SAN DIEGO, Jan. 30, 2013 /PRNewswire-iReach/ -- Loansafemods.com provides a way for homeowners to assess their mortgage loan options with the REST Report. This Real Estate Services And Technology Report is used by institutions and loss mitigation specialists to increase the efficiency and ease with which they can assess clients' loans. However, it can also be a great tool for home owners to determine what their options are when they are faced with impending foreclosure.
There are a number of foreclosure resolutions that are available, such as tier 1 and 2 HAMP modifications and other non-HAMP options. However, in order to avail of these, homeowners would have to go through a long evaluation process, sometimes waiting up to 12 months to find out if they are approved or not.
This can cause a lot of undue stress and needless worry. With the REST Report, homeowners can find out what options they qualify for in as little as 2 to 3 days. While this does not guarantee that the application to the bank or loan provider will be approved, it does show undeniable proof of what they should be qualifying for.
The report can help homeowners to decide whether they should go ahead and apply for the loan resolution option, or if they are better off choosing another option such as a Short Sale. Or, if there are problems detected early on, it can help homeowners to make changes that would avoid an actual foreclosure.
In either case, it can give the homeowners greater peace of mind, and in the case that the report comes back with less than positive results, at least it will have saved the homeowner months of uncertainty only to have the application denied in the end.
Along with the REST Report, another product that LoanSafeMods.com provides is a free income and property analysis. They also provide a free DIY Kit that takes homeowners through each step of submitting the application to the investor or loan holder.
These tools can take all the guesswork out of trying to utilize a loan workout program to settle a debt. They provide all the information that the homeowner needs to make the most informed decision regarding their real estate loan and can help them to get the approvals that they need in order to avoid foreclosure.
Within just a few short days, homeowners can get a detailed report that will inform them of the exact state of their loan based on their property valuation and income analysis, what modifications that they can apply for, if any, and how to best proceed either with applying for a loan workout program or choosing a different option if this is not a viable choice.
Clearly there are many people who could benefit from such an impartial analytics tool, as there are thousands of homeowners that are currently faced with foreclosure unless they can find loan workout solutions. For more information on the REST Report, the free income and property analysis, and the DIY Kit, please visit LoansSafeMods.com for a full review of the loan products offered.
Media Contact: Patrick Miller LoanSafeMods.com, 1-800-519-1887, firstname.lastname@example.org
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