San Diego, CA (PRWEB) April 06, 2013
LoanSafeMods.com recently released a number of testimonial videos that show the REST Report in action. These are reviews by people who were helped with their mortgage modification requests by the REST Report, a third party analytics tool that shows homeowners exactly what modification programs they qualify for and also shows banks and lending institutions how the numbers add up and why it would make more sense to modify a mortgage rather than settle on foreclosure.
These REST review videos all feature homeowners who were able to save their homes after struggling to save their homes for months or even years. The REST (Real Estate Services and Technology) Report takes the information provided by the homeowner and runs it against the current qualifying criteria issued by all available loan modification programs, such as the HAMP, HARP and other government and non-government loan workout programs.
This not only gives the homeowners peace of mind, as they will see exactly what they qualify for in a matter of days instead of having to wait several months only to have their application either approved or denied, but it also really helps the lending institutions to process the request quickly. Alan White, of the City University of New York, said in a recent article on Bloomberg, “While processing delays have given borrowers time to negotiate loan workouts, large lenders often lose documents and ask borrowers to resubmit them repeatedly.” As a result, many homeowners have given up because they simply can’t get their modifications approved and they don’t see any end in sight. Instead of getting the mortgage modifications that they deserve, they are settling on short sales or foreclosure.
This has caused a considerable amount of stress for homeowners who are never sure where they stand and whether or not they will be able to keep their homes. The REST Analysis solves this problem by showing the borrower and the lender exactly what programs the mortgage situation qualifies for, and exactly why it qualifies for those programs.
The analysis can also help to point out problems with the application before the homeowner ever sends their request to their lender, which will give them time to fix the problem or find some work around solution. Also, if the report shows that the mortgage should have qualified for a modification, but the lender denies approval of the modification, the REST Report is so accurate and trusted that it can even be used as evidence if the homeowner decides to take the lender’s decision to court.
These benefits serve to make the REST Report one of the most invaluable tools for homeowners who are seeking mortgage modifications. The REST reviews featured on LoanSafeMods.com can help show struggling homeowners what they stand to gain when they choose the REST Report. To view these testimonials and learn how the REST works, please click here.