SAN DIEGO, March 24, 2013 /PRNewswire-iReach/ -- LoanSafeMods.com has released video testimonials from homeowners who have been able to save their homes thanks to the REST Report system. The REST Report (Real Estate Services And Technology Report) helps homeowners to understand their options for foreclosure alternatives by comparing information on their mortgages with current data from all available government and proprietary loan workout programs. The report can be completed in just 2 to 3 days.
This report has helped thousands of people to find solutions to their mortgage problems.
Ron, who works as an EMT and lives with his children in San Diego, was struggling for years with trying to get a modification granted prior to finding the REST Report. He says in his video:
"What scared me the most about everything was, every day, not knowing if someone was going to come knocking at my door telling me to get my stuff out. It was just me and my kids. We had no where else to go."
After including the findings of the REST Report and resubmitting his application, the bank finally approved a modification that cut his monthly payments in half and reduced his principle by more than $300k.
Crystal, who also lives in San Diego, also struggled with filing for a modification on her own. After advising her to default on her payments for five months, the bank then turned around and gave her a hard time with her modification application. Crystal hit a low point when she found a Notice of Sale on her front door one morning.
However, after running a REST Report and showing it to her bank, her modification was finally approved and she was able to keep her house at just $728 per month instead of the previous $1,700.
Linda, a single mom who lives in Oceanside with her young daughter tried for two years to get her loan modified without success. She says in her review:
"It was so perplexing to me because I had enough income, I had all the criteria and they kept telling me 'You have to resubmit, it's been three months. You have to send in a new application.' I think I applied at least 3, maybe 4, times!"
Finally she found the REST and was able to succesfully submit her request. She says:
"There it was in black and white. The numbers made sense! So it was just a matter of getting it to the right person at the bank and it was a done deal within a few weeks."
The modification reduced her payments from $3,000 per month to a more manageable $2,100.
Mona and her husband, who live in Point Loma, also nearly lost their dream home to foreclosure. Hoping to retire in a few years, the couple knew that if they lost their house they would not likely be able to buy a new one and retire with that security.
They fought for years, and the stress affected their relationship as well as their peace of mind. Finally Mona found the REST Report through LoanSafeMods.com and their worries were put to rest.
Now they pay almost 50% less on their monthly payments. Mona says in her review:
"We were really happy with the way it turned out - way better than ever expected! We have a future now. We're actually looking forward to our future. And it's going to be doable. Even if it gets tough again, I think we'll be able to deal with it, no problem."
These are just a few of the people who were able to save their homes from foreclosure thanks to the REST Report. Visit LoanSafeMods.com for more information on the REST and to access other useful online tools for homeowners.