Robosigners and the REST Report

Oct. 15, 2010 - PRLog -- "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. It is the same software platform used by the banks to evaluate the best resolution to a troubled asset.”
To date, approximately 1500 REST Reports have been run, to varying results. Every mortgage and hardship is unique.
I can send you a District Court transcript that demonstrates the power of the REST Report, a mortgage modification done without an attorney.
We are also getting astounding anecdotes that recount court receptivity to the calculations and authority.
If you want to keep your home, or have an investor buy your property and negotiate the best short sale for your situation, this is the one single tool you need to resolve your situation.

Currently, there is no financial reason to pay a third party to negotiate a mortgage modification. The banks have learned that they are not required to negotiate in a timely manner, which basically means ‘Good Faith.’ Since the Loss Mitigation Dept. and the Foreclosure Dept. at your lender are not held accountable for communicating with each other, it is up to you, the distressed homeowner to use the court to do it.

Lender/servicers may not foreclose while engaged in mortgage modification or short sale negotiations. The court will see to that.
Just attend any and all foreclosure court dates with your mortgage modification file. All you have to say is, “Here judge, is my mortgage modification file, with the REST Report on top, and my receipt of mailing with the USPS.” Done.

You need two items to modify your mortgage or short sale your property and not foreclose or pursue bankruptcy. One: Have accurate, unbiased calculations including Net Present Value (NPV) that show your lender you have the same calculations they have; and two: Be able to prove that the Loss Mitigation Dept. received all supporting documents in your application. (No faxes.)

For Item One, the REST Report does it all.

Regarding requirement number two; all documents need to be mailed USPS certified mail, return receipt requested. This will ensure that your bank can't claim you didn't submit a complete file and the court will hold your lender accountable. Again, No faxes!

You call your lender and request either a mortgage modification package or short sale package depending on REST results. This will list the supporting documents you need to submit.

ANYTHING BUT FORECLOSURE!

I am a proud vendor of the REST Report.

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About Mortgage-Mod-Monster.com. 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!