Aliso Viejo, California (PRWEB) July 30, 2010
getRESTreport.com nowadays announced the availability of the REST Report to the basic public. Developed to support distressed home owners by delivering NPV info, every customized, 11-web page REST report gives loan disposition data employed by banks and the United States Treasury Department to establish if the qualifications set forth in President Barack Obamas HAMP plan have been met.

In addition, the report evaluates in-home modification numbers to assess if there is a genuine claim to reduce the rate or principle, or extend the term of the loan. Borrowers that dont qualify for a single of these applications can use the report when thinking about a short sale, deed-in-lieu, or returning the property to the bank.

Previously, only banks and monetary institutions had access to this sophisticated loan disposition evaluation computer software. With getRESTreport.com, consumers have access to up-to-date details, which empowers them to make powerful choices.

Before getRESTreport.com, homeowners turned to buddies, family members, self-proclaimed specialists, and attorneys to establish the ideal way to approach the banks, stated Corvi Urling, Executive Assistant, getRESTreport.com. Or worse, they entered into a trial modification with their lender only to be told soon after many months that they really dont qualify for the system.

With a copy of the REST Report from getRESTreport.com in hand, homeowners can determine if they qualify for any of the offered applications before they invest time and money in the process. They can use that information to prepare a package that explains to the lenders and servicers why tends to make monetary sense to modify the loan.

Whether the loan is held by Bank of America, Wells Fargo, Citibank, Wachovia or 1 of hundreds of smaller sized institutions, the 11-page REST Report from getRESTreport.com analyzes the monetary institutions needs, the specifics of the house, and the borrowers existing financial scenario, stated Urling. The document compares the various economic outcomes that would result from modifying a mortgage compared to the charges of foreclosure. This document empowers home owners to make sound decisions primarily based on information.

The REST Report is significantly different than a lot of of the free of charge reports available to the public since it shows all of the information and provides borrowers with the definitive information they need to have to face the banks in court.

Whether a homeowner attempts to negotiate with their lender or servicer on their personal, or retains an lawyer or other third party to represent them, they require substantive facts about the achievable dispositions of that loan proving that it is in the greatest interests of investors to approve the modification or short sale, mentioned Urling.

About getRESTreport.com
getRESTreport.com provides property owners with access to info, tools and expertise that could support in the negotiation of a loan modification and in dealing with other debt associated concerns. Armed with this info, buyers are empowered to figure out if they qualify for HAMP or an in-home modification before spending time and money to pursue that selection. Homeowners that qualify can use the details in the report throughout negotiations with their lender or servicer. Those that dont can make decisions based on the information.

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