Do-it-Yourself Mortgage Modification

Many people enjoy YouTube videos more than text. So, try this: REST Report mortgage loan modifications
I hope you 'LIKE' it!

The REST Report uses the mortgage lender software platform to calculate an unbiased Net Present Value, which is what your mortgage investor (not your mortgage servicer) uses to calculate the best remedy for your distressed mortgage. You must understand the difference between mortgage servicer and mortgage investor. Your mortgage investor benefits from mortgage modification or a short sale. Your mortgage servicer knows it is more profitable to foreclose rather than grant a mortgage modification or short sale. They have no skin in the game. They only get paid to foreclose. That's why they sandbag you.

When you submit the REST Report with your mortgage modification or short sale application the way I show you, it becomes a legal document submitted to your mortgage investor. Your treacherous mortgage servicer is taken completely out of the negotiations. No more losing your file, lying to you, or foreclosing on you behind your back. You will qualify for either a mortgage modification or a short sale, period.

The REST Report gives clear and unbiased mortgage modification figures. Since the REST Report uses your bank's software, your mortgage servicer has no recourse. Your mortgage servicer will not be allowed to sandbag you with a non-beneficial mortgage modification or forebearance, short sale or foreclosure.

There are other HAMP calculators in the internet, including the HAMP website itself. These calculators do not hold up in court, however; and the disclaimers allude to that. Only the REST calculators have a sterling reputation for being upheld in court, and your mortgage servicer knows that very well.

I am a proud vendor of the REST Report. We have Zero failures out of 4000 Reports so far - obvious spectacular results. The REST Report has prevailed every one of the five times it was challenged in court.

I also have the best Hardship letter template available anywhere. This template is proven to get and keep the attention of the most cold-blooded mortgage underwriter to ever hatch. Between the REST Report and my Hardship letter template, you are the best prepared negotiating homeowner anywhere.

The Situation:

As of the last summer of 2010, the banks figured out that no one in the White House or Congress is going to hold them accountable for negotiating in good faith for a mortgage modification or short sale. The fifty state's Attorneys General have proven incapable of resolving the 'Foreclosuregate' scandal from last November. There will be no foreclosure reversals.

That leaves the District Court system the only place to turn to get a beneficial mortgage modification. We have learned that there are almost no mortgages that need attorney assistance if you own the REST Report. Therefore, do it yourself. Even if for some reason you need attorney assistance, the REST Report does all the work for them.

The Federal Trade Commission has effectively eliminated any 'up-front fees' for a third party mortgage modification negotiation. The MARS rule , or Title 16 – Code of Federal Regulations, Part 322, for 'Mortgage Assistance Relief Services'; stipulates that any advance fees be placed in a trust account, to be paid only when and if a mortgage modification acceptable to the client is negotiated. Given the practice of the nation's lenders to sandbag all mortgage modification negotiations, probably no professional firm can meet that requirement and stay in business. There is no advantage to paying a third party to negotiate what you can do yourself.

The mortgage servicer however, is not entitled to collect mortgage payments or late fees until a legal mortgage modification has been negotiated in good faith. That's what I'll show you.

The District Court foreclosure judges have made it clear they are eager to hold the nation's lenders accountable for good faith mortgage modification or short sale negotiations. It is illegal to foreclose while you are engaged in mortgage negotiations and can prove it. All you have to do is give the court unbiased calculation of Net Present Value as evidence to force your mortgage servicer to negotiate in good faith. The difference between judicial and non-judicial foreclosure states is actually miniscule. The process just reverses two steps.

Bank call centers, because they can't be held accountable by the courts, routinely lie about your options. You do not need to miss payments to be eligible for a mortgage modification. You will not fail any requirements. other than unemployment. Simple reduction of steady income is the only requirement. Do not believe a single statement made by anyone on the phone from your mortgage servicer. Try this: ask them who signs their paycheck. Odds are it isn't even the bank you're calling. You are faxing your documents straight to their shredder. Understand that you will never talk to a decision maker at your bank.

The typical disclaimer: Of course you must understand that every mortgage situation is unique. We don't verify the figures you enter into the REST Report. That is up to you. Past calculations have no guarantee of future calculations. But it does assure you a good faith negotiation by your mortgage servicer, rather than relying on your mortgage servicer's hidden calculations and treachery designed for their preferred outcome.

