The Spectacular Success of the REST Report for Do it Yourself Mortgage Modifications

Sept. 30, 2010 - PRLog -- This past summer of 2010 has seen a significant increase in the do-it-yourself mortgage modification application. There are two reasons for this. First, the REST Report is proving itself an airtight tool in justifying a mortgage modification to the lenders, servicers, and courts. Second, the banks have realized that no executive or legislative arm of government is going to hold them accountable to negotiate in good faith.
The nations lenders are free to be as stupid and neglectful as they wish. Now, when they attempt to foreclose, that changes everything. When the distressed homeowner is armed with the REST Report, the nation’s judges are proving themselves prepared to put a stop to the bank’s shenanigans.
The owner of the REST Report software platform writes today in general terms as to the spectacular success of the REST Report this past summer.

To date, approximately 1300 REST Reports have been calculated with a phenomenal succesful reception rate by the lenders and servicers. The REST software uses the same platform the banks use to calculate NPV, or Net Present Value. This calculation is what the banks use to decide to grant a mortgage modification or short sale. The courts are recognizing it as a rock solid foreclosure defense.

Read more at: http://mortgage-monster.com/do-it-yourself-mortgage-modif...
and: http://mortgage-mod-monster.com/spectacular-success-rest-...

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This blog researches the convoluted and mis-reported distressed mortgage industry.

As of June 2010, the only efficient way to negotiate your mortgage is to get the REST Report. This software calculates the NPV of your home and tells your lender whether to modify or short sale. Just imagine sitting in the Loss Mitigation office of your lender and having access to their calculations! Beat your lender with their stick!