San Diego, CA (PRWEB) March 15, 2013
The REST Report is a third celebration analytics tool provided by RESTReport.com that can assist 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, even though there are a lot of factors that the foreclosure statistics dropped inside the last year, part of that reason is that much more property owners are receiving their mortgages modified by lending institutions as an alternative of obtaining foreclosed. Thousands of these approvals of modifications and loan workout applications such as the HAMP and HARP applications have been obtained thanks to the REST technique at RESTReport.com. Brandon Moore, chief executive officer of RealtyTrac, said in a recent post on CNNMoney,

“Applications like HAMP and HARP have absolutely produced a dent in the foreclosure difficulty,”

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

For many property owners, the REST Report has played a huge element in the good results of these loan modifications. Martin Andelman of IEHI, Inc. says, “Weve run over four,000 REST Reports and their effectiveness is unquestionable”

RESTReport.com provides help for REST Report licensees that are compliant with the Federal Trade Commissions rulings on Mortgage Help Relief Services (MARS). REST Report licensees are offered with video tutorials, live assist desk assistance, pre-submission package critiques and other tips and methods to make certain 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 alterations in the modification programs accessible, taking into account, for example, the recent alterations to the HAMP programs. In turn, the licensees are in a position to supply timely assistance to property owners or customers to fulfill their wants and aid them uncover options to their loan problems.

The calculations utilized take all the details into account and then determine what the best course of action is and what new loan terms, if any, are at the moment accessible and would be most beneficial to the homeowner and the most lucrative for the loan investor. In a lot of instances, the bank or investor holding the loan would acquire much more by modifying the terms of the loan rather than settling on foreclosure.

Nevertheless, there are cases when the REST Report will show that the only alternative would be to foreclose. But, if the difficulty is detected early on, it can allow homeowners to make changes and possibly keep away from the impending foreclosure. Given that the REST Report provides a detailed and up to date analysis of the loan circumstance, it enables institutions to advise their customers as to what they can do to better their circumstances.

The Report requires all the guesswork out of applying for greater loan terms and does not leave home owners in the dark as to why their request was denied. If there is a issue, the report will show that issue, and this will give home owners a chance to find a remedy prior to they really submit their application to the bank or loan institution.

Simply because of the unprecedented quantity of details provided to the homeowners and the fantastic success rate for institutions that use the program appropriately, foreclosure is now becoming avoided by thousands and numerous far more that are facing repossession or foreclosure are discovering how valuable this tool can be.

Firms that would like to use REST items can apply to grow to be authorized REST Report licensees by filling out a kind on RESTReport.com.

For more data, please go to RESTReport.com or LoanSafeMods.com for a full overview of all goods and services supplied.