Thousands Avoid Foreclosure In 2012 With REST Assisted Mortgage Modifications

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2012 saw a steep drop in foreclosure rates which some experts are connecting with the rise in approved mortgage modifications and other foreclosure alternatives, all of which can be aided with the REST Report available at

The REST Report is a third party analytics tool offered by that can help property owners to avail of the mortgage modifications that are available to them. According to John Gittelsohn at Bloomberg Businessweek,

“The number of properties for sale has shrunk to the lowest level in a decade, easing concerns about a new wave of foreclosures.”

And, while there are many reasons that the foreclosure statistics dropped within the last year, part of that reason is that more homeowners are getting their mortgages modified by lending institutions instead of getting foreclosed. Thousands of these approvals of modifications and loan workout programs such as the HAMP and HARP programs have been obtained thanks to the REST system at Brandon Moore, chief executive officer of RealtyTrac, said in a recent article on CNNMoney,

"Programs like HAMP and HARP have definitely made a dent in the foreclosure problem,"

Madeline Schnapp of Foreclosure Truth surmises that the increase in foreclosure cancellations is “more likely due to short sales or successful loan modifications” rather than filing errors or statutory time frames.

For many property owners, the REST Report has played a big part in the success of those loan modifications. Martin Andelman of IEHI, Inc. says, "We’ve run over 4,000 REST Reports and their effectiveness is unquestionable" provides support for REST Report licensees that are compliant with the Federal Trade Commission’s rulings on Mortgage Assistance Relief Services (MARS). REST Report licensees are provided with video tutorials, live help desk support, pre-submission package reviews and other tips and techniques to make sure that they are fully equipped with how the REST Report is utilized.

The site is also continuously updated to keep licensees up to date on any new changes in the modification programs available, taking into account, for example, the recent changes to the HAMP programs. In turn, the licensees are able to provide timely assistance to homeowners or consumers to fulfill their needs and help them find solutions to their loan problems.

The calculations used take all the information into account and then determine what the best course of action is and what new loan terms, if any, are currently available and would be most beneficial to the homeowner and the most profitable for the loan investor. In many cases, the bank or investor holding the loan would gain more by modifying the terms of the loan rather than settling on foreclosure.

However, there are cases when the REST Report will show that the only option would be to foreclose. But, if the problem is detected early on, it can allow homeowners to make changes and possibly avoid the impending foreclosure. Since the REST Report gives a detailed and up to date analysis of the loan situation, it allows institutions to advise their clients as to what they can do to better their situations.

The Report takes all the guesswork out of applying for better loan terms and does not leave homeowners in the dark as to why their request was denied. If there is a problem, the report will show that problem, and this will give homeowners a chance to find a solution before they actually submit their application to the bank or loan institution.

Because of the unprecedented amount of information provided to the homeowners and the great success rate for institutions that use the system correctly, foreclosure is now being avoided by thousands and many more that are facing repossession or foreclosure are discovering how useful this tool can be.

Businesses that would like to use REST products can apply to become authorized REST Report licensees by filling out a form on

For more information, please visit or for a full review of all products and services offered.

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Patrick Miller
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