REST Report "RESTReportMatters.com Forum Users and Results"

[Maurice Bedard]

Attention all LoanSafe members only: (Update: Free Reports Are Over)

The owner of REST Report Matters have decided to offer LoanSafe.org members a great discount of 10% to 15% off their normal price.

Your discount will depend on your hardship.

FAQ's From the REST Report Matters Website:

What is the REST Report Matters?

The REST Report Matters is a standard industry "loan disposition analysis" software tool kit made for consumers and run by a team of expert users that generates a loan valuation report using specific information about you, your property and your mortgages under different loan scenarios such as loan modification (6 options), short sale (one option), and foreclosure (two options).

RESTReportMatters.com runs proprietary algorithms and Net Present Value analytics based on the same software platform used by servicers to decide and determine whether it is in the best financial interest of your investor to modify your loan.

They also include a robust "Affordable Payment Analysis" and an "Estimated Property Value comparison to Net Present Value Analysis" to see at what home value, the NPV turns from positive to negative and uses the latest US Treasury approved and developed decision support for loan modifications and short sales.

The REST Report Matters allows homeowners to know with certainty whether they qualify for a HAMP loan modification Tier 1 or Tier 2 using NPV 5.0 or several in house loan modification types for Jumbo loans or non-HAMP eligible loans, and what the terms of that modification would be, BEFORE they apply, after they have applied or have been denied, so no one has to go trough the costly, stressful and/or time consuming process for nothing and can now know what income they need to qualify and what to expect for payments as a result of a modification or why to push back if denied.

REST is just an acronym for Real Estate Services and Technology and runs the most up to date NPV analytics version 5.0 as required by the United States Department of Treasury, and is built on the same platform your mortgage servicer sues to determine your eligibility for loan mods, short sales or foreclosure.

How can I use my REST Report Matters?

Homeowners can send a copy and instructions of what terms they are seeking based on their REST Report Matters to their lenders or servicers and mortgage investor, along with the required income and hardship proof supporting documentation, when they apply for a loan modification.

Please visit www.RESTReportMatters.com or call 877-737-8440 ext 115 or ext 129 to obtain more information via phone or collect as much information to complete the inputs below and them email them to michael@restreportmatters.com to get started.

Here is one of the best and long time LoanSafe Members, DavePhx on the REST Report Matters. Dave joined in July 2009 and has helped thousands of homeowners on this forum with solid advice and support. He has over 4,875 posts and is well respected here. You can verify Dave's original post here.

To further assist Loansafe.org members, they have decided to post the RESTReportMatters.com and LoanModHelpCenter.com needed Inputs to perform a Loan Disposition Analysis used in our Silver, Gold and Platinum product toolkits.

If you want to order your own analysis this is all the information we need emailed to michael@restreportmatters.com along with payment method (visa, mastercard, amex, check, cash, direct deposit which will be due once analysis is ready to be completed) and product toolkit choice and time for a telephone call appointment if desired.

An example of a toolkit bundle is found at this link www.restreportmatters.com/downloads/example.pdf.

Pricing and features of each bundle are found at the end of this post.

Don't worry if you can't get everything below, it can be done for you or with you if you ask.

These are the inputs and some may not apply to you.

If it says NEEDED, then that means it is needed for analysis.

NEEDED Loan Number: your mortgage loan number

NEEDED Data Collection Date: This is the date you have all of your inputs collected in full (xx/xx/xxxx)

NEEDED Borrower First Name:

NEEDED Borrower Last Name:

Optional Borrower Fico Score (lower of two or middle of three): michael likes creditscore.com

Optional Co-Borrower First Name:

Optional Co-Borrower Last Name:

Optional Co-Borrower Fico Score:

NEEDED House Number:

NEEDED Street:

NEEDED Is property occupied? Yes or No

NEEDED City:

NEEDED State:

NEEDED Zip Code:

NEEDED Property Type: Single Family Residence, or Condo, or Town home, Duplex, triplex, 4 unit, Manufactured or Mobile.

NEEDED Monthly Gross Rental income if rental property: (HAMP Tier 2 and in house mods are done on rental properties)

NEEDED Usage: owner occupied, investment, second home

NEEDED Condition of property: good, fair, excellent, poor

NEEDED Estimated Property Value: check zillow.com low value range

NEEDED Estimated Property Value Source: a broker's price opinion is a good alternative to zillow.com

Monthly Homeowner’s Association: if there is an association due

NEEDED Monthly Real Estate Taxes: take yearly and divide by 12

NEEDED Monthly Hazard Insurance: take yearly and divide by 12

Monthly Flood Insurance: if this is required to have by your servicer please include it

Investor: Fannie Mae, Freddie Mac, Private, Portfolio. Look up Freddie Mac or Fannie Mae owned loans by checking here. Private means that the servicer is servicing the loan for another investor and portfolio means that the loan is owned by the servicer.

NEEDED Servicer: name of servicer

NEEDED Mortgage Type: Is it a conventional loan or does it have mortgage insurance like an FHA loan?

Monthly Mortgage Insurance Premium: not necessary if unknown

Mortgage Insurance Coverage %: not necessary if unknown

Note Date: (in this format xx/xx/xxxx): this is the day you signed your promissory note and agreed to start paying your mortgage back. If refinanced, this is the day of the refinance note. nice to have but not mandatory.

NEEDED First Payment Date: call your servicer and ask when the first payment was or look at your loan docs it will say when first payment was due

NEEDED Product Before Modification: is your loan an adjustable rate mortgage, option arm, or fixed rate mortgage?

Next Date of rate adjustment if ARM:

Next rate at adjustment if known:

NEEDED Original Loan Amount:

NEEDED Original Interest Rate:

NEEDED Loan To Value at Origination (loan amount at origination divided by sales price or appraised value at refinance, expressed as percentage usually 60% to 100%):

NEEDED Current Unpaid Balance: check your mortgage statement or call your servicer

NEEDED Current Interest Rate: check your mortgage statement or call your servicer

NEEDED Current Monthly Principal and Interest payment: This is the minimum payment you have to make each month per your mortgage statement, even if it is not all of the principal and interest. It is the minimum amount your servicer will accept for payments or the minimum payment due when you went into default if you are behind more than 60 days and have stopped receiving mortgage statements.

