Archive for April, 2009
How To Prevent Foreclosure
There are various solutions to help prevent foreclosure in this down economy. We would like to feature various foreclosure posts here at Passive Cash Mentors that can provide options for you.
How To Prevent Foreclosure
Military Foreclosure Prevention
Please do not hesitate to call us to help you, a family member or a friend in need. We are more than happy to assist you and provide the best service that meets your need.
Naomi Trower
Real Estate Broker
“Creating Financially Secure Families”
Premier Homesavers Group
@NaomiTrower
3 Top Social Media Sites For Your Business
We want to feature the 3 Top Social Media Sites that are bringing us clients to our business. We will feature several posts that describe the benefits and the how to’s of each site. There is a certain etiquette and culture for each site so be sure to become familiar and aware of them.
3 Top Social Media Sites For Your Business
Twitter Viral Marketing Strategies
I have to admit that I’m an avid Twitter and Facebook user. Although I’ve had a LinkedIn profile for a long time, I haven’t utilized this professional social network as much as I should. I plan to dive into it a little more this year and provide more useful LinkedIn posts here at Passive Cash Mentors. For now, I have provided a post from another blog featured above. Have fun with social media! What’s your most used social media for business?
Naomi Trower
Internet Entrepreneur
“Teaching Others Social Media”
@NaomiTrower
Forensic Loan Audit & Loan Modification
When people look for a mortgage they rely on professional advice and the aid of a mortgage broker or lender. The loan process is complicated and most everyone places their trust in the professional that is guiding them through the process.
Unfortunately, many of these professionals placed thousands and thousands of borrowers in loans that they could not afford or in just down right exotic mortgages, that now have become extinct.
Predatory lending is a buzz word that is floating around a lot right now and for good reason. There are thousands and quite possibly maybe a million plus people that have mortgages where the Truth in Lending Act was violated, thus falling under the predatory lending statue. Many can stop foreclosure if they only knew what to look for and how to defend themselves.
Loan Document Audit
This service is a very specialized and imperative in identifying if a borrower is a victim of predatory lending. We review all loan documents and perform a thorough investigation for miscalculations and to determine if the loan terms are accurate, truthful, and met the requirements of the applicable federal statutes.
Our #1 goal is to determine whether there were violations of federal law. If these violations are found, then the borrower may be eligible for complete relief of the predatory loan. This is know as a loan rescission. Meaning the lender takes back the “predatory loan” and awards or credits back to the borrower all interest made on payments thus far, loan origination fees, all applicable lenders fees, penalties and attorney’s fees.
This can be done by means of a loan modification or a new affordable loan. This allows the borrower to get a new loan with a smaller principle, meaning that the mortgage can be affordable and non-predatory.
Forensic Loan Document Audit
* Complete client interview and all applicable parties
* Complete loan document and disclosure audit by 30 year underwriting and fraud and compliance mortgage professional
* Truth in Lending Act (TILA) and Real Estate Settlement & Procedures Act (RESPA)
* Reverse engineering of your loan terms and Annual Percentage Rate (APR) for possible TILA violations
* Complete 10 page report with violations and findings
Constructive Fraud
Material facts include the terms of the loan, whether there is a prepayment penalty, or any other information which a reasonable borrower would want to know before accepting the loan. Did the broker or loan officer or anyone working for the broker or loan officer fail to disclose any material facts to the borrower?
Fraud and Negligent Misrepresentation
Were any representations, statements, or comments, written or oral made by the loan officer, broker, notary or anyone else which contradicted the terms of the documents?
Negligent Misrepresentation
When a mortgage professional makes errors which a reasonably diligent mortgage professional would not have made, he or she may have made a negligent misrepresentation.
Breach of Contract
The note and its attachments are a contract. The broker must follow all the terms of the contract such as the way the interest is calculated, and the penalties it assesses. Were there any terms in the contract which the lender failed to follow?
Loan Audit Report
* Results report of all factual findings of the forensic audit
* Any and all applicable federal law violations
* The real terms of your loan
* Outline of hidden fees and/or commission earned by your broker or lender
* A complete assessment so you can pursue possible legal claims against your broker and/or lender
Click here for details about our forensic loan audit and modification solution.
