The REST Report is in my opinion, the best thing to happen to loan modifications since... well, since forever.
It's the only way a homeowner can know with certainty whether or not he or she qualifies for a HAMP loan modification. Period. And it's the latest thing I've learned about, since beginning my journey into the land of foreclosures and loan modifications almost two years ago.
It's easy to sit back and criticize HAMP loan modifications, I've certainly offered more than my share of such criticism. But so what? HAMP is here, and HAMP isn't going anywhere. I wanted to offer something that would make a positive difference... something that would help homeowners to make the best of a situation that's certainly less than ideal. So, after ten months of hard work and investigation, I'm proud to be able to offer the REST Report to homeowners.
The Rest Report is an 11-page report that will tell you with certainty whether you will pass the NPV test and qualify for a HAMP loan modification. It's a version of the same software used by banks and servicers to determine HAMP eligibility, and it's the only platform that can tell you whether you pass the NPV test, as required by the US Treasury. There's no way I would even consider going through the loan modification process without having run my own REST Report and that's the plain truth.
Here's a link to my article on the REST Report, and I urge you in the strongest possible terms to read it if you are currently in the process of obtaining a loan modification, or if you are thinking of applying for a loan modification: The Best Thing to Happen to Loan Modifications Since... Well, Since Forever.