NEEDED Monthly Gross Income for Borrower: This is the monthly income before taxes are deducted from paychecks or the fixed income received monthly if on fixed income. For self employed borrowers this is from the net income from the business and your percentage ownership. Don't worry if you don't know how much you need, the analysis will let you know how much minimum income you need once it is completed

NEEDED Monthly Gross Income for Co Borrower: same as previous for borrower

NEEDED Monthly Gross Income for anyone else in the household:optional, you don't need to disclose this and can be used or not used depending on what the analysis says

NEEDED Total of All Monthly Expenses excluding this loan PITIA: This is the sum of all other monthly obligations other than this monthly mortgage Principal, Interest, Taxes, Insurance, and Association dues. We can help get this precise when we do the analysis

NEEDED Primary Residence Housing Expense (PITIA) if this loan is for a rental property: If you are trying to modify a rental property, then the primary mortgage PITIA is needed as well

NEEDED Delinquency Classification: Are you 30 days or less past due, 31-59 days, 60+, 90+, 120+, NOD, NOS, Foreclosure?

NEEDED Current Months Past Due: check your mortgage statement or call your servicer or check your online account at your servicer's website

NEEDED Maximum Months Past Due Last 12 Months: were you more than 60 days past due and then caught up? this measures how many months delinquent you were in the past 12 months to see if you keep falling behind or not.

NEEDED Reason for Default: This includes things like
*Not late, current on payments
*Excessive Obligations other than this mortgage
*Curtailment of income (reduction)
*Unemployment
*Abandonment of Property
*Business Failure
*Casualty Loss
*Death of Borrower Family Member
*Death of Principal Borrower
*Death of Spouse
*Distant Employment Transfer
*Energy Environment costs
*Fraud
*Illness of Borrower Family Member
*Inability to Sell the Property
*Marital Difficulties
*Military Service
*Payment Adjustment That Made Loan Payments Unaffordable
*Payment Dispute
*Permanent Disability
*Property Problem
*Retirement
*Servicing problems
*Transfer of Ownership Pending

NEEDED Delinquent Interest or amount of monthly payments past due (this amount will be capitalized):

NEEDED Delinquent Taxes and/or Insurance and/or Dues (this amount will be capitalized):

NEEDED Current Mod Status: Pick one of the following, previously denied, failed trial mod, failed permanent mod, none
NEEDED If Previously Modified, the Monthly Modified Principal and Interest Payments:

Investor Risk Premium Percentage if known:

Market Rate From Freddie Mac Market Survey Rate if known:

Mortgage Insurance Partial Claim Amount if known:

Fannie or Freddie Allowed Fees to be Capitalized if known:

Escrow Amounts, if any, Servicer advanced for Borrower to be Capitalized if known:

Investor Paid Mod Fees if known:

Tier 2 Minimum Interest Rate if known:

Tier 2 Maximum Term if known:

Tier 2 Maximum Forbearance Amount if known:

Tier 2 Maximum Forgiveness Amount if known:

That completes the input list.

Just copy the above inputs, and send it in to michael@restreportmatters.com or do he best you can with getting what you can and call in and get the information on a conference call with your servicer or advocate. 877-737-8440 ext 129 for michael or 115 for peter.

Re-evaluations are free for the first 5 within 90 days and then go to $100 per re-evalution.

You can always fax it on or print it out and send it via mail but call in first for special handling instructions if you are printing and mailing it so the data is as accurate as possible.

What you get with the gold and platinum package is help getting the above information as well as conference call with your servicer and a budget consultation or help preparing a solvent crisis budget.

There are attorneys and agents ready to answer questions about how to use the analysis in mediation, litigation, modification requests, short sales or bankruptcies as well as escalation specialists who will assist users in getting their analysis under consideration.

The three different price points are around $600, $900 and $1500 for the silver, gold, or platinum software tool kit bundles before discount, depending on if you want a full package submission to go along with your analysis or you want to do things yourself and how much support you need and using them in conjunction with a servicer provider to do the mod for you runs around $3,000 to $5,000 for service (contingency fee is based on performance, only if successful at achieving mod offer or short sale offer or cash for keys) or sometimes more, if you can't do it on your own or just don't want to talk to your servicer.

The platinum software analysis package comes with 10 hours of support as well as transmission and confirmation of receipt by third party for the homeowner.

The mod service fees of $3,000 to $5,000 are due when a mod is offered or short sale is accepted or a cash for keys has been resolved and you are satisfied with the results by making your first modification/special forbearance/trial/trail mod payment under the Mortgage Assistance Relief Service Rule made by the Federal Trade Commission.

The software licenses alone are per loan and cost $250.00 just for the license and without any labor which is $75 to $150 an hour depending on client so the silver, gold and platinum packages are a bundle package.

Attorneys, agents and advocates who are looking to become affiliates are encouraged to ask about how to get their own username and password to REST Report Matters 24 hours 7 days a week access and training so that they can help more of their clients and affiliate pricing is $500 if purchased in 2 two or more quantity with no long term or other commitments.

Loan Mods through Loan Mod Help Center partners generally cost $3,000 to $5,000 to $10,000 depending on the circumstances from the experience of REST Report Matters and Loan Mod Help Center (they never charge an upfront fee for services but are affiliated with REST Report Matters).

Short Sales usually net an agent at least 1 to 3% of the home price so it is easily a $2,000 minimum cost for an agent to do a short sale (due upon closing of escrow).

Of course, there are no upfront fees and each case is unique so go ahead and ask about your case there is never an obligation as REST Report Matters and Loan Mod Help Center always do free income and property analysis to see if you would benefit from spending money on the service or product tool kit. 877-737-8440 ext 129 michael or 115 peter or via email michael@restreportmatters.com

You can also use the tool kit with the attorney of your choice or advocate of your choice as REST Report Matters has plenty of advocates to choose from across the country.

Over the years.. yes years.. we have only had a few folks from "inside" who actually process mods or know from within banks what is going on or mod folks working directly with banks.

As the inside person said (whose post just got deleted) said, it is against their ethics or employment rules to discuss modifications from "inside" and could not participate as I recall to help people like REST Report Matters has done.

In my view some of the most helpful posts in the past have been from "insiders" who see piles and piles of mods vs just us knowing what is going on with ours. But after a few weeks then tend to vanish - probably because their employers were alerted the were actually trying to help from the "inside" against their rules.

While LoanModHelpCenter.com obviously has a vested interest in REST Report Matters in my view it is the only "real" way to prove the banks should modify - they paid a fortune to get the system, hire staff etc. This is what is called the free enterprise system where someone creates a product that fills a need and sells it.

But I don't think like ****** or brokerinNCal that he abused the board and in fact has provided very helpful in my view good "inside info" that is not all about selling REST Report Matters.

On the other hand I know of no other options to prove using the real deal HAMP rules to fight for a mod with as long as the banks claim they are reviewing for HAMP and then proof that you qualify. Or, if you don't know you don't but REST Report Matters does a lot of prescreening it seems to folks won't just waste their money if obvious not worth it to run REST Report Matters.

Of course nothing can be assured since banks violate HAMP directives every minute. But if REST Report Matters shows they should modify it would seem to be very strong ammo far better than lawyers trying to file expensive lawsuits where chance of winning seems less than 50% even with good lawyers.

