SAN DIEGO, March 6, 2013 /PRNewswire-iReach/ -- These days thousands of homeowners are desperately trying to save their homes from foreclosure with the help of loan modification programs. Unfortunately most of these people are using a highly ineffective approach: submitting the application and waiting for a response from the bank. It is not well known that banks benefit more from foreclosures than mortgage modifications. Moreover getting an application approved without the use of any third-party analytical tool is very difficult and time-consuming. This is where the REST (Real Estate Services And Technology) Report comes in. This report is a true blessing for homeowners thinking about applying for foreclosure assistance. By visiting LoanSafeMods.com a property owner can learn more about the report and the loan modification process.
The REST system makes use of state-of-the-art technology to predict the outcome of a modification application and provide practical tips to the homeowner. The homeowner doesn't need to wait 8 to 12 months to find out what he or she qualifies for. That's because the report can be generated in as little as 48 hours. While checking an application this system uses the rules and regulations that actual banks and lending companies follow. Information given in the report is accurate and current with the most recent loan modification programs available to homeowners. The fact that many attorneys and lenders are using the report to quickly analyze the applications of their clients speaks for itself. Moreover, the report can be used to prove that modification is more beneficial than foreclosure. It is valuable for people who want to stop or postpone foreclosure.
There are many modification programs out there that may confuse a homeowner. According to experts, the Home Affordable Modification Program, also known as HAMP, is the best option. This program is not only backed by lending experts from all over America but it also receives a lot of media attention. HAMP is not the only solution though so it is a good idea for homeowners to keep their options open. The REST report analyzes a wide range of loan solutions and types including Hamp Tier 1, Hamp Tier 2, JUMBO loans and short sale solutions.
Another great advantage of the REST report is that it can minimize the processing time of an application. As opposed to a normal modification request, one that has the REST report attached to it carries a lot more weight. However, the exact processing time varies from case to case and lender to lender. The report also acts as undeniable proof that the numbers make sense for all the involved parties. It can even be used as a legal document at court level.
By visiting LoanSafeMods.com property owners can get all the important information regarding REST and get access to a number of useful tools. The company holds a great reputation in the industry and is helping homeowners to save their homes from foreclosure. Click here for more info.
Patrick Miller LoanSafeMods.com, +18005191887, email@example.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com