Click here to review a sample of a complete forensic loan audit report.
Click here to review the forensic loan audit and loan modification agreement.
Here are some various loan options available for you:
|
|
Short |
Loan |
Home |
Short Sale |
|
Risk |
High |
Low |
Low |
Moderate |
|
Success |
Moderate* |
High |
High |
Moderate |
|
Create |
Yes |
No |
No |
No |
|
Credit |
Repairable |
Repairable |
Repairable |
Repairable |
|
Keep |
Yes |
Yes |
Yes |
No |
|
Other |
Sell/Refi |
Acceleration |
Sell/Refi/Mod |
1099-C*** |
Feel free to call and discuss the best option for you.
Kylon Trower
“Creating Financially Secure Families”
CEO Premier Homesavers Group
661-298-2104
Oprah & Ashton Kutcher advocating for Social Media: Twitter & Facebook
Ashton Kutcher (@aplusk) has set the stage for a new Twitter milestone. Ashton Kutcher is the first person to reach 1 million followers on Twitter. He was in a race with CNN and I’ve included his live streaming video below that shows the events leading up to his victory and his celebration party.
He then went on the Oprah show and she now has a new Twitter account (@oprah). The picture below is a snapshot of Oprah’s first tweet. I just cracked up at her calling us Twitters! I actually retweeted a quote from Shaquille O’Neal on Twitter. “RT @THE_REAL_SHAQ You can have everything in life that you want if you will just help enough other people get what they want” Ashton has taken that step with his gift.
This is taking social media to the next level. There is already a business craze with social media where more and more businesses are turning to social media for their advertising pursuits, so why not celebrities? Ashton donated $100,000 to his millionth follower in appreciation for reaching this milestone. So what do you think? Do you think this will change social media for the better? Will Twitter be destroyed by Oprah-ites?
Naomi Trower
Internet Entrepreneur
“Teaching Others Social Media”
@NaomiTrower
Day 10 Problogger Challenge
Whew! I have learned so much from Darren Rowse’s Problogger Challenge. I haven’t focused as much as I would like on this blog during the challenge but I have received so much traffic to my fitness blog as a result of this challenge.
It’s unbelievable that there are 11,000 participants in this blog challenge! I thought it was interesting that Darren put up a poll asking who would be interested in buying a workbook for $10 that would compile the 31 day challenge in one place. That’s an instant income potential of $110,000 in one day! That’s the power of a large subscriber base.
Today’s challenge involved setting up google alerts for your niche. I was excited to know that I already had my google alerts for my fitness, mortgage and real estate niche set up weeks ago. I will focus on promoting another blogger today.
EJ Cooksey is ranked in Technorati’s Top 100 blogs for her Make Money Online with EJ Cooksey blog. I took some time to write her and ask about her success. She has about 5 different blogs and she said that she favorites a lot of blogs, links to a lot of blogs and uses Entrecard. There are so many things that you can do to improve your rankings in the search engines but these are just a few ideas. Congratulations Elizabeth on being in Technorati’s Top 100 blogs!
I highly recommend Darren Rowse’s 31 Days to Build a Better Blog Workbook. I’ve already professionally bound it and keep it close to me as I write new blog posts.
Naomi Trower
Internet Entrepreneur
“Problogger Challenge Participant”
What is Twitter’s #Follow Friday?
This question has been a hot topic on Twitter lately. The funny thing is that I’ve seen my twitter name @NaomiTrower (my business focus) and @FatLossMama (my fitness focus) on the #FollowFriday list for the past several weeks and didn’t really know what it was all about. I started my research on it and now I have the skinny!
#FollowFriday is adding your friends or recommendations of twitter friends for other people to follow. It is a promotion tool for your friends and its awesome because you tend to receive once you give in a great way. This helps to organically grow your followers as well as most people really like to return the favor.
When you click on #FollowFriday, you will see a list of tweets with all of the people that are recommended by all of the Twitterverse. It is also great to include a little blurb as to the reason to follow them as to give a little info about your group recommendation. I’m going to start grouping my friends and recommendations for others to follow for great quotes for example or great topics or great entrepreneurial advice to give you an idea.