LoanModHelpcenter.com has also discussed real cases some of them from folks here confirming where REST Report Matters got mods when they were otherwise about to give upl

I of course have no financial interest in this and when LoanModHelpCenter.com first came on I challanged them in depth on some points. They answered all my challenges and I know he actually knows what he is talking about and I believe they are very sincerely trying to help. And earning a profit from a desired product is the American way.

Further to get Moe's support after all the scams here he has seen is amazing.

In conclusion if you don't want to hear about REST Report Matters, just skip the posts but some of us value the real life experiences of LoanModHelpCenter.com and his other staff that have posted here and for some his info is valuable.

REST Report Matters far more valuable and less expensive than a lawyer who has little advantage unless expensive lawsuits are filed with unknown and so far very mixed results based on various legal theories.

[interesting...]

hmm... yall are assuming the servicer really is looking out for the "investor"s best interest. I've found that many are not. They could really care less about the "investors" because they are only bound by a very vague PSA agreement. They reckon they can collect what fees they can, and if the pool moves to another servicer, so be it. I doubt that the servicers have any sort of direct accountability at this time. So much money is being funneled into treasuries and bond funds... these funds are huge and involve hundreds of thousands of investors. You really think Ginnie Mae even cares what's in the securities?? Bernanke's buying billions worth in some sort of blind faith regarding supply-side economics... not even that but the idea that more leverage is needed to get things running again.

Anyway back on Earth I've seen little sign of the so-called "investors" being involved in any of this. The servicer seems to make all the choices... they throw out that word "investor" when they don't want to be held accountable. If they think they can collect more from you by doing a foreclosure, meanwhile pretending as if they'll help you... stringing you along with "trial payments" and such nonsense, well they'll do it. If they find that the property is either not well insured, or will never sell at auction, they might mod it.

Am I being a bit too cynical here?

[1down1togo]

Hi, Moe and LoanModHelpCenter.com and RESTReportMatters.com,

Thank you for this opportunity. I would love to be one of the ones picked.

I have been trying to get a modification on my home since May of 2009, about 20 months. I finally got trial payments for Oct, Nov, Dec of 2010. Now it's been 6 weeks, no final paperwork yet, or any progress that I can see.

I was told that I passed the NPV test, but only by $2000. A couple of weeks ago, I was told that they were going to do another BPO and credit check, which makes me wonder if they are going to re-run the NPV, and maybe I won't pass this time, since it was so close last time.

I could afford my home with a rate reduction. Right now, I have an interest-only loan which I can't quite afford right now, and when it resets, I definitely won't be able to. I have a good job, though. I am between 2 and 3 months late.

There are plenty of deserving people on this site. I'm just one of thousands. But I would love to be considered. I'm a single mom with a wonderful son and we would love to have the stress of the last 20 months finally end.

Thank you.

[LoanModHelpCenter.com]

hmm... yall are assuming the servicer really is looking out for the "investor"s best interest. I've found that many are not. They could really care less about the "investors" because they are only bound by a very vague PSA agreement. They reckon they can collect what fees they can, and if the pool moves to another servicer, so be it. I doubt that the servicers have any sort of direct accountability at this time. So much money is being funneled into treasuries and bond funds... these funds are huge and involve hundreds of thousands of investors. You really think Ginnie Mae even cares what's in the securities?? Bernanke's buying billions worth in some sort of blind faith regarding supply-side economics... not even that but the idea that more leverage is needed to get things running again.

Anyway back on Earth I've seen little sign of the so-called "investors" being involved in any of this. The servicer seems to make all the choices... they throw out that word "investor" when they don't want to be held accountable. If they think they can collect more from you by doing a foreclosure, meanwhile pretending as if they'll help you... stringing you along with "trial payments" and such nonsense, well they'll do it. If they find that the property is either not well insured, or will never sell at auction, they might mod it.

Am I being a bit too cynical here?

Interesting.....

We know the servicer is not working in the best interest of the investor, thats FACT!..... The 800 page "PSA" they work under simply states they will work in the best interest of the investor, but they dont!.... we know that...

Yes this report can go all the way to court level if neeb be.. You can push back as hard as yhou would like. I personally have only seen 3 cases gotro court of which all 3 were awarded modifications, and MARTIN should be touching on this. I know the judge through the report in the face of wells fargo and gave them 30 days to MODIFY loan according to the Loan disposition Analysis...

If a REST REPORT IS ran, and it shows you qualify and that report goes into the file or is sent directley to the investor which we always try to do... AND THAT REPORT SHOWS THE INVESTOR WILL MAKE MORE MONEY BY MODIFYING THAT LOAN... and the servicer doesnt, thats another can of worms that the servicer really does not want to get into...Generally after seeing the report and complete package showing income etc... They decide just to modify the loan, and this is on EARTH its working daily at my office call me anytime ill explain it more in detail. This really is the only thing left for a homeowner to do, that doesnt want to or has paid 3-5k for an aottorney... if they are working with an attorney...i would get this report to their attorney asap.... To cynical..... opinions may vary

[LoanModHelpCenter.com]

Hi, Moe and Charlie,

Thank you for this opportunity. I would love to be one of the ones picked.

I have been trying to get a modification on my home since May of 2009, about 20 months. I finally got trial payments for Oct, Nov, Dec of 2010. Now it's been 6 weeks, no final paperwork yet, or any progress that I can see.

I was told that I passed the NPV test, but only by $2000. A couple of weeks ago, I was told that they were going to do another BPO and credit check, which makes me wonder if they are going to re-run the NPV, and maybe I won't pass this time, since it was so close last time.

I could afford my home with a rate reduction. Right now, I have an interest-only loan which I can't quite afford right now, and when it resets, I definitely won't be able to. I have a good job, though. I am between 2 and 3 months late.

There are plenty of deserving people on this site. I'm just one of thousands. But I would love to be considered. I'm a single mom with a wonderful son and we would love to have the stress of the last 20 months finally end.

Thank you.

Its a good time to get the report in for sure... do you know who your negotiator is asigned to your file?

Who is your investor?

MOE?...

Give me a call so i can at least get the NPV inputs, and be ready if MOE chooses you... just call ask for me leave name and #... ask my people any questions you may have... they are not just put on a sales floor they all know whats going on with the market and this report...

Ill be checking back here MOE for you to pick... i think this thread will be huge, soon and hard to manamge ill have my hands full .. i enjoy helping homeowners thought its kinda fun talking with poeple on here so far ...

WE HATE THE BANKS! .... WHo doesnt?


www.restreportmatters.com 5 minute youtube video on the site i recommend weatching.

[LoanModHelpCenter.com]

god i should make sure i spell things right before posting... lol

you cant edit after, you leave page i see.. well watching... is what i was trying to say above... FAT fingers.. not really but yea

[1down1togo]

do you know who your negotiator is asigned to your file?

