Distressed homeowners, scared stiff from the numerous tales of mortgage modification fraud and not knowing who to trust; hear and read advice to not pay up-front for a loan modification. Confusion arises however, because no one defines what ‘up-front fees’ really means.
Currently, there is no advantage to paying any third party to negotiate a mortgage modification or short sale. The banks have gotten so good at sandbagging every good faith negotiation attempt that no third party can do any better than you can do yourself. The issue of ‘up-front fees’ is moot. The Federal Trade Commission in issuing it’s MARS Rule has essentially made it impossible for any third party to make a profit by negotiating mortgage modifications.
If at any future time you feel the need for legal counsel, you would know that attorneys require retainer fees, unless they are ‘ambulance chasers.’ You will find that an accomplished real estate attorney would immediately recognize the REST Report as a crucial foreclosure defense tool.
The REST Report does all the mortgage modification qualifying for you. It is recognized as THE unbiased tool to indicate to a judge what is the most equitable solution to a distressed mortgage and to hold your mortgage servicer to good faith negotiations. Basically, no illegal foreclosure.
The REST Report is proprietary software used by the banks to calculate their own Net Present Value, or NPV, to qualify the homeowner. This recent development in ethical and professional mortgage modifications has received very little press. But the process exists. You don’t suppose the banks are anxious to let this out, do you?
Here’s the inside story: The U. S. Dept. of Treasury admitted several months ago that it was incapable of adequately enforcing the Home Affordable Mortgage Program guidelines (HAMP) or any of the other homeowner protection acts passed by the U. S. Congress, to solve the current mortgage crisis. The resolution of the current Foreclosuregate scandal is being left to the 50 state’s Attorney’s General. Foreclosures after all are a state matter.
It is becoming apparent to those of us involved in providing the REST Report that the state’s courts are going to adjudicate the most prepared and accurate foreclosure defenses first. That is exactly what the REST Report provides.
I am a proud vendor of the REST Report. I also have the best Hardship letter template anywhere.
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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: target="_blank">How to Get A Beneficial Loan Modification Now Please ‘Like’ the video, will you? That makes it easier for others to find.
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Originally posted 2009-12-17 23:23:13. Republished by Blog Post Promoter
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Mortgage Modification: "Whaddaya mean, ‘Up-front fee?" – http://t.co/8OW9JW5