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New Foreclosure Software to Help Borrowers Save Their Home
New Foreclosure Software to Help Borrowers Save Their Home
New powerful tool to help save home from foreclosure was recently launched to help homeowners obtain a successful loan modification and other debt related issues.
Los Angeles,
California,
United States of America
(prbd.net)
13/05/2011
A new foreclosure software to help prepare homeowners obtain a successful loan modification and other issues on home debt before they present their application to lenders was launched recently to help save home from foreclosure.
The new tool, called REST report, determines homeowners capability with a test to establish the Net Present Value (NPV) before they go to the unsure process with the banks or lenders for loan modification. Major banks and service providers uses the same version in evaluating if homeowners qualify for a foreclosure prevention assistance plan of the government. This software was developed in concert with the U.S. Treasury Department’s guidelines for use by lenders and servicers when determining loan modification approval or denial.
The difference between present value of cash inflows and the present value of cash outflows is called Net Present Value (NPV). Lenders have been using these secretive NPV tests with increasing regularity and they are likely playing a role in unnecessary foreclosures.
Your REST Report will show the (NPV) Net Present Value of various Government Loan Modification Programs, along with interest rates, monthly payments, and loan terms. The REST loan disposition and analysis system runs proprietary algorithms, NPV analytics, and accesses numerous property valuation databases.
"Workout options and present financial outcomes resulting from a variety of modification and foreclosure scenarios can now be assessed weighed and evaluated by homeowners from the REST Report generated. Before the existence of REST Reports, it is the lenders who had the final say in the negotiation of mortgage terms. With as much information from lenders, homeowners can now participate in the loan modification process giving them a better chance at a positive outcome,” Todd Alexander, the consumer debt advocate of Rest Report said.
“We are now empowering our homeowners take control of their mortgage issues. The knowledge that we provide regarding the future of their home loan are important so they can take action before they lose their precious home. They can take action before it’s too late,” Alexander added.
The REST Report runs the most up to date NPV analytics as required by the United States Department of Treasury, and it is built on the same platform lender uses to determine homeowner’s eligibility. It also compares the value of a dollar today to the value of that same dollar in the future, taking inflation and returns into account.
Loan modification is not a simple adjustment to the loan which makes payment affordable. It is a complicated financial analysis for the lender and loan service providers. This is what most borrowers do not understand, as shared by the REST report expert. All loan modification must pass many variables in order to be approved by the lender and qualify for government incentives. It is complicated and convoluted but the REST Report helps you get your answers.
To know more of what REST Report can offer, visit their website now at www.restreport.com or call 1-888-543-4340 for free consultation. You can also check REST report on facebook.com/RESTreport and twitter.com/#!/RESTreports.
About
Company: RESTreport.com
Address: Yorba Linda, United States
Web URL: http://restreport.com
Email: info@RESTreport.com
Phone Number: 1-888-543-4340
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