Stop the Federal Trade Commission before they do something stupid

I have written twice already about the incredibly ill-advised notion of the Federal Trade Commission (FTC) to consider the elimination of ‘Up-front fees’ of mortgage modification firms. If there is a question in any reader’s mind as to why this is a candidate for ‘Worst Idea of the Century,’ I invite them to understand the attorney-client relationship in our Constitution.

In fact, Martin Andelman met with and had significant influence on the Federal Trade Commission in their adoption of the MARS Rule. The MARS Rule allows attorneys to collect up-front fees as they do the mortgage modification negotiations. Fair enough. It’s what attorneys do. They’re already regulated by their state’s bar association.

Non-attorney mortgage modification firms are not allowed to collect up-front fees. Attorneys must deposit funds in a trust account that must stay there until a satisfactory loan modification is acheived.

Simply, the mortgage servicer’s have learned that they can avoid good faith negotiations with any third party mortgage modification negotiation entity. Adept attorneys have left the loan modification business in droves. Mortgage servicers even avoid HUD counselors skillfully. Loan modification is now a do it yourself loan modification. Any loan modification software that uses the HAMP calculators trumps all other methods. Calculating Net Present Value using the bank’s own software is the solution.

Mortgage modification is a do it yourself project for the foreseeable future.

The two secrets to getting a 31% mortgage modification are: first, to get the REST Report that uses the bank’s own software to calculate the loan modification. There’s no place for the mortgage servicer to escape. Second, submit the file so that a bank officer must personally accept responsibility for your file. This ensures that the mortgage servicer is not entitled to any fees until they evaluate the file in good faith. That means they don’t get paid until they do something. You can be assured your file will get top priority and nothing will get lost. I’ve been assisting sistressed homeowners for three years in the entire process.

Click to read more about your Do-it-Yourself Mortgage Modification REST Report

For those readers that prefer YouTube videos, try this:
Give your lender a Mortgage Modification or Short Sale Offer They Can’t Refuse

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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. loan modification and short sale are beneficial foreclosure alternatives that benefit both homeowner and mortgage investor and make the mortgage servicer do the loan modification process in good faith. They must comply with the mortgage relief act in the mortgage loss mitigation process. I have offered loan modification services for three years. Our loan modification success is 4000 successes out of 4000 submissions. I’ll be happy to send a loan modification example in the form of a sample REST Report. I also have a proven loan modification hardship letter developed over three years of practice.

This YouTube video says it all. Go here: Do it yourself loan modification Please ‘Like’ the video, will you? That makes it easier for others to find.

Read it here here

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