Mortgage-Mod-Monster.com Do-It-Yourself and Win
The Efficiency and Success of the Do-It-Yourself Mortgage Modification or Short Sale Currently, there is no financial reason to pay a third party to negotiate a mortgage modification. The banks have learned that they are not required to negotiate in a timely manner. Since the Loss Mitigation Dept. and the Foreclosure Dept. at your lender are not held accountable for communicating with each other, it is up to you, the distressed homeowner to use the court to do it. Lender/servicers may not foreclose while engaged in mortgage modification negotiations. The court will see to that. This means two things for someone who wants to modify their mortgage and keep their home; or failing that, short sale their property and not foreclose or pursue bankruptcy. One: Have accurate, unbiased calculations including Net Present Value (NPV) that show your lender you have the same calculations they have; and two: Be able to prove that the Loss Mitigation Dept. received all supporting documents in your application. (This means no faxes.) The REST Report is proving itself as an indispensable tool in a court foreclosure defense for requirement number one. "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.It is the same software platform used by the banks to evaluate the best resolution to a troubled asset.”
Read more about your Do-it-Yourself Mortgage Modification REST Report
Regarding requirement number two; all documents need to be mailed USPS certified mail, return receipt requested. This will ensure that your bank can't claim you didn't submit a complete file and the court will hold your lender accountable. No faxes! To date, approximately 1500 REST Reports have been run, to varying results. Every mortgage and hardship is unique. But we are getting astounding anecdotes that recount court receptivity to the calculations and authority. If you want to keep your home, or have an investor buy your property and negotiate the best short sale for your situation, this is the one single investment you need to reconcile your situation.
ANYTHING BUT FORECLOSURE!
I am a proud vendor of the REST Report. Call me: 970-242-2600 Read more about your Do-it-Yourself Mortgage Modification REST Report Email at: info ‘at’ Mortgage-Mod-Monster ‘dot’ com Please surf: http://www.mortgage-mod-monster.com/
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Published on Oct 13, 2010
Currently, there is no financial reason to pay a third party to negotiate a mortgage modification. The banks have learned that they are not...