A Little Background:

I have been writing this blog, Mortgage-Mod-Monster.com, since July of 2009. Until this past June, I had referred distressed mortgage owners to any one of three professional mortgage modification, attorney-driven firms. That all changed this past June because of the first paragraph above.

There are two separate departments at your mortgage servicer that deal with distressed mortgages. The Loss Mitigation Dept. and Foreclosure Dept. at your servicer are not required to communicate with each other. They've been known to foreclose on houses they don't even own. Your mortgage servicer doesn't get paid to modify your mortgage. They get paid to foreclose. Your mortgage investor only benefits from mortgage modification or short sale. Let the REST Report get qualified Net Present Value calculations in the hands of your investor, and you'll get a mortgage modification or short sale with no mortgage deficiency.

This, however, is not true of the District courts.

If your servicer sandbags you, a bonded bank officer will be subpoened to defend their foreclosure actions to a judge. The REST Report provides the same calculations that your servicer has calculated. The foreclosure courts recognize the REST Report as an unbiased calculation of Net Present Value, or NPV, as the primary indication of the most efficient solution to a distressed mortgage, precisely because it uses the same software the lenders use.

Your mortgage servicer is counting on you to get discouraged and give up. In the US, the mortgage servicers don't get prosecuted for carelessness or treachery. They do however, get their knuckles rapped for malfeasance. That's why there is a well-worn path from their fax machine to their shredder. One video on my blog shows admission of these facts by mortgage servicers.

FYI:

Suing Your Lender for Broken Chain of Title is proving to be a spectacular court strategy across the country in getting the mortgage servicer to lower the principal of the mortgage loan to Fair Market Value (FMV). It is a direct result of the Foreclosuregate/Robosigner scandal in the mortgage servicer industry from last November. If your lender can't produce the original title to your property, they have no legal right to foreclose on you. You win big time. Click the link above for more information.

Foreclose on Me? - I Don't Think So!

Key Mortgage points:

The REST Report uses the mortgage servicer's own software to calculate a mortgage modification or short sale opportunity. Your mortgage servicer has nowhere to runfrom arguingwith themselves.

I'll show you how to submit your application as a legal document; a court summons, if you will. This ensures that a bonded bank officer will be subpoeaned to court to defend their lack of social conscience and good faith. Faced with Contempt of Court, that just isn't going to happen. No faxes, FedEx or UPS.

I'll show you how to make certain your mortgage servicer is not foreclosing on you behind your back.

It is not necessary to be behind on mortgage payments to show 'imminent default,' regardless of what the nincompoop on the other end of the phone told you. Since they very probably do not work for your bank, they are not accountable for any misleading advice they give you.

If you've dealt with a HUD counselor you know they only advise you on how to deal with your servicer. Their phone calls to your servicer have no more impact than yours do. They don't have a legal NPV calculation any more than you do. If you want a shoulder to cry on, call a HUD counselor. If you want ammunition, get the REST Report.

Net Present Value calculations are proprietary information. When you submit the REST Report, it becomes part of your legal application. The Rest Report allows you to see their poker hand. Being armed with the REST Report enables you, the distressed mortgage holder, to negotiate on the same level of information and position of strength that the bank underwriters have. You beat your mortgage servicer with their stick.

This from the owner of the REST software:

"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. Secondly, it doesn’t happen when someone snaps their fingers. Law firms report that it takes at least 3-4 man-hours to run a report and review it thoroughly with a borrower, and that time costs the firms money, in addition to the dollars spent marketing and training a staff knowledgeable enough to run REST Reports and advise homeowners on how they can be sued in various situations."

ANYTHING BUT FORECLOSURE!

Get it through your head that any phone conversation with your mortgage servicer is an exercise in futility. If you have any shred of hope or trust in your lender, you won't be able to justify the cost of the REST Report. Call me when you have lost all trust in good faith from your lender and I'll show you the way.

Understand very clearly that I advocate negotiating with a bona fide, bonded bank officer. You do that through the mail, not the telephone. I'll show you how to hold them legally accountable for good faith negotiations, prevent foreclosure, and not let them sandbag you as they do to everyone else.

Please complete and submit my form. We'll get started today.

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You will notice that the REST Report does not ask, nor will I ask, for birthdates or Social Security numbers. The process is totally secure. I do not sell or rent your information to any other party.

Foreclosure Timer

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