This will help people right away to know why they should follow certain people because most people want to follow certain types of people. So go have fun with #followfriday and other hot topics on twitter!
Naomi Trower
Internet Entrepreneur
“Teaching Others Social Media”
5 Passive Income Ideas
I must be addicted to challenges! I just finished a 12 week fitness challenge and will be joining another one on May 1st. I plan to be in a fitness challenge for the rest of this year. I also joined a 31 day blog challenge to improve my blogs with problogger.com. I’m on day 2 of 31 and I love what I’m learning.
This post is my assignment for today’s blog challenge. This is a list of passive income ideas that will give you ideas to increase your income stream. It always best to choose an area that you have a passion for so your passive passion can be any of the following ideas below…
5 Passive Income Ideas
1. vending machines
2. affiliate products
3. monthly subscriptions
4. real estate investing
5. ebay business
For more detailed information on these passive income ideas, you can read my previous post on this subject. In today’s economy, there are many people that are looking for alternative ways to earn extra income. We have had the most success with 3 of the 5 passive income ideas listed here. They are ebay, affiliate products and real estate investing.
We started to investigate vending machines and was burned by one company that never delivered the machines to our designated sites. We always recommend to do your due diligence research and narrow down your search to three options and/or quotes before choosing your ideal passive income idea. Have fun earning passive income!
Naomi Trower
Real Estate Broker
Internet Entrepreneur
“Teaching Others To Earn Passive Income”
Freeze Your Mortgage Loan
Is this really possible? Have you ever considered how the top elite real estate investors do not ever seem to be in foreclosure? Or that in certain high profile cities like Palos Verdes, CA and Beverly Hills, CA there are low foreclosure rates? Why is it mainly the middle class that are suffering the most? There are many options that are available but aren’t readily accessible to the common public. There are several options that are only available and are known in elite circles. Freezing your mortgage is one of these options.
Let us disclose a sample of the secret, the top elite have been freezing their mortgage payments for years and using that income to invest in real estate at great depression prices. We are currently in negotiations with attorneys which have been doing this process for the last 20 years. They guarantee and legally FREEZE the payment of any mortgage residential or commercial for 3-10 years. We are thoroughly investigating this as a practice and the team of attorneys as a company. Here is what we’ve found so far:
We have found another company that is successfully using this team of attorneys and has closed 88 of 89 homes into a freeze state in the past 4 months. The reason the one home didn’t close was because the homeowner cancelled at the last minute due to doubt while his neighbor jumped for joy when their home was approved.
The 3, 5, 10 Year Mortgage Freeze Program enables clients to completely freeze their mortgage on their Residential or Commercial property due to 44 non-disclosures that lenders are not disclosing (very similar to the Fair Credit Reporting Act). With the right legal documents and assistance your mortgage can be frozen and it is 100% legal. All you have to pay is your monthly homeowners insurance (in case of any natural disaster like flood, fire, etc..) and your annual property tax as that is the governments money and has nothing to due with your lender.
At the end of your term you will have (3) options,
1st option is to go right back into your old loan with nothing added.
2nd option is to sell the property at the end of the freeze term
3rd option is to pay off the property at a negotiated price (if you have the ability to not pay a mortgage for 3-10 years you should be able to stash your cash!).
Just imagine the possibilities this could provide for the budding real estate investor! We have a friend that recently bought beach property here in California for $347,000 in this down market. She put this new property through the Freeze Your Mortgage program and now has a freeze on her mortgage for 10 years! She can have positive rental cash flow until the market adjusts and cash in at a later date.
This is also an incredible opportunity for those that are near foreclosure as well. This will allow them time to rebuild financially due to a layoff, job market decline or whatever the case may be. We will be back to report our findings here at Passive Cash Mentors as we don’t believe or promote anything that is illegal or causes harm to our clients.
By the way, this is NOT an April Fool’s Joke!
Kylon Trower
661-298-2104
CEO Premier Equity Group, Inc.
