REST Might be the Key to Saving Your Home From Foreclosure, California Attorney Tim McFarlin Is Ready To Help
IRVINE, CA (AttorneyNewswire.com) — June 1, 2010 — For homeowners facing foreclosure, a little known computer software program may be the key to saving their home. The reason why most consumers have never heard of the REST software platform is because it is a type of program that is only sold to banks and other lending institutions with thousands of loans that need to be analysis faster than human analysts can provide. By inputting a few key pieces of information into the REST program, a lender is able to see a carefully calculated prediction of consequences that various actions might produce, including but not limited to, the approval of a loan modification or letting a home fall into foreclosure.
Timothy McFarlin, an who practices real estate and foreclosure law in Irvine, CA knows firsthand how a REST report can help those fighting foreclosure. “Lenders,” he says, “are all about dollars and cents. Borrowers can beg and plead until they are blue in the face, but the stone cold fact of the matter is that unless a lender thinks that a loan modification is going to save or make them money in the end, convincing one to approve a modification can be next to impossible. If a homeowner is able to provide their lender with a REST report that details the benefit of approving a loan modification, the chance of their application being approved increases enormously.”
McFarlin goes on to explain that a REST report, in most cases, is not voluntarily generated by the lender because of the costs involved, and few homeowners even know that they can request such a report through their lender.
About McFarlin & Geurts:
McFarlin & Geurts LLP is a full service law firm representing both businesses and consumers in California and throughout the United States. McFarlin & Geurts attorneys possess a keen sense of the law and markets, along with an astute business background that is invaluable in bankruptcy and business litigation. The McFarlin & Geurts team includes five leading attorneys and supporting staff to assure clients that their needs are placed at the forefront of any engagement. Legal representation and counseling is critical in our complex modern world, and McFarlin & Geurts is driven by a desire for excellence and commitment to provide quality, personalized service with integrity.
Media Contact:
Talien Barsamian
(888) 728-0044
To learn more about services offered by McFarlin & Geurts Law Firm, visit www.McFarlinLaw.com.
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