Who is your investor?

My servicer is Chase. My investor is Freddie mac. I'm not exactly sure about my negotiator--do you know the negotiators? How would this info be helpful?

I forgot to explain my hardship before. It started 3 years ago when my son suddenly became critically ill. He was in the hospital for 6 weeks, but, thankfully, fully recovered after 1 1/2 years. Then my husband's business (contractor) failed, then we got divorced (no child support because he has no work). And my hours were cut by 20% at work.

I try to focus on the good things, and that helps, but this process has been so stressful and I can't wait to have it over with and to know whether I can stay in my home or not. I want to feel peaceful instead of anxious.

[DJStands]

I would love this opportunity! I have been fighting for a loan mod since March of 09. I have years of mortgage and real estate experience and know that when I make my weekly call to the bank, I will get these conflicting and ridiculous responses. They have calculated our income erroneously, which I am diligently attempting to correct, and appeal the denial we received after 19 grueling and exhausting months. I also discovered the NPV worksheet may be flawed depending on how the Underwriter enters the data. There is still the potential for human error. It is critical the Underwriter use a P & I payment "only" on the original and new payment, otherwise, you may get a negative. on the NPV. This is a common mistake from a comment a Servicer made, and it must be corrected manually. NPV was updated the day after our denial was issued. I have not been successful in explaining this to our Servicer,they get very flustered when I ask these very specific questions. /the REST report would be the greatest proof I have to contest their decision. My husband and I are at ages where we do not have the luxury of starting over--our home is all we have left from the ravages of the economy. I know we can certainly afford reasonable payments, and want desperately to keep our home.

[LoanModHelpCenter.com]

Its a good time to get the report in for sure... do you know who your negotiator is asigned to your file?

Who is your investor?

MOE?...

Give me a call so i can at least get the NPV inputs, and be ready if MOE chooses you... just call ask for me leave name and #... ask my people any questions you may have... they are not just put on a sales floor they all know whats going on with the market and this report...

Ill be checking back here MOE for you to pick... i think this thread will be huge, soon and hard to manamge ill have my hands full .. i enjoy helping homeowners thought its kinda fun talking with poeple on here so far ...

WE HATE THE BANKS! .... WHo doesnt?

www.restreportmatters.com 5 minute youtube video on the site i reccomend weatching.

My servicer is Chase. My investor is Freddie mac. I'm not exactly sure about my negotiator--do you know the negotiators? How would this info be helpful?

I forgot to explain my hardship before. It started 3 years ago when my son suddenly became critically ill. He was in the hospital for 6 weeks, but, thankfully, fully recovered after 1 1/2 years. Then my husband's business (contractor) failed, then we got divorced (no child support because he has no work). And my hours were cut by 20% at work.

I try to focus on the good things, and that helps, but this process has been so stressful and I can't wait to have it over with and to know whether I can stay in my home or not. I want to feel peaceful instead of anxious.

Its very important to know who you negotiator is.... by now if you were issued a trial period payment... THIS IN MY EYES IS THE SINGLE MOST VALUABLE PIECE OF INFORMATION YOU SHOULD HAVE WHEN DEALING WITH YOUR BANK, AND KNOWING WHO THE INVESTOR IS, works as EXTRA AMMUNITION... YOU CAN SEND A REPORT DIRECT TO INVESTOR, IF YOU HAVE TO..... but the negotiator is the person that is assigned to your file, and you should have name and number of that person ask who it is... speak with them... let them know whats going on soon as they are assigned things usually get moving... if they have a heart, and need to be able to sleep... as you will now be dealing with 1 person who might just have a family of their own...

OH AND FOR THE RECORD THE REST REPORT HAS WORKED FOR CHASE ON SEVERAL INSTANCES.... however they are not 1 of 24 servicers that purchased the report.... imagine that... GOOD OL CHASE, they are my least favorite... just letting you know when WAMU went under you think ONE WEST GOT A SWEET HEAR DEAL? imagine what CHASE {PURCHASED WAMU LOANS FOR.....} SCARY... i think CHASE right now is the UGLIEST.... bank out there, it used to be ONE WEST or INDY MAC.... but they purchased this REPORT... 4 weeks ago for 2.7 million and are very happy with them, takes most of the work out of their hands. We have got only good news from them RE: REST REPORT...

AGAIN MOE HAS TO APPROVE THIS I DONT WANT TO WASTE, no saying its a waste but we only have 3-4 free ones..IM THINKING WE CAN MAKE A DISCOUNT FOR LOAN SAFE MEMBERS BUT FIRST ILL TALK WITH MOE

AND BTW..... INVESTORS THAT ARE FANNIE FREDDIE..... YOU ARE LIKE LUCKY KIDS ON CHRISTMAS, BECAUSE THEY LOVE THE REPORT, AND ARE STRIVING FOR SERVICERS TO RUN THEM....

[LoanModHelpCenter.com]

I would love this opportunity! I have been fighting for a loan mod since March of 09. I have years of mortgage and real estate experience and know that when I make my weekly call to the bank, I will get these conflicting and ridiculous responses. They have calculated our income erroneously, which I am diligently attempting to correct, and appeal the denial we received after 19 grueling and exhausting months. I also discovered the NPV worksheet may be flawed depending on how the Underwriter enters the data. There is still the potential for human error. It is critical the Underwriter use a P & I payment "only" on the original and new payment, otherwise, you may get a negative. on the NPV. This is a common mistake from a comment a Servicer made, and it must be corrected manually. NPV was updated the day after our denial was issued. I have not been successful in explaining this to our Servicer,they get very flustered when I ask these very specific questions. /the REST report would be the greatest proof I have to contest their decision. My husband and I are at ages where we do not have the luxury of starting over--our home is all we have left from the ravages of the economy. I know we can certainly afford reasonable payments, and want desperately to keep our home.

The best part is the NPV is not ran I'n that leaked old excel spreadsheet everyone has that was based off the " loan mod I'n a box" Sheila bair. FDIC model which is wrong and waterfall method floor is 3% instead of 2%. The rest report uses the brand new as of December 3.5 analytics.

