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A Word from Martin Andelman, Mandelman Matters

"...when you submit a REST Report to your lender or servicer, they don’t just receive information about you, they also receive an analysis of the financial impact to investors of the alternatives to foreclosure compared with the cost of foreclosing on your property. We, at Mandelman Matters, believe the REST Report will continue to prove itself a “game changer,” when it comes to obtaining a loan modification, and it is our goal to let every homeowner in this country know that they can do more than send in an application, paycheck stubs, and a hardship letter when trying to get their lender or servicer to agree to modify their loan."

Judge Tells Wells Fargo to Read & Heed REST Report

"I have had a great result with the REST Report that I wanted to tell you about. I work for an Attorney in New York, today the Attorney had to go to a Foreclosure summons meeting at the courts with the Attorney for Wells Fargo. The courts were so impressed with the REST Report that the judge actually told the Attorney for Wells Fargo that there is no reason why the loan modification could not be completed in 30 days, as the REST Report has clearly shown that there are several scenarios in which it is better to modify the loan then to foreclose on the property. Thank you for giving me access to the REST Report. Sam" (Last name withheld here, but she may be willing to speak with others about her use of the report off-line.)
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What About the Hardship Letter

Many homeowners mistakenly believe that their hardship letter is the key to getting a loan modification from their lender. And while we're not saying that banks, lenders and servicers aren't compassionate (and we aren't saying that they are), the reality is that the hardship letter is only one piece of the puzzle. Yes, you must have a verifiable hardship in order to even be considered eligible for a home loan modification. And yes, that hardship must involve a reduction in pay, full or partial job loss, death of the primary borrower or close family member, a serious medical issue, a divorce, or a pending interest rate reset, which has or will impact your ability to pay your mortgage. That said, they will still look at the financial details. Armed with a hardship letter and the REST Report you can show that despite your challenges, it makes dollars and sense for them to alter the terms of your loan.

Credit Counseling Info

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Homeowner Checklist


To get your REST Report you first need to gather the following documents. This will ensure you are ready to provide us with accurate information for the REST Software Platform.

  • Your Mortgage Note or Promissory Note (The HUD-1 Form from your loan documents.)
  • A copy of your Current Mortgage Payment Statement
  • Any notices you have received from your lender, if applicable, including any Notice of Default, Foreclosure Notice, or Pending Sale Date Notice
  • A copy of your Property Insurance Bill (this may be your Homeowners Insurance bill)
  • A copy of your Property Tax Bill
  • Proof of All Income (Current pay stubs covering the most current 30-day payroll period, 1099′s and/or Year-to-Date Profit & Loss statement)
  • Your monthly budget for all bills (i.e., auto, food, utilities, medical, phone etc.)
  • Rental Agreements (any property or room rental agreements, if applicable)
  • Borrowers’ current FICO Score – Go to FICO® Score & Credit Report to get your scores; provide the middle score

If you have any questions, or need help getting any of the required information, please don’t hesitate to call us for help at (714) 323-6232 or contact us, and we’ll help you get the answers you need from your lender or servicer.

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