San Diego, CA (PRWEB) March 30, 2013
LoanSafeMods.com can help homeowners to avoid the worry that usually accompanies applying for mortgage modifications with the help of the REST Report. The REST Report (Real Estate Services and Technology Report) is a third party analysis tool that can show the homeowner exactly what type of modification programs they qualify for, if any, before they even send in their application to their bank.
LoanSafeMods.com has helped many homeowners to utilize this tool that can help them with their modification process. Some of the homeowners had been struggling to get their modifications approved for months or even years. The REST Report can help in these situations because it can show the homeowner if there are any areas of their application that are causing the approval to be held up, and it can also show the bank how the numbers add up and exactly how it makes more sense to approve a modification than to foreclose a property.
A newly released video on the website exhibits how effective the Report can be and how it can help to allay some of the fears most homeowners feel when faced with difficult modification situations and foreclosure.
The new video follows the story of Mona and her husband, a self-employed family that was hit hard by the recession in their line or work. Mona says of the situation: “My husband and I have always had our own businesses and we've always seen things get slow, but never where the people with money were starting to feel it.”
As their construction business slowed down, their mortgage payments were more and more difficult to make each month. Mona scoured the internet to try to find out why everything was just shutting down. However, she couldn’t really get any satisfactory answers. She says:
“I had people I could talk to, but with the people I was talking to no one had the information and no one really knew what was going on.”
Mona also says in her REST Report video review that it was very difficult to see what people were saying about the situation: that it was the homeowners’ fault because they had spent much more than they ever had. For Mona and many others, this simply was not the case.
Mona tried to apply for a modification but for some reason or another her bank kept stalling the approval of the application.
“I was exhausted mentally. We'd just had it. We're lucky we stayed married. It was just very trying.”
Finally Mona found a breakthrough with LoanSafeMods.com. She says in the video:
“I contacted the REST Report team and the things that they were talking about concerning utilizing the REST Report for the modification process really made sense. Things went very quickly with our modification using the REST Report and presenting the numbers to the bank in the order that they needed to read them. It was a blessing and it wasn't something that I could have figured out, especially at that point.”
Mona says that the REST was very helpful, especially in easing many of the fears she and her husband had about the situation with the bank. She says: “There were times when I panicked because the banks have to run it out; they have to send you the scary threatening letters. But the REST team put me at ease and explained that those were just form letters that were going to be sent out regardless.”
Now Mona and her husband can afford to stay in their home. The modification reduced their payments to less than $2,000 per month, which is about half of what they were paying prior to the modification. Mona’s advice to other struggling homeowners? –
“If you can, try one more time and trust the people who know what they are doing and who know what the industry is doing. These things work. The REST Report works!”
To find out more about the REST Report and how it can help with difficult loan modification situations, click here.