DIY Loan Modification
Do It Yourself Loan Modification
If you enjoy YouTube videos, click this: Do it yourself loan modification I hope you ‘LIKE’ it so that others can find it easily.
Currently, there is no advantage to paying a third party negotiator for your loan modification. There’s nothing a third party negotiator can do that you can’t do for yourself. In one notable case, a third party triggered an illegal foreclosure.
The REST Report is an unbiased report of the financials behind your house, mortgage, debt, and income. It uses the bank’s own software to calculate an unbiased Net Present Value used by your mortgage investor to reveal the best solution to your distressed mortgage. Your mortgage servicer only benefits by foreclosure. That’s why they sandbag you to distraction. Your mortgage investor benefits by mortgage modification or short sale.
The REST Report guarantees you good faith negotiations by your mortgage investor, rather than relying on your mortgage servicer’s subterfuge in losing your documents or in some other way, lying to you. Additionally, I’ll show you how to submit the REST Report as part of a mortgage modification or short sale application, it becomes part of a legal document. like a court summons or subpoena. All mortgage servicer treachery is eliminated.
To date we have calculated 4000 REST Reports. Zero failures. Every single REST Report submitted to the foreclosure courts or mortgage servicers has prevailed. To be sure, five REST Reports have been challenged in court. All five were supported by the judge.
It is not necessary to be behind on mortgage payments to show ‘imminent default,’ regardless of what the nincompoop on the other end of the phone told you. You are talking to a call center that has no legal accountability. Even if you record the conversations, they will not stand up in court. I’ve watched this subterfuge for almost three years. Ask them who signs their paychecks. Chances are it’s not even your bank.
Only you can guarantee the financial input information. Your supporting documents will corroborate your eligibility. No one can predict whether a given distressed mortgage might need legal counsel because of extenuating circumstances. But it certainly is too early for an attorney today. 99% of distressed mortgages deserve loan modification or short sale. Yours will definitely be less expensive when you have done most of your research for them.
I am a proud vendor of the REST Report – because it works. I pride myself in also having the proven best Hardship letter template. It has demonstrated over the last two years to get maximum attention from the actual underwriter that evaluates your application (The one you’ll never talk to). There is nothing better available anywhere.
A Little Background:
I have been writing this blog, Mortgage-Mod-Monster.com, since July of 2009. Until June of 2010, I had referred distressed mortgage owners to any one of three professional, attorney-driven mortgage modification firms. That all changed June of 2010. The banks learned that they weren’t accountable for good faith mortgage modification negotiations – to anyone. My attorneys were using their own software to calculate mortgage modification eligibility and they didn’t stand up in court.
The Federal Trade Commission has effectively eliminated any ‘up-front fees’ for a third party mortgage modification negotiation. The MARS rule , or Title 16 – Code of Federal Regulations, Part 322, for ‘Mortgage Assistance Relief Services’; stipulates that any advance fees be placed in a trust account, only to be paid when and if a mortgage modification acceptable to the client is negotiated. Given the practice of the nation’s mortgage servicers to sandbag all mortgage modification negotiations, almost no professional firm can meet that requirement and stay in business. There is no advantage to paying a third party to negotiate what you can do yourself.
Why the courts succeed when all else fails
If you have a shred of faith in your mortgage servicer, you won’t want to pay for the REST Report. Call or email me when you have absolutely had enough of the treachery of your mortgage servicer and the ineffectiveness of your HUD counselor. I’ll wait.
The District courts recognize an unbiased calculation of Net Present Value, or NPV, in the REST Report. The REST Report uses the same software platform your lender uses to calculate that NPV. Basically, NPV is the calculation of profit between mortgage modification or short sale for a non-performing asset, or distressed mortgage. A mortgage modification or short sale is always better for the mortgage investor than forclosure. The REST demonstrates that.
Your mortgage servicer profits from foreclosure. They have no social conscience. They answer to shareholders, not you.
The issue of ‘up-front fees’ and any other ‘mortgage modification scam’ issue that you may have read about in the past year is moot. The Federal Trade Commission MARS Rule makes it inconsequential. It is futile and a waste of your money to pay someone to negotiate your mortgage modification for you. Third party negotiation firms can’t accomplish anything for your situation that you can’t do for yourself. When filed legally, your servicer will recognize that there is no profit in sandbagging you anymore and you’ll be amazed at how quickly they expedite your application!
No one has extra money sitting around for the REST Report. Understand that the instant your mortgage servicer receives your legal application, they are not entitled to collect any late fees or attorney fees. Any missed mortgage payments go on the end of your loan. Understanding that, distressed homeowners figure out where they might have the fees for the REST Report.
FYI:
There are other HAMP calculators in the internet, including the HAMP website itself. These calculators do not hold up in court however; and the disclaimers allude to that. They are no more than a parlor game. Only the REST software has a sterling reputation for being upheld in court, and your mortgage servicer knows that.
Suing Your Lender for Chain of Title is proving to be a spectacular court strategy across the country in getting the mortgage servicer to lower the principal of the mortgage loan to Fair Market Value (FMV). It is a direct result of the Foreclosuregate/Robosigner scandal in the mortgage servicer industry from November of 2010. If your lender can’t produce the original title to your property, they have no legal right to foreclose on you. You win big time. It is a rich man’s game, however. Click the ‘Corrupt Title’ tab for more information.
I’ll show you how to avoid your lender foreclosing on you behind your back.
If you’ve dealt with a HUD counselor you know they only advise you on how to deal with your lender/servicer. Their phone calls to your lender/servicer have no more impact than yours do. Nice to have a friend, but as for legal counsel, they have none.
Mortgage servicers will never reveal their Net Present Value calculations to you. It is proprietary information. They will calculate your mortgage modification or a short sale to benefit them – even as it dooms your mortgage modification to failure. You’ve been playing poker with your mortgage servicer. They see your hand, you don’t see theirs. The REST Report allows you to see their hand as they see yours. You beat your lender with their own stick.
This from the owner of the REST software:
“The REST platform is part of a multi-million dollar software platform, it’s not generated using something off the shelf, like Microsoft Excel. It’s a “loan disposition analysis” system that knows the thousands of variables needed to make the sophisticated calculations required to generate an accurate report that can withstand any level of scrutiny. Secondly, it doesn’t happen when someone snaps their fingers. Our vendors report that it takes at least 3-4 man-hours to run a report and review it thoroughly with a borrower.”
You will notice that the REST Report does not ask, nor will I ask, for birthdates or Social Security numbers. The process is totally secure. I do not sell or rent your information to any other party.
How may I help?
Powered by Fast Secure Contact Form
The internet being what it is, certain search terms need to be empahasized so that you can find the best information. The REST Report is best classified as loan modification software, or mortgage modification software. It’s claim to fame is that you use it to calculate Net Present Value exactly the way the banks do, using the same software. It is best used as a do it yourself loan modification or do it yourself mortgage modification. For some reason, loan modification 2010 and mortgage relief 2010 are popular search terms.
This YouTube video says it all. Go here: How to Get A Beneficial Mortgage Modification Now Please ‘Like’ the video, will you? That makes it easier for others to find.
How may I help?
Powered by Fast Secure Contact Form
I read every comment. Please use the Comment box below and tell me what you think.
tagged as: do it yourself mortgage modification,do it yourself loan modification,loan modification software,mortgage modification software,foreclosure alternatives,loan modification hardship letter,calculate net present value, mortgage relief act, rest report,mortgage loss mitigation, loan modification 2010, mortgage relief 2010, foreclosure alternatives, loan modification process,loan modification services,