[tryinmybest]

Charlie,

If you want the most needy, I left a msg for Val4747 to get ahold of you.
She NEEDS help. (and fits Moe's criteria of one of the most needy)

[CntrlVllyCA]

Hi, I have been in foreclosure hell for over 2 years. I have been told that I shouldn't complain because I live free but since I can't make a payment unless it includes all arrears I have no choice. It may seem great but who wants to wake up every day not knowing if you should do like the neighbors and leave or hang on waiting for a miracle. Every time I miss a payment it gets added to arrearages so I am just putting my family in greater debt and that is not a good feeling. I have been dealing with Countrywide now Bank of America with this mess since 2007, I am 80,000 in arrears owe over 250,000 on a home I bought in 2005 that is valued at 90,000 and I have been denied a loan modification many times for many reasons. I have been offered in house modifications that were for more than the original payment which I declined because they didn't make sense financially or would only put me in a worse situation. I thought we had lost our home when I declined because they set a sale date but I kept contacting different departments to cancel the sale. I even had to call the trustee myself the day before the auction to cancel the sale. (Just like everyone out there) I have dealt with this mess too long and it takes a toll on ones health. So anyway I received paperwork for a trial modification under the HAMP program to begin April 2010. I sent the April May and June payments. I called to get an update and they said they needed more information. I sent docs they asked for and again send me envelopes by FedEx asking to use their return envelope for more docs. I received a notice dated Dec 28, 2010 of missing required documents and they gave me a deadline of Thurs Jan 27,2011 to fax all documents but I received a notice dated Jan 6, 2011 on Jan 11, 2011 that the Modification was declined because the financial information submitted indicates I do not have resources to support a repayment plan or loan modification and to please contact BAC if your situation improves. I do not work but my husband has been at his place of employment since 1994 (USPS) and we had a hardship when they cut hours a few years back and our mortgage payments (we had 2 homes at the time) went up. I am ready to send the docs but I am too tired of living in a house of cards and my husband has told me time and time again to let it go and find a place to rent and be done with it. I thought we would have received the modification in the beginning when the PO cut hours because of job stability but I have always wondered and tried to figure out the financial side of what we are dealing with. I think the rest report would give me a clear look into all this mess and give me insight into what I am really trying to do here.

[LoanModHelpCenter.com]

I would love to get you a rest report i will use my best judgement and say that moe will call me tomorrow and approve you to be on our rest report matters trial plan.. I hope

Sounds like you have been through the ringer tell your husband never give up, because then they win!!!


Give me a call I'n the morning I'll gather the inputs for your loan it's about 18 inputs we have to gather.

Call leave your name number and forum name.. Moe will be I'n contact with me tomorrow

[LoanModHelpCenter.com]

Charlie,

If you want the most needy, I left a msg for Val4747 to get ahold of you.
She NEEDS help. (and fits Moe's criteria of one of the most needy)

Awesome have her call me.

[DELL1]

I just wanted to post a preliminary status report on my experience with the REST report. But first, some qualifying background.

As business began to cool in 07-08 my income took a hit. Till then my wife did'nt work and I was able to make the monthly nut. In late 08 it became apparent we were falling behind. Like good little drones we notified the bank and asked for some help. This was our introduction into the TwiLight Zone now known as the HAMPSTER WHEEL.

In the intervening years we have gone thru every kind of hell the bank has thrown at us. Jerked around by lost paperwork, updates up the ying yang, etc, etc, etc....we finally hired a friend of mine as a consultant to help us apply for HAMP. We worked the numbers with the bank and they qualified us for a trial payment plan in early 2010. We made our payments and continued making payment for an additional 2 months till we were informed we did'nt qualify and 5 days later the bank filed an NOD. This of course began the cascade of phone calls and letters from people "wanting to help"...ARRRGGGHHH!

I found this forum, desperate and looking for the right path to take. Like many others here, I have spent hundreds of hours reading, studying, learning. Trying find out what I could do and who I could talk to to help us save our home. My "paperwork" is till "under review" in some dark dingy hole at my servicers, getting kicked around til the time they decide to foreclose.

I have spent countless hours trying to figure out what motivates the banks to decide what they decide. Who quailifies and who doesnt? Based on what?

Which bring me to the REST report. After reading the threads and all applicable links, I saw a tool which would allow me to know in short order if I qualified or if I was wasting my time trying. So I jumped at the chance to be a guinea pig for this forum.

I hounded down Charlie and threw myself into the mix. I took the afternoon off and made myself available to answer all their pre-qual questions on income, property values, loan status etc. Then we get on a 3way call with my bank to get current data. All of this was fed into the model and 1/2 hour later the results were produced. The important thing to remember is that these results are based on the algorithms used by MY BANK and criteria from Treasury for the NPV test. The results show I qualify for modifacation based on 2 facts. 1. It is in my investors best interest that my loan get recast rather than the properrty be retaken via foreclosure, and 2. my income shows that while I cannot afford my old payment, I can afford a slightly revised lower one.

Thinking back on all the hours I spent beating my head against the computer monitor trying to get somewhere close to knowing the above, it was amazing to me that in a few short hours these data were presented to me. This to me is VITAL because it tells me where I should spend my time. At the end of the day, most of us will save countless days and hours just learning quickly whether we should fish, or cut bait.

This so far has been the greatest benefit I have seen so far.

It is on to the next phase where I present this data to my bank. I will be copying a liason from my Congressman's office who will follow up with my servicer through Treasury. I may also copy my investor. They may be interested to know that my bank, as the servicer for their loan, is willing to screw THEM for their own benefit.

One last note. In the 3way call with the bank, Charlie's guy was able to find out not only who my investor is, but also the file # assigned to my loan. He learned in 5 SECONDS what some of us take FOREVER, if EVER to learn!!!! So now when or if I send it return reciept requested, it wont get lost in some HAMPSTER hole.

Sorry to ramble.

D1

[LoanModHelpCenter.com]

Dell thank you glad your experience at rest reprt matters so far has been great. I really appreciate update as the process goes on.

I wanted to let public know it will not take 30 minutes for anyone after we gather inputs expect reprt I'n 24-48 hours, i like to under promise over deliver... It was a special cicumstance he got fast tracked because i wanted our first loan safe one to get going!

Get that Report to bank and congressman asap keep us posted!! Make sure you call next day verify they received it.

That guy was "Levi Walker" he's one of managers there and really knows how to make the bank into his puppet he's awesome if I'm not there ask for Levi Dave or Erik.. All 3 Managers that have been I'n game since 2007 helping homeowners. Or just make them take name number and your online forum name!! And they will put it on my desk

[Maurice Bedard]

Charlie,

If you want the most needy, I left a msg for Val4747 to get ahold of you.
She NEEDS help. (and fits Moe's criteria of one of the most needy)

Great, let's hope she responds. Thanks Tryin!

@DELL - Thanks so much for taking the time to respond here in the open with your initial review of the Rest Report. I feel this is important in keeping the results transparent to the community. Thus, anyone else who may be contemplating purchasing the report can make their own educated decision.

[Maurice Bedard]

To Whom It May Concern in the LoanSafe Community:

What I would like to do is get at least 10-15 responses here and then narrow it down based on hardship and of course, ability to pay. That is key everyone. You must be able to shoe the ability to afford your home long term at a decent mortgage rate.

