Thrash Lab

Social Media’s Unwritten Rules on Etiquette

Social media has forever changed the internet as we know it. It has provided us a way to endless possibilities. It allows us another innovative way to market ourselves while saving time in our busy lives. One can get updated on the latest news and headlines faster than ever before with social media outlets such as Twitter, MySpace, and Facebook, too.

However, a disturbing trend has caused issues amongst users in all social media entities. We’ve all dealt with spammers, and some have even had a hacker or two trying to obtain personal information any which way they can. But there are some unwritten rules in social media that everyone should adhere to.

I like using services available to me to find friends while staying in contact with them, and helping to build traffic to my websites. I’m very easy-going when it comes to social media, but I do think people can cross the line while abusing those outlets. Here are three I’ll address here….

  1. Facebook gaming such as Farmville and Mafia Wars

For anyone that has used Facebook, you know that you’ve seen your fair share of those invites to those games like Farmville, Mafia Wars, and others. I do not play any games on the site, and I don’t have too much of an issue with it. But some constantly flood your page with updates on the games and invites to help them which gets to be too much when they take up your homepage. If they choose to play, that’s their business.

One should know when to back off constantly sending invites because there’s no reason in annoying friends to a point where they might consider removing you from your friend’s list especially if you don’t know them well enough. You can hide their status if it continues, and possibly sending them a private message about them inviting you constantly. Most don’t mean anything by it or know it’s an annoyance, but it’s probably best to contact them directly if you choose to deal with them instead of calling them out publicly.

  1. Twitter Etiquette

It’s common for followers to link to their own sites as well as friends on Twitter. It allows those sites to get more traffic. Everyone should be appreciative when you see your site(s) being tweeted, and you should thank them for it.

Spamming with links to sites, and annoying direct messages can be bothersome on there, too. That’s also a good reason to block those types completely off, so that it doesn’t become more of a problem. If it is someone you know that follows you, it would be best to contact them via direct messaging without calling them out in a tweet. If they don’t stop, then block them off.

  1. Video links

One thing that has been a growing trend especially on Facebook is video links being sent in private messages to those on your friend’s list. Almost always, they contain a virus that can cause real damage to your computer. Whether you know how it happened or not, be sure to always post a status update to warn others not to open and click the video link in the private message. You may even want your friends to post a status update for others to be on the lookout for the video link, too. One can seriously damage their reputation by not informing everyone about this especially if those victims click on the video link leading to a virus. Be aware of suspicious links in private messages on there at all times.

Those are just some of things I’ve seen and dealt with in regards to social media outlets. I haven’t experienced much outside those things, but what you do online says a lot about the type of person you are. This is social media etiquette that everyone should know to follow, and not doing so can ruin your online reputation as well as offline if people such as co-workers or employers are made aware of your activity.

To sum up, social media is a platform or rather a virtual world where people, who are introverted in nature, find a place to open up and share their feelings and deepest thoughts that they are shy to do in the real world. But it doesn’t mean that it is devoid of moral and ethics if some uncouth person vents out his feelings in the form of abuses and inappropriate behavior just to buy cheap instagram likes.

Requesting A Loan Modification!

What is a Loan Modification?

A loan modification is a voluntary change to the terms of your loan made by your current mortgage lender. A loan modification is sought to accommodate a borrower’s particular hardship usually associated with reduced family income, inability to refinance, dramatic decrease in the home’s value, or foreclosure concerns. Modifying your loan can result in a lower interest rate, a lower loan balance, a lower payment or any other type of relief assistance that helps you better manage your monthly payment.

Loan modifications have become very popular in recent years due to the increase in nationwide foreclosures which have been blamed by many in part on adjustable rate mortgages and unemployment. Adjustable rate mortgages traditionally offered homeowners a low fixed rate and payment for a brief period of time then adjusted which in many instances causes a homeowner’s mortgage payment to dramatically increase.

