San Diego, CA (PRWEB) March 05, 2013
Everyday thousands of property owners across America apply for mortgage modification but most of these people adopt the traditional route i.e. submitting the application and waiting for a response from the lender. The process can take up to 12 months and oftentimes the application gets rejected for no apparent reason. The Real Estate Services And Technology Report provides an easy alternative to this process. The report is a blessing for those thinking about applying for foreclosure assistance. At LoanSafeMods.com homeowners get access to the REST report and several other useful analytical tools.
REST is the best third-party analysis tool when it comes to loan modification. It tells the property owner exactly what he or she qualifies for within a time period of 48 to 72 hours. In other words a person doesn’t need to wait 10 to 12 months to find out if he qualifies or not. It uses the same criteria while checking an application that financial institutions use which means that the information provided in the report is 100% accurate. In fact, many attorneys and lenders are currently using the REST report to analyze the applications submitted by their clients. In addition, this report is a great way to prove that modification is a better idea than foreclosure. By proving this to the investor a homeowner can have his sale postponed or completely stopped. It wouldn’t be an understatement to say that REST has completely revolutionized the American mortgage industry.
When it comes to modification there are more than a few programs out there. The Home Affordable Modification Program, also known as HAMP, is regarded by many as the best. The main reason behind the ever-growing popularity of HAMP is the huge amount of media publicity it gets. But although it is a very good option, it shouldn’t be the only focus of a homeowner. Truth be told, a considerably large percentage of loans are modified outside of HAMP so it is a wise decision to keep all the options in mind. The REST report is very effective in this regard. It was designed to work in diverse scenarios. As of now the report is compatible with Hamp Tier 1, Hamp Tier 2, JUMBO loans and short sale solutions.
The REST report not only provides peace of mind and protection to the property owner, it is also known to cut down the processing time of applications considerably. A mortgage modification request that has the REST report attached to it carries a lot more weight than a normal application. In some cases applications backed by REST get approved in half the time that lenders usually take to respond to a request. Not only that, it also acts as undeniable proof that holds up even at court level. So if a property owner is completely sure that his application should have been approved, he can take the matter to court.
By visiting LoanSafeMods.com homeowners can find out all about REST and get access to a number of other effective analytical tools. The company holds a great reputation in the industry and is trusted by thousands of satisfied clients from all over the country. Click here for more info.