REST Report Sought By Homeowners Applying For HAMP Modifications Before Program’s Cut Off Date

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Homeowners seeking HAMP mortgage modifications before the cut off date can maximize their success with the REST System. A new video on shows how effective the REST can be when dealing with delayed HAMP and other modification requests.

The REST Report may be homeowners’ last opportunity to avail of the HAMP programs before their cut off date at the end of this year. The HAMP (Home Affordable Modification Program) was originally set to expire on December 31st 2012 but this date has now been extended until December 31st 2013. This extension gives homeowners who have not yet been able to get their HAMP modifications approved an opportunity to send in their applications again with the assistance of the REST Report.

The REST Report (Real Estate Services And Technology Report) is a third party analytics tool that not only shows homeowners what modification programs are available given their particular financial situation, but because the report is respected by lending institutions as well, a Report that shows a qualifying result can often help to speed the approval of modification request even if approval had previously been delayed for one reason or another.

“While processing delays have given borrowers time to negotiate loan workouts, large lenders often lose documents and ask borrowers to resubmit them repeatedly.” Says Alan White, a professor who teaches consumer law at the City University of New York, said in a recent article on Bloomberg.

These constant delays often lead homeowners to give up on getting their modifications approved, even if they know they should qualify for them. Instead they are settling on a short sales or even foreclosure, as this seems like their only option. As a licensee of the REST Report, has helped many homeowners who were in situations where their requests for HAMP or other modification programs were stalled to finally get their applications approved and avail of the modifications that helped them to save their homes. A new video on shows a few examples of the REST in action.

Ron, an EMT and single father from San Diego, was finally able to get his HAMP modification approved after years of struggling to save his home. The mortgage modification reduced his principle by more than $350,000 and cut his monthly payments nearly in half.

Linda, a single mother who lives in Oceanside with her little girl, also struggled for more than two years to get a modification. After finding the REST, she was finally able to see what she qualified for and got approved for a modification within a few months which reduced her monthly payments from $3,000 to $2,100.

Crystal, another homeowner from San Diego, also struggled for several months with her mortgage modification request.Her bank was moving quickly to foreclose her home and she was living in fear that she’d be on the streets at any time. However, after finding and the REST Report she was able to turn her situation around. Her approved modification lowered her monthly payments from $1,700 to just $728.

These are just a few of the success stories from For more information on how the REST system can help assist in HAMP and other loan modification program applications, and for more REST reviews from those who have used REST services, click here.

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Patrick Miller
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