Property & Loan Information Property State Please Select Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Approx Property Value Please Select $0 - $99,999 $100,000 - $124,999 $125,000 - $149,999 $150,000 - $174,999 $175,000 - $199,999 $200,000 - $224,999 $225,000 - $249,999 $250,000 - $274,999 $275,000 - $299,999 $300,000 - $324,999 $325,000 - $349,999 $350,000 - $374,999 $375,000 - $399,999 $400,000 - $424,999 $425,000 - $449,999 $450,000 - $474,999 $475,000 - $499,999 $500,000 - $524,999 $525,000 - $549,999 $550,000 - $574,999 $575,000 - $599,999 $600,000 - $624,999 $625,000 - $649,999 $650,000 - $674,999 $675,000 - $699,999 $700,000 - $724,999 $725,000 - $749,999 $750,000 - $774,999 $775,000 - $799,999 $800,000 - $824,999 $825,000 - $849,999 $850,000 - $874,999 $875,000 - $899,999 $900,000 - $924,999 $925,000 - $949,999 $950,000 - $974,999 $975,000 - $999,999 over $1,000,000 Mortgage Payment Status Select Current 1 Month Late 2 Months Late 3+ Months Late Total Loan Balance Please Select $0 - $99,999 $100,000 - $124,999 $125,000 - $149,999 $150,000 - $174,999 $175,000 - $199,999 $200,000 - $224,999 $225,000 - $249,999 $250,000 - $274,999 $275,000 - $299,999 $300,000 - $324,999 $325,000 - $349,999 $350,000 - $374,999 $375,000 - $399,999 $400,000 - $424,999 $425,000 - $449,999 $450,000 - $474,999 $475,000 - $499,999 $500,000 - $524,999 $525,000 - $549,999 $550,000 - $574,999 $575,000 - $599,999 $600,000 - $624,999 $625,000 - $649,999 $650,000 - $674,999 $675,000 - $699,999 $700,000 - $724,999 $725,000 - $749,999 $750,000 - $774,999 $775,000 - $799,999 $800,000 - $824,999 $825,000 - $849,999 $850,000 - $874,999 $875,000 - $899,999 $900,000 - $924,999 $925,000 - $949,999 $950,000 - $974,999 $975,000 - $999,999 over $1,000,000 Who is Your Lender Monthly Income Please Select less than 1000 1001 - 2000 2001 - 4000 4001 - 5000 5001 - 8000 8001 - 10000 over 10000 Are you experiencing financial hardship? Please Select Adjustable Mortgage Rate Reset Loss of Job Reduced Income Failed Business Job Relocation Divorce Death of Spouse or Co-Borrower Illness Incarceration Military Duty Medical Bills ---------- Other None Fixed/Adjustable Loan -- Select -- Fixed Adjustable Contact Information First Name Last Name Primary Phone Email Past Due on Credit Cards? Current 30 days 60 days Over 60 days Unsecured Debt Select $0 - $4,999 $5000 - $7,499 $7500 - $9,999 $10,000 - $14,999 $15,000 - $19,999 $20,000 - $29,999 $30,000 - $39,999 $40,000 - $49,999 $50,000 - $59,999 $60,000 - $69,999 $70,000 - $79,999 $80,000 - $89,999 $90,000 - $99,999 $100,000+ Related Keywords: rest report, rest report matters, loan modification, loan modifications, mortgage loan modification, federal loan, modification, loan modification companies, home loan modification Rest Report - Making Modification Your Lenders Idea 24 Apr 2011 The REST Report Matters - a better way to pursue a Loan Modification. There is no other way to know you qualify and for what, with certainty. " I would not even think of modification with out a Rest Report"- Martin Andelman 1 Comment   Stopping foreclosures Ask A question Loan modification with an Attorney can help If you are behind in your mortgage payments or have received a notice of default (NOD). You do not have to file bankruptcy to avoid foreclosure if you can’t afford your lenders demand for reinstating the loan. We have stopped foreclosure with a loan modification the day before the sale date on several occasions.   Recently we had a client who was declined on two different occasions for a loan modification, once on her own and once with a loan modification company that was unsuccessful. After arguing back and forth with the lender and the threat on filing bankruptcy we were able to get a loan modification that saved our client from foreclosure. The loan was serviced by Home EQ and we are happy to announce they agreed to slash the interest rate from 8.25% to 4.00% fixed for five years. They originally insisted on $12,000 to reinstate the loan but that was impossible for our client. After negotiating up to the day before the sale Home EQ accepted $5,000 to reinstate the loan and forgave the difference. This would be literally impossible to do on your own as the lender is collecting a secured debt. Does it help that the home loan was 100% LTV? Not really when the lender considers the loan non-performing after a notice of default is sent and the home is in foreclosure. In addition, a threat of chapter 13 to a lender holding a 2nd mortgage on a home and only seeing a nickel on a dollar may be enough to get them to forgive a large portion of the balance as well. Lenders will do whatever they can to collect a secured debt and foreclose on a property. We believe going BK is the last resort; however we are capable of filing bankruptcy to stop the foreclosure process when found necessary. 0 Comment   Comment   No Comment Found! Post a Comment   Name: Email: Comment:

If you need help understanding your option of taking advantage of the home loan modification process, the help is available to you everywhere. The process is quite tricky and it is highly recommended that you do indeed seek legal advice before signing on the dotted line, in order receive the most efficient and cost-effective modification to your mortgage payment.

Where do I get Advice
There is advice all over the web on how to receive a loan modification; some of this advice is quite helpful, while some is quite dreadful. There is also the opportunity to hire a professional service that will help you go through the paperwork and work with the lender to help you get all the benefits that you deserve, due to a hardship. Loan modification is a process that must be understood completely and thoroughly. This article can actually offer you an insight on the process of loan modification and tips that will better help you as a homeowner save your home from the risk of a foreclosure.

Loan Modification Advice
First and foremost, it is important to determine if you are eligible for a loan modification. This requires writing a letter of hardship explaining to the lender what exactly the reason is for your late payments and the fact that you are unable to pay your mortgage. Doing a loan modification on your own requires more than just advice. Becoming educated about the process is more important. This is perhaps a good reason to hire a professional loan modification company to take part in the process. They will handle everything for you, while educating you in the progression. There is a fee charged for hiring these companies, but in turn your mortgage payment can be lowered quite a bit and professionals can even find things in your original loan papers that may prove that the lender may have broken the law during your original mortgage signing.

If you do choose to take the big leap of the loan modification process on your own, you must first contact the lender and they will lead you to the correct department, normally the loss mitigation department. You may not want to directly say that you are in the process foreclosure. We do not want the lender to think your situation is not worth their time before hearing you out. Always document anything relating to the loan modification process, every phone call and any other information you may receive during the process must be documented. Always discuss every option available with your lender, so that you may come up with the best alternative for you. It is true you will save money going directly through your lender and let’s face it, you are struggling already trying to make your payments, but professional assistance can help immensely.

No matter what direction you decide to take, loan modification will be what determines the amount of time you have in your home. If you are eligible you should act as soon as possible.

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