different but the principle is the same.

The bank files its foreclosure and the homeowner is served notice that there will be a court hearing for  Motion for Summary Judgment of Foreclosure by the bank at which time they will set a specific date for the auction of the property. What we are looking for (and they are very easy to find) are deficiencies in the pleadings filed by the bank.

You may have heard taht with all of the foreclosures going on around the country that it has become difficult for the bank to produce original paperwork.  In this case the promissory note could not be produced so the bank was going to produce at the hearing an Affidavit of Lost Promissory Note.  This is permitted under a special state statute that creates a mechanism to prove up a financial instrument that was lost by the holder.

here is where it gets good.  The Rules of Summary Judgment say that any pleading to be used by the moving party (here, the bank) must be filed with the court and provided to the other parties at least 20 days (depnds again on your state) prior to the hearing.

The bank complied with the lost note statute (they had the lost note affidavit to give to the judge), but not the court rule about the 20 days. We argued this point with the judge and the judge agreed and denied their Motion for Summary Judgment.

This whole exercise was not to create a delay so the client can live in the house for free (which they could) we did it so that we could complete a short sale with the bank and we had a jerk for a loss mitigator who had a very large ego and was not looking out for the bank’s best interest. By completeing this short sale we also helped the homeowner avoid a deficiency judgment which could stay with them for more than 20 years (depending on the state).

Bottom line, everyone was happy.  We negotiated a short sale with the bank.  The homeowner avoided a foreclosure and a deficiency judgment against them and the bank got out of a bad deal which positivly impacts their lending loss reserves.

So, let’s chalk up a win for the small guy.

How To Send Video On Twitter

Blackberry and iPhone users rejoice.  A new service (that’s free) allows you to send video to your twitter profile and cross link to other social media platforms.

Ever want to share a quick video for your blog to other marketing site?  See a local event unfolding that people should know about? Now you can instantly share this information.

With the recent success of TwitPic, an app that allows Twitter users to share photos, mobile video tweeting seems like the natural progression for Twitter fans. TwitPic has over 2.5 million users a month, reports TechCrunch. “Celebrities on Twitter are now using it, and it made headlines around the world when a man snapped a picture of the Hudson plane crash and posted it to the service. The Twitter community, it seems, wants a way to share media via the micro-messaging service. And the next logical step in that is video. Enter TwitVid.”

Read on to learn how you can broadcast your own videos to your Twitter followers.

Things You’ll Need:

1. The TwitVid app for phone or computer
2. A Twitter account

Make your Video

1. It’s easy to start tweeting video. Start with the TwitVid app. The application is available for both BlackBerry and iPhones. Find the BlackBerry app on BlackBerry App World and iPhone users can get the app from the iTunes App Store. The apps are free to download.
2. Download the app to your phone. TwitVid enables you to post your TwitVids automatically to Twitter as well as other social networking sites like Facebook and YouTube. I like this feature the most since  I can hit several different sites at the same time.  I don’t have a lot of time so being able to have my content sent to multiple sites at the same time can save you a boat load of time.
3. When you want to tweet a video, simply open the app. Select “Record a New Video” and shoot your video. The TwitVid site does not put a limit on video length. Watch the video length.  Imagine trying to upload a 20 MB file from your phone-it may take a little while.  So keep it short and to the point.
4. When you’re ready to tweet your video, enter the text to accompany your video tweet and hit “Send.” The video will be posted to the TwitVid site. The TwitVid app automatically creates a shortened URL as part of your tweet and will warn you if you type too many characters in your tweet.
5. Every video has “like” and “retweet” buttons, which feed back into the Twitter stream and can quickly spread your video among many more Twitter users. This is the Viral nature of twitter and social media.  So you can get a lot of people visiting your blog or affiliate links.

Like This article?  Not sure how to use Twitter?  You can take a look at the Twitter Cash Machine to get you started… http://twittervideovault.com

Please comment on this article and let me know what you think.

Thanks

Mike Warren

Judgments, Loan Mod's, Defaulted Paper & Social Media-Oh My!

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How to Use Social Networking to Grow Your Business

If you have an online business or e-commerce website, social networking can be really beneficial for you. Social networking is an important tool to promote your site and then to generate traffic. Therefore, you can enjoy increased sales and earn more profits from your business.

Before you know the importance of social networks, it is important to understand what social networks. To put it simply, is the networking of social interaction of groups of people bought by a common interest. It has always been since we developed communication and monitoring mechanism, even today. We meet new people and make them our friends if we share the same interests. In this way, we’re a social network, and as we knowledge and new friends, we talk about social networks.

Social networking is equally useful for those who are related to economic and commercial design of the site. Companies that share the same interests are able to share with each other to communicate, build relationships through partnership and strengthen their businesses. Social networking is very effective for small and medium enterprises because they have the opportunity to reach more people around the world.

If you have an e-commerce site, you can also use the potential of social networks for your business and networking in the real world, online businesses, which have an equal interest in contact with each other. This allows you to forge a partnership or an alliance to increase your status. Social networking is an excellent tool to generate traffic to your website. You can use a directory of your target audience and generate a group of social networking traffic to your website. This is possible because the connections you make online, you may have with many opportunities for more traffic. It is a community of people out there who are not from your site to get acquainted. But will social networking offers other links that you do not have occurred in other ways.

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Want to learn more?  Then join our webinar where I will explain it all to you.

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Facebook Mass Friend Invite

"Former Facebook Hater Uncovers Secret To MASS FRIEND INVITE all of your Facebook Friends to your event with the PUSH of a BUTTON!

We are finally revealing the SECRET Facebook doesn't want you to know

Check out the video and get the simple script that does it all, plus get a couple of Free books along the way.

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Google Real Estate

Do you know how to profit from Google Real Estate?  Sounds funny I know, but what I am talking about is getting on the first page of Google for you business wheather it is a real estate business, dog grooming, doctor, lawyer, auto repair or any other business you can think of.

One of the challenges most businesses have is getting more business/leads.  Without leads you have no sales.  No sales means you can’t pay your bills, payroll, etc.

What would being on the first page of Google do for you?  I think it would get you the leads you need.  Buyer leads. Seller leads.  Refinancing leads.  Property listing leads.  You name it you can get it.  There are lots of systems out there that can get you on the first page of Google.  Here is the dirty little secret; you can get on the first page but can you stay there?  For 99% of the people out the the answer is no they can’t keep themselves on the first page.

Well I have some great news.  Over the past year we have finally perfected a system that not only gets you on the first page but keeps you there every single month.  This in turn drives HOARDS of new leads into you business.

Want to learn more?  Then join our webinar where I will explain it all to you.

http://misunviersity.com/webinar

Let me know what you think about being on the first page of Google and what it can do for your business.