Recently a government program known as HAMP (Home Affordable Modification Program) has promised to help distressed homeowners achieve mortgage relief but the program has reportedly not yet met expectations regulators had intended. The Independent Foreclosure Review sponsored by the Office of the Comptroller of the Currency (OCC) is also a government initiative to ease the burden of homeowner distress for eligible borrowers.

The OCC’s deadline for homeowners to request the Independent Foreclosure Review expires April 12, 2012. A recent $25 billion dollar settlement was reached between the joint federal-state attorneys general and the nations five largest banks. The settlement terms provide distressed homeowners with relief in the form of mortgage principle reduction and cash payment for victims that lost their homes to foreclosure abuse practices. The program also helps people having trouble with their employers in regards to their compensation, as Baltimore workers compensation lawyer is always ready to help.

Although the above initiatives promise to facilitate the loan modification review process, the loan servicer will examine the borrower’s income which demonstrates the ability to make the payments on the new modified terms. The lender also examines the realistic benefit of the modification in comparison to the current loan terms. It is not likely that a modification request will get approved if there is a marginal difference from the loan that you already have.

If approved, a loan modification can alleviate the financial burden caused by a high mortgage payment and can also increase a your disposable cashflow which can be used to address other monthly debt.

Understanding Your Type of Mortgage Loan

Before requesting your loan modification, you should first make sure you have a working understand of your exact type of mortgage loan. Having a working understanding of your mortgage loan will certainly help frame your modification request. You should first get your hands on your mortgage contract which is otherwise called a mortgage “note”.

What type of mortgage “note” do you have? Is it a fixed rate, adjustable or variable rate, interest only, interest only for 10 years, option ARM, fixed rate with a balloon due at the end?

If you haven’t done so already, you should search for a very important document called a “note”, which is most likely located with the stack of papers you received when you last closed on your loan. Now depending on what type of mortgage you have, your “note” will describe exactly what kind of a loan you have.

If you have an adjustable rate mortgage, your note would be titled “Adjustable Note”. If you have a fixed rate mortgage, your note will be titled “Fixed Rate Note” or simply “Mortgage Note”. Likewise if you have a balloon mortgage and hopefully you know if you do, your note will be titled “Balloon Note”. And by the way, a balloon mortgage is not a loan that comes with a set of balloons after you close.

What is a note? A note or “promissory note” is simply the contract that spells out your written promise to pay back the loan. Promissory notes are not only issued on mortgage loans, but also on car loans, personal loans and any type of loan where there is the expectation of regular monthly payments or installments to satisfy that loan debt.

A mortgage note is usually about 5 pages long and the language is separated into numbered paragraphs, which each contain specific information about the loan. The note will identify the borrower, address of the property financed, the interest rate, amount of the monthly payment and loan amount. After reading your note you should have a much better understanding of your exact loan type to request the help you seek from you lender.

How Do I Qualify For a Loan Modification?

When requesting a loan modification from you lender, you should be very specific about what you are looking for and why you should get it. As mentioned above, having an understanding of your current mortgage type will help greatly. You should absolutely make your modification request in writing and not accept any final determination from the lender verbally or over the phone.

You may be surprised to hear that there is no specific criteria of eligibility. Income however is obviously critical. The Government’s loan assistance program coined the Obama Modification and Refinance Program has introduced some confusion about a borrowers qualification, so it is best to address your lender directly.

Do I Need an Attorney to Modify My Loan?

You absolutely do not require an attorney to request a loan modification. In fact you lender would prefer that you don’t have one. Your lender is the only party that can voluntarily modify your loan. An attorney can send a modification request to your lender just like you can, except the attorney will charge you a lot of money for doing so.

The lender does not shake when they see a modification request prepared by an attorney and many law firms or “loan modification companies” market their services as an assured bridge between you and a much lower payment. The lender is not going to say “let’s settle this one” like the old Jacoby  amp; Meyers commercials that dramatized the moment the insurance company receives a demand letter from the world renown law firm. You lender will honor a sensible request prepared by you, their customer, as long as it is written, well thought out, and demonstrates good faith on your part.

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