My goal is to narrow it down to 6 or so with Charlie and let his firm pick from a hat. No favorites so there will be no hard feelings and 100% transparency.

[LoanModHelpCenter.com]

Sounds good to me...... I'm excited to get some results out on the WEB its a diffrent animal comparing it to loan mods when you were afraid to tell anyone about your success...That is my favorite part, we can all talk about how good it works or doesnt work for you. 100000000% Transparent.

[DELL1]

Great, let's hope she responds. Thanks Tryin!

@DELL - Thanks so much for taking the time to respond here in the open with your initial review of the Rest Report. I feel this is important in keeping the results transparent to the community. Thus, anyone else who may be contemplating purchasing the report can make their own educated decision.

Thank you Moe. I want to be restrained in my comments as I weigh them against the cost to others. Living thru these very struggles myself I want to do whatever I can to help other members escape the hell we are living through. this report instantly provides many of the answers to the questions we come here for. I believe once we know where we stand we can then begin to formulate plans to take action on what is achievable. If foreclosure is inevitable it is better to accept it and focus our efforts on maximizing that options. If mod is achievable, then we focus there. My heart goes out to everyone stuck in the HAMPSTER WHEEL. It has torn my wife up and I will always hate big banks for that.

Presently, I think running a REST report using just a portion of the money you would otherwise be spending on a mortgage payment is the absolute best first thing one of our members can do.

Feel free to contact me anytime with questions.

D1

[LoanModHelpCenter.com]

Thank you Moe. I want to be restrained in my comments as I weigh them against the cost to others. Living thru these very struggles myself I want to do whatever I can to help other members escape the hell we are living through. this report instantly provides many of the answers to the questions we come here for. I believe once we know where we stand we can then begin to formulate plans to take action on what is achievable. If foreclosure is inevitable it is better to accept it and focus our efforts on maximizing that options. If mod is achievable, then we focus there. My heart goes out to everyone stuck in the HAMPSTER WHEEL. It has torn my wife up and I will always hate big banks for that.

Presently, I think running a REST report using just a portion of the money you would otherwise be spending on a mortgage payment is the absolute best first thing one of our members can do.

Feel free to contact me anytime with questions.

D1

Moe is really busy but i know your on his list to call today. We are spending half the day calling clients who got the REST report within last 3 months and already have loan modified that are waiting to speak with Mr. Bedard as well... we are hard at work busy as hell. This is not a easy thing to monitor this forum the little posts i am now. I have offered as well as my Managers here including LEVI WALKER to help with the forum, so hopefully it will free MOE up a little here and there hes a machine.

[CntrlVllyCA]

What information should one have ready when ordering a REST report?

[CntrlVllyCA]

hmm... yall are assuming the servicer really is looking out for the "investor"s best interest. I've found that many are not. They could really care less about the "investors" because they are only bound by a very vague PSA agreement. They reckon they can collect what fees they can, and if the pool moves to another servicer, so be it. I doubt that the servicers have any sort of direct accountability at this time. So much money is being funneled into treasuries and bond funds... these funds are huge and involve hundreds of thousands of investors. You really think Ginnie Mae even cares what's in the securities?? Bernanke's buying billions worth in some sort of blind faith regarding supply-side economics... not even that but the idea that more leverage is needed to get things running again.

Anyway back on Earth I've seen little sign of the so-called "investors" being involved in any of this. The servicer seems to make all the choices... they throw out that word "investor" when they don't want to be held accountable. If they think they can collect more from you by doing a foreclosure, meanwhile pretending as if they'll help you... stringing you along with "trial payments" and such nonsense, well they'll do it. If they find that the property is either not well insured, or will never sell at auction, they might mod it.

Am I being a bit too cynical here?

Should distressed homeowners disclose to the servicer/bank reasons why the property may not do well at auction? Does the servicer then have to disclose problems with the home if/when they take possession and try to resell it?

[CntrlVllyCA]

I would love to get you a rest report i will use my best judgement and say that moe will call me tomorrow and approve you to be on our rest report matters trial plan.. I hope

Sounds like you have been through the ringer tell your husband never give up, because then they win!!!


Give me a call I'n the morning I'll gather the inputs for your loan it's about 18 inputs we have to gather.

Call leave your name number and forum name.. Moe will be I'n contact with me tomorrow

Can you post what inputs to have ready when calling in?

[LoanModHelpCenter.com]

Moe trusts Martin Mandelman now? How strange...

THIS IS

Charlie Rose not Martin Andelman it is 2011 right? fresh start? New year?

HAPPY NEW YEAR!

[LoanModHelpCenter.com]

Can you post what inputs to have ready when calling in?

That is a great question , and i have a equally good answer for you.

You will need NOTHING at all besides your income documentation to complete your budget. Everything we need has to be so to the day that we will be actually making a call with you and your bank ( a 3-WAY phone call) to gather the 18 or so diffrent inputs, this call is sooooo important because what better place to get the numbers going into the report than from Becky ID#17847189748 .. out of HOUSTON CALL CENTER (The horses mouth). This way when you send in the REST REPORT to your bank, and the servicer says where the hell did you get these NPV inputs? .. we go oh yea about those we got them from YOU!!!....FROM THIS REP THIS ETX #... or ID #, out of this call center.. any more questions?...

I love my job. I hate the banks.

[interesting...]

THIS IS

Charlie Rose not Martin Andelman it is 2011 right? fresh start? New year?

HAPPY NEW YEAR!

Well I guess we all need a fresh start. Good luck to ya. I've always liked that show anyway... just him and the guest(s) and a big round table. No foolin' around.

[LoanModHelpCenter.com]

Check this out: Gotta love it... EVEN ONE WEST BANK!..... they are actually one of the favorite now with the REST report.. CHASE is about the only real bank left being a hard ass...

From: Bui, Quyen [mailto:Quyen.Bui@owb.com]
Sent: Friday, December 3, 2010 10:38 AM
To: joshua
Subject: RE: *****: E-mail to forward to IndyMac

Joshua,

Thank you for the information. This is confirmation that we received the REST report on 11/22/10. In addition, a HAMP trial period plan was sent on 11/24/10 to his mailing address (PO Box 20***). This offer is good till 12/28/10. Please be advised this trial period plan is the first step in order to obtain a permanent HAMP modification. Acceptance and completion of the trial plan does not guaranty a permanent modification. During the trial period, we will review Mr. ***** loan for a possible permanent modification. Please refer to the terms and conditions on the trial period plan for more details and if you have any questions, you may contact 866-362-0108.

Quyen Bui
Associate Analyst
Corporate Customer Experience
OneWest Bank, FSB
Ph: 626-535-2573
Fax: 626-535-4113
Email:quyen.bui@owb.com

I REALLY HOPE...... this information can help someone

[Maurice Bedard]

So, is anyone taking advantage of this or?

