From the monthly archives:

August 2007

FHA Secure

by Moe Bedard

It’s been all over the news and I’m sure everyone has been talking about President Bush’s speech today. He laid out plans for aid and laid the foundation for the FHA Secure Loan that will be rolled out to approximately 80,000 homeowners shortly. I yawned as I turned the channel to watch something a little more interesting and [...]

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Foreclosure Prevention Services

by Moe Bedard

I wanted to let my readers know that the foreclosure prevention services forum is up and going strong at www.LoanModification.org. I have helped many people and am still assiting borrowers for “FREE” who need help with a loan modification to stop foreclosure. All you have to do is post your story and I will assist [...]

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Wall Street Needs to Modify Their Attitude Towards Loan Modifications

by Moe Bedard

We are now in the midst of one of the biggest cluster f*%! that this great country has ever been entangled in. Wall Street movers and shakers are practicing their “everything will be alright” smiles to mask their frightened reality and shaking knees. They say, “Yeah, the mortgage market is crap, I know you lost your [...]

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Senator Charles Schumer is Pressing the Big 4 for Loan Modifications

by Moe Bedard

Senator Charles Schumer sent a letter to the large accounting firms, asking them to educate lenders about the newly understood flexibility of FAS 140 in regards to the loan modification issues and concerns lenders and servicers have expressed to the SEC. This was just one month after Securities and Exchange Commission chairman Christopher Cox made the announcement more [...]

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The Answers to Our Country’s Housing Crisis

by Moe Bedard

This going back and forth is getting old. Everyone and their mother has views about what went wrong with lenders, the mortgage market and the current housing crisis. Yes, I am guilty too. I have been playing in the mud with fellow bloggers and journalists. My mind has been cancer exposed to radiation from all of the toxic news [...]

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Attention Congress, Mr. President, American Homeowners Need Your Help!

by Moe Bedard

A Washington Post article came out today and arrived in my email inbox this morning. It caught my eye because of the title, “Why We Need a Housing Rescue“, by William H. Gross. The writer is founder and chief investment officer of PIMCO, the world’s largest bond mutual fund. This column was adapted from his September [...]

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Have You Visited LoanSafe.org Yet?

by Moe Bedard

If not then you should check out my new forum that’s up and running at LoanSafe.org. A free forum for people facing foreclosure and for non-profit to post information and communicate amongst each other.
Get FREE foreclosure help loan modification loan modification predatory lending mobile home loans
home loans countrywide home loans option one mortgage chase mortgage [...]

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Countrywide is Ripping Off Their Investors and Foreclosing on Good People

by Moe Bedard

There seems to be so much confusion between Wall Street, the SEC, congress, media, non-profits and homeowners lately in regards to loan workouts and loan modifications. It appears that there is absolutely no clear and concise rule or procedures on how these can be done and who qualifies. It’s as if the formula for approving a loan modification is [...]

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Countrywide Hope Department Blues

by Moe Bedard

I would say that 90% of the calls and emails that I receive are from people that are having trouble in dealing with Countrywide’s HOPE Department. All I can say is that I understand exactly where they are coming from. If you need a loan modification, then be ready for a merry go round ride.
Countrywide [...]

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Home Loan Failure in the US Will Turn Into a World Economic Crisis

by Moe Bedard

We are in the midