LoanSafeMods.com: REST Report May Help Homeowners Maximize Their Success When Trying To Apply For HAMP Mods Before The Program's Cut Off Date This Year
SAN DIEGO, April 5, 2013 /PRNewswire-iReach/ -- LoanSafeMods.com may be able to help those who are struggling with their mortgage modifications to get approved for the HAMP program before the cut off date later this year. Thousands of people have been aided in their mortgage modification applications by the REST Report, a third party analytics tool that is trusted both by homeowners and lenders alike. This report can often help to speed up the processing times for modification requests, even for applications that have previously been stalled or delayed for quite some time.
The HAMP (Home Affordable Modification Program) is one of the more popular loan modification programs because modifications within the program will often grant the homeowner a reduction in their loan principle as well as lowered monthly payments. Originally set to expire on December 31st 2012, the HAMP has been extended one year and is now set to expire on December 31st 2013.
This extension gives those who have not yet had a chance to apply for the HAMP or who have had their HAMP modification request delayed, to submit their application with a REST analysis attached. Loan modification requests that are sent in with this analysis included are often approved much quicker and in some cases including the analysis when resubmitting a request can help to finally get a long delayed application approved.
Ron, an EMT and single father living in San Diego, is a good example of this. After many years of struggling to apply for the Make Home Affordable Program on his own, he was on the verge of giving up. He says of his predicament, "Every time I would jump through one hoop, they would toss up two more."
Again and again Ron was asked to resubmit papers that he had already submitted because his bank had misplaced or lost his important documents. Alan White, a professor who teaches consumer law at the City University of New York, said in a recent article on Bloomberg, "While processing delays have given borrowers time to negotiate loan workouts, large lenders often lose documents and ask borrowers to resubmit them repeatedly."
This was frustrating and very stressful for Ron and his two children. Ron says in a recent video review on LoanSafeMods.com, "What scared me the most about everything was, everyday, not knowing if someone was going to come knocking at my door telling me to get my stuff out. It was just me and my kids. We had no where else to go."
Finally Ron found the REST Report through LoanSafeMods.com. After seeing that he qualified for the HAMP modification on the Report, he resubmitted his request with the REST analysis included, and within a matter of months he was approved for the mortgage modification that reduced his principle by more than $350,000 and cut his monthly payments by nearly fifty percent.
Ron's story is by no means unqiue. Thousands of homeowners have been able to avail of quick and easy loan modificaiton approvals by utilizing the REST system. For more information on how the REST Report works, click here.
Media Contact:
Patrick Miller LoanSafeMods.com, 1-800-519-1887, [email protected]
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SOURCE LoanSafeMods.com
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