LoanSafeMods.com Offers Assistance For Property Owners Seeking Mortgage Modifications
SAN DIEGO, March 13, 2013 /PRNewswire-iReach/ -- LoanSafeMods.com aims to assist homeowners with deciding on the best course of action to take when seeking foreclosure alternatives. Using the REST Report (Real Estate Services And Technology Report) LoanSafeMods can help homeowners to quickly make the right decisions when it comes to mortgage modification applications.
The REST is a third party analytics tool that is trusted by homeowners and lenders alike, as it gives a clear, concise and accurate picture of where the loan stands and what modification programs the homeowner may or may not qualify for. This analysis can be completed in as little as 48 hours, after which the homeowner can decide how to proceed with trying to apply for a modification or other foreclosure alternative.
This quick Report helps to solve a number of problems that homeowners face when applying for modifications. First of all, instead of having to sit back and wait for up to 12 months to see whether or not the lending institution will look favorably on the information that they have submitted, including their paycheck stubs, their tax reports, their hardship letter and any other documents needed to show their financial situation, homeowners will be able to get answers in a matter of days.
While the REST Report does not guarantee that the application will be approved, it does show solid evidence of what the homeowner should qualify for. This analysis provides detailed information on how a modification would be beneficial to all parties involved, and if need be, it can even be used as proof in a court of law.
In the past, it was impossible for the applicants to challenge the decision of the lender. In many cases they would have no clue as to why their application was rejected at all. However, now the REST can be used to analyze a previously rejected application and show exactly why it was rejected if there were any errors, or it could even show that it really shouldn't have been denied.
Many people don't realize that the bank actually profits more by foreclosing than modifying a loan, and it is the investor that would actually benefit more from modifying a loan. With the REST Report, homeowners can show how it would be a better idea to modify than to foreclose.
Sending in a mortgage modification request with this document attached can also help to shorten the processing time. Although it will depend on the lending institute which holds the loan, an application with a REST Report attached will carry more weight than an application without one. In many cases this can speed up approval and the homeowner can get their modification in only a few months.
By providing the REST Report and other analytical and informational tools on their website, LoanSafeMods.com can help to make the mortgage modification process easier, less complicated and a lot less stressful for homeowners. In short, the REST report has revolutionized the mortgage industry and has helped thousands of homeowners to get the mortgage modifications that they deserve. For more information, click here.
Patrick Miller LoanSafeMods.com, 1-800-519-1887, firstname.lastname@example.org
News distributed by PR Newswire iReach: https://ireach.prnewswire.com