[1down1togo]

So, is anyone taking advantage of this or?

I am still interested in this!

[LoanModHelpCenter.com]

I am still interested in this!

PLEASE TELL ME WHO HAS CALLED IN I HAVE REAL NAMES NOT SCREEN NAMES.. lol

I KNOW...

DELL1.. has REST REPORT IN HAND...
BOBBIE1.. REST REPORT HAS BEEN RAN
I have 2 other names i cant put with a screen name

A John called and Annette im calling today...

and of course i will RUN the lady "Val4747" no matter when she calls. Soon as someone gets her in contact with me.

DELL1.. has already done his initial feeling of the REST REPORT...

BOBBI1 from Hawaii.. please do same once you get it in your hot little hands, remember we sent you 2 of them. There is going to be one with your current income, showing why you would not qualify and one with the income needed to qualify, as it tells you WHY..

so you actually have the option to FIX it.. with either room renter, or any other income..that can be proved!... THAT IS THE PROBLEM I HAVE WITH BANKS IF I DON'T QUALIFY TELL ME WHY!.... that is the best part even if you don't qualify it will tell you WHY, and we can tell you before running a report if your income is going to be sufficient for HAMP, FLEX CAP or STEP MOD..... little things help soo much....

[smalltownblues]

THE PROBLEM I HAVE WITH BANKS IF I DONT QUALIFY TELL ME WHY!.... that is the best part even if you dont qualify it will tell you WHY, and we can tell you before running a report if your income is going to be sufficent for HAMP, FLEX CAP or STEP MOD.....

Charlie Rose
Do you provide a FULL refund if a paying customer does not qualify ? If not, how much are you charging those that don't qualify ? Do you offer a FULL refund to those that do qualify but still can't get a mod with the REST ?

Just being the money conscience consumer that I am. And to be honest, I really hope this can help people.

---- Underwater | Kwai Chang Caine +++
---------- HAMP | Honda MC +++++++++++
--------- Banks | Family & Friends +++
--- Foreclosure | REST ???????????????

[DELL1]

Moe, perusing the threads and latest posts I see quite a few people who I genuinely believe would truly benefit by having a rest report done. Notwithstanding some of the gems we recieved via the 3 way call with my servicer ie, investor name and file #, the report bring crystal clarity to anyones situation by tying together the NPV and income qualifying tools. And the killer thing about what Charlie is pointing out above someone new to the HAMPster wheel has the oppurtunity to see what they will look like on paper from the banks eyes PRIOR to submitting their initial application. That means if you find your income is short or expenses too high you have an oppurtunity to do something about them in advance of submittal.

Thing is I don't want to come off like a guy pumping this thing and get attacked by skeptics. I'm just here to find help, learn, and maybe help a few people in return. I saw it as the killer deal it is and I jumped on it. I hope others can overcome their FUD (fear, uncertainty, doubt) and use this tool to save time and pulled out hair.

[smalltownblues]

Check this out: Gotta love it... EVEN ONE WEST BANK!..... they are actually one of the favorite now with the REST report.. CHASE is about the only real bank left being a hard ass...

From: Bui, Quyen [mailto:Quyen.Bui@owb.com]
Sent: Friday, December 3, 2010 10:38 AM
To: joshua
Subject: RE: *****: E-mail to forward to IndyMac

Joshua,

Thank you for the information. This is confirmation that we received the REST report on 11/22/10. In addition, a HAMP trial period plan was sent on 11/24/10 to his mailing address (PO Box 20***). This offer is good till 12/28/10. Please be advised this trial period plan is the first step in order to obtain a permanent HAMP modification. Acceptance and completion of the trial plan does not guaranty a permanent modification. During the trial period, we will review Mr. ***** loan for a possible permanent modification. Please refer to the terms and conditions on the trial period plan for more details and if you have any questions, you may contact 866-362-0108.

Quyen Bui
Associate Analyst Corporate Customer Experience OneWest Bank, FSB Ph: 626-535-2573 Fax: 626-535-4113 Email:quyen.bui@owb.com

I REALLY HOPE...... this information can help someone

So the homeowner got approved for trial payments with the REST Report. I have not applied for HAMP myself and don't claim to know much about how the program works. BUT from what I have read here in these forums is that people continue to be strung along after getting approved for trial payments. Is there some type of guarantee the REST report will improve the chances of a mod in these situations ?

[LoanModHelpCenter.com]

Do you provide a FULL refund if a paying customer does not qualify ? If not, how much are you charging those that don't qualify ? Do you offer a FULL refund to those that do qualify but still can't get a mod with the REST ?

Just being the money conscience consumer that I am. And to be honest, I really hope this can help people.

FONT]

Great question and i appreciate a Money consience person. If time is money it pays for itself regardless... The feeling of uncertainity and 8-12 months later to find out you may or may not qualify is killing people literally. TIME = MONEY....

As far as a refund, we do not give a refund for the simple fact that you are purchasing a REPORT about you and YOUR situation. If the outcome was showing that you did not qualify it will tell you WHY!... and 9 outa 10 times you can make the income needed as its usually off by 300-400 $, and that will make or break the deal.

I think of it as a Specific REPORT ABOUT YOU.. like say a CREDIT REPORT, or buying a book.... You cant look at the results then get a refund... the cost for the REST REPORT really pays for itself it includes 7 AVM.. not ZILLOW, CYBER HOMES or anything like that that is a JOKE... but actual AVM 7 of them and it must have a confidence score of 82 or above to be used...

For this FORUM, we will let you know before running a actual REPORT if your income is close... We dont want anyone un happy.

Read what DELL1 said, just knowing in 24-48 hours if you qualify should be worth the money you are paying..Or rather the time you are wasting to play a blind game of poker with the bank...

Pin the tail on the donkey is the best:

Right now borrowers are playing PIN THE TAIL ON THE DONKEY ( all spun around, with a blind fold on) and it makes it rather hard to get that pin in the donkey RIGHT?

Imagine playing that game without being spun around, and without a blind fold... That game becomes really easy now right?

THE REST REPORT REMOVES THE BLIND FOLD, and allows you to see what you qualify for in 24-48 hours not 8-12 months...

Most people wouldnt even care if they didint qualify if they knew ahead of time and could save all that money..and dont have the worry of hey i may or may not qualify.. You can start making plans to leave, and strategic Default becomes your new game ....Remeber i tell people this all the time when your talking about a report that is really what a fraction of the cost of an attorney... and even the best Attorneys are taking what 6-12 months to modify a loan?

OH AND IF YOU DO GET YOUR REST REPORT AND IT SHOWS YOU QUALIFY FOR HAMP, AND THEY STILL DECIDE TO NOT MODIFY, HECK NO YOU DONT GET A REFUND YOU GET TO SUE THE BANK!!.... YOU CAN PUSH BACK AS HARD AS YOU WANT THE JUDGES HAVE ALREADY USED THE REST REPORT IN COURT....IF THIS REPORT SHOWS YOU QUALIFY FOR HAMP AND THE INVESTOR COMES OUT ON TOP BY MODIFYING YOUR LOAN.... ITS GOING TO MODIFIED... problem is servicers make 3-4x more foreclosing so untill you provide somethign showing you know whats really going on, they will continue to foreclose there is nothing saying otherwise, if you do not present them with such a REPORT that shows you know whats going on.. AND YOU KNOW WHAT YOU SHOULD KNOW!.....

look at the other options.

Say you do have to move:...everyone seems to forget these key factors...

1. COST OF RENT NEW PLACE (plus 2 months deposit due to bad credit) lets say 1000 rent coservative as i can be. So we are at 3k
2. Moving TRUCK... 69$ a day with 250$ deposit
3. Movers ( beer, food maybe some money)
4. BOXES, TAPE, PACKING SUPPLIES.

IT REALLY BECOMES A NO BRAINER..... right?

My signature still not working...MOE!

[Maurice Bedard]

@DELL - I agree. There just doesn't seem to be enough interest here just yet. I have only seen some luke warm responses here.

@Interesting - Martin Andelman is still not one of my favorite people, but if this works, then I am open to letting the community know about it. That way everyone can form their own opinions without me controlling information over who I do and do not care for. He is an alright dude, he just steals some of my blogging material from back in the day with his own spin and then acts as if its original. It's all good because we both laughed about it since he just flat out told me when he came and visited me one day.

But in the end, this is all your community and I am just the head moderator. My goal is for you all to make your own educated decisions.

[LoanModHelpCenter.com]

Charlie Rose
So the homeowner got approved for trial payments with the REST Report. I have not applied for HAMP myself and don't claim to know much about how the program works. BUT from what I have read here in these forums is that people continue to be strung along after getting approved for trial payments. Is there some type of guarantee the REST report will improve the chances of a mod in these situations ?

You will love my answer if what you have right now VS. the bank....is 0(nothing) I can GUARNTEE IT WORKS BETTER THAN THAT.....

It will always work better than nothing, i guarntee that it shows the servicer that is in the best intrest of the investor to modify the loan, and not just for HAMP, BUT FLEX, STEP, and CAP MOD.... IT WILL ALWAYS FOR SURE IMROVE THE CHANCES OF GETTING A MODIFICATION.... YES.

AND YES THIS IS A TRIAL FROM ONE WEST... but i have not seen any trials with the rest not go perm (YET).... if they do we will push back with every mind in the industry to find out why..

[Maurice Bedard]

What do you mean your signature is not working? I see it fine.

If you need to edit it, go into "Check My Stuff" and to the left is a tool bar that allows you to edit various features on your profile. You may want to tone down on the CAPS sir. Some people will misconstrue this as shouting at them and may take offense. I have been at this blogging and forum thing for a long time my friend. Just some 2 cent advice.....

[CntrlVllyCA]

[QUOTE=Charlie Rose;309219]PLEASE TELL ME WHO HAS CALLED IN I HAVE REAL NAMES NOT SCREEN NAMES.. lol

I KNOW...

DELL1.. has REST REPORT IN HAND...
BOBBIE1.. REST REPORT HAS BEEN RAN
I have 2 other names i cant put with a screen name

A John called and Annette im calling today...

and of course i will RUN the lady "Val4747" no matter when she calls. Soon as someone gets her in contact with me.

DELL1.. has already done his initial feeling of the REST REPORT...

[val4747]

Hello this is Val4747 Valerie OConnor here on Renton WA. I have called but the phone just keeps ringing. Maybe I am doing something wrong.

Well here is the latest. My atg of wa office liaison has been working on my case with me trying to get through the quagmire. The latest of what Chase is asking for is documents they say they do not have or the documents not filled out correctly.

Such as I have continued to tell Chase and notated on the documents information packet that they have you fill that I do not have HOA. The latest is they want a letter stating how, where, why on something that doesn't exsist. I continual to tell them they should be the ones that provide me with this Phantom HOA Association that I don't have and if I do have an HOA, you better tell them they haven't collected in 64 years.

Second on the information packet they have a place to fill in your debits, credits. You know the list. All filled in. But, they want a separate sheet of paper from me all filled out exactly the same info that I have on the packet.

In the last 3 months I have 5 new RMs that are constantly changing. They all say different things about the documentation. Now mind you I have been at this since Jan of 09. Asking for a loan modification. I was dual tracked in other words when I defaulted at their request in order to get a modification they said that it is under review while filing the foreclosure and sale.

I had to file a bk 13 in order to protect the house. But, that story is very long too. My attorneys failed me. Chase got the motion to lift stay. Chase refused to except oringinal note payment in the bk plan. So because we are a non judicial state and anything goes here the banks love these states because they do not have to go to court in front of a judge and I as the constituent of the state don't get any say. If your attorney has bank business with the same bank your in real trouble.

Its funny how Chase could get a hold of me and call and tell me I am in bk and they can't talk to me. When I got out of the bk they called immediately and said you are no longer in bk. I told them at that point no your (Chase) not in the bk anymore I was still there at that time.

So ATG and my congressmans office is working pretty closely with me. They are seeing all e-mails, pdf files etc that I send Chase. They just cannot believe what they are seeing.

Now as far as my home. I live in the rural unincorporated King County. I have a 1 bedroom bungalow 3/4 bathroom that my WWII husband built in 1946. Chase can't even get the paper work right on the description of the home. They state its a 3 bedroom 1 bath. So when it goes to sale Jan 28th they will be misrepesenting those facts as well. The other misrepresentation is this was a WAMU loan serviced by them. Neither WAMU or CHASE own the note. Freddie Mac supposedly owns it but I don't think they do because I have asked them to send copy of note and its falling on deaf ears.

My home was appraised at 360,000.00 back in 2007. I got my loan for 225,000.00 So yes it looked like I had alot of equity but the appraisal was wrong. Now the assesment is 180,000.00 value about 10,000.00 above that and my loan balance is climbing above 260,000.00. Any person with a half a brain could see this would be costly to the bank to not give me a modification.

My financials are quite easy. I have a state and fed pension. SSDI. and I work part time. My income is 4600.00 amonth period.

My mortgage was or is or whatever 1505.00 not including insurance.
My car payment is 360.00 a month
These are secured creditors.

No credit cards.

Just normal food,gas, dog food heating, lights, water bill.

My name is Valerie O'Connor
valerie.oconnor@gmail.com

I have more to tell but in the last few weeks I have been very uptight with Chase. So every once in a while I have to take a breather.

My home goes to auction Jan 28th.