Tag Archives: Determine

Florida Bankruptcy Attorney Publishing Write-up on Making use of REST Report to Determine Federal Loan Modification Eligibility in Paraclete

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(PRWEB) March 02, 2012

The managing companion of the bankruptcy law firm of Cox &amp Sanchez, Thomas F. Cox, has had an write-up accepted for publication by the St. Petersburg Bar Association publication, “Paraclete-The Magazine for the Legal Profession.” The report entitled, “The REST (Real Estate Services and Technologies) REPORT – Strong New Computer software that Eliminates the Uncertainty in Mortgage Modifications,” will run in the March 2012 edition of this venerable magazine.

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In his write-up, St. Petersburg bankruptcy lawyer Thomas Cox explains that statistics show at least half of Florida home owners are “underwater” on their mortgages. Desperate home owners method bankruptcy lawyers every single day, seeking approaches to modify their mortgages.

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Mr. Cox contends that completing a REST Report aids property owners pre-qualify for mortgage loan modification from their lenders, which saves them time and reduces legal fees. He has been quoted as saying, “If you think a mortgage modification is in your best interests, my unequivocal guidance is to get a REST report.”

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A REST Report is utilized to conduct mathematical computations to analyze whether a homeowner has the qualifications needed beneath HAMP (Residence Cost-effective Modification Program) to obtain a loan modification. According to a HAMP directive, any homeowner who get pre-qualification and has their assistance documentation must obtain a mortgage modification from their lender. The REST Report also helps establish whether or not another option, such as a short sale, deed-in-lieu of foreclosure, other foreclosure defense, or bankruptcy, is a viable option.

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About the Law Workplace of Cox &amp Sanchez&#13

The St. Petersburg bankruptcy attorneys at Cox &amp Sanchez, Thomas F. Cox and Stephany P. Sanchez, have over 30 years of combined expertise delivering bankruptcy and civil legal assistance to residents in the Tampa and St. Petersburg region. Their areas of practice consist of Chapters 7, 11, and 13 bankruptcy, foreclosure, true estate, private injury, and wills and estates. For more information, visit the firms site at http://www.coxsanchez.com.

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LoanSafeMods.com: REST Report Video Critiques Assist Homeowners Determine If the REST Is The Right Decision For Them

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San Diego, CA (PRWEB) April 08, 2013

LoanSafeMods.com not too long ago released a quantity of REST Report testimonial videos that can aid struggling property owners to understand how this third celebration analysis tool can aid them to get the mortgage modifications that they want and deserve. The REST (True Estate Solutions and Technology) Report functions by running the monetary details submitted by the homeowner against the current information offered by all obtainable loan perform out applications such as the HAMP, HARP and other government and proprietary loan function out or mortgage modification applications.

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This aids the homeowner to see precisely what foreclosure options they have obtainable to them so that they can make the correct decisions when it comes to the future of their residences. It can also help to get stalled or delayed mortgage modification requests approved since it can also aid the lender or servicer to see how the numbers add up and why it would be a lot more beneficial to approve the modification than to foreclose the home.

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So far this report has helped thousands of families to remain in their homes and stay away from foreclosure by ensuring that they are treated fairly by their banks and loan servicers. A few of these success stories are now becoming shared through the assessment videos posted on LoanSafeMods.com. These videos function the stories of property owners who had struggled for months, or even years in a couple of instances, to get their mortgage modifications approved with out the aid of the REST Report.

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Every individual tells of how they have been on the verge of providing up prior to they identified the REST evaluation. This tool helped them to show their banks how they certified for the modifications that they had been requesting. In each and every case the bank or lender approved their requests just months following resubmitting them with their REST Reports attached.

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Mona and her husband, who practically lost the property they planned to retire to, have been granted a modification that reduce their month-to-month payments almost in half and permitted them to maintain their house.

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Linda, a single mother living in Oceanside with her daughter, lastly got her modification authorized right after struggling with the procedure for almost two years prior to finding the REST Report. She had her month-to-month payments cut by nearly $ 1,000.

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Crystal, who was living in fear since her bank issued a Notice of Sale on her house, was finally in a position to prove to her bank that she did in truth qualify for the modification she was searching for thanks to the REST. She now pays only $ 728 per month as an alternative of $ 1,700.

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Ron, an EMT living in San Diego with his two young children, struggled for a number of years to get a HAMP loan modification without success. Ultimately after finding the REST his modification was granted in a handful of brief months. He now pays about fifty % of what he employed to on his month-to-month payments and his principle was cut by more than $ 350,000.

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These are just a handful of of the good results stories from property owners who have utilized the REST report with their loan modification applications. For the complete evaluations and to discover out much more about how the REST Report performs, click right here.

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