Offering bogus trial modifications is an invitation to the distressed homeowner to fail.
There were several articles posted this past weekend dealing with the possible reasons so many modifications are defaulting. None of them accurately pinpoints the reality. The article in ‘Daily Finance’ makes erroneous assumptions from the very start.
The requirement of a trial modification is an invention of HAMP, or Home Affordable Mortgage Plan. This was capitalized on by the mortgage servicers as a stalling strategy to avoid permanent mortgage modifications. Many authors and reporters fall for this ruse.
Purchasing the REST Report and submitting it through the USPS assures a mortgage modification consideration without an excuse of “You never sent it.”
Mortgage servicers have no incentive to modify a mortgage. It is always in their best interest to foreclose. So, just like in school, if you don’t like the assignment, lose the homework. Find a dog that eats algebra assignments.
The published unemployment rate is 10%. It is assured that the number of under-employed is significantly higher. To assume that 10% unemployment is the reason for those defaults defies any reasonable use of a calculator.
To assume that distressed homeowners haven’t heard of the ‘short sale’ technique to escape a distressed mortgage is absurd.
The REST Report takes all guesswork out of assessing a mortgage modification or short sale. The unbiased calculations lay out the most beneficial recourse for all: distressed homeowner and mortgage investor alike.
The answer is to get all the pertinent information in one place and pursue a trusted path. It has been well-chronicled that the individual homeowner can’t do it by themself. And even if they could, the lenders wouldn’t listen anyway. But the courts are listening to the REST Report.
I am a proud vendor of the REST Report. I also have the best Hardship letter template anywhere. Call me.
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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.
Read Daily Finance here
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Originally posted 2009-12-08 00:28:33. Republished by Blog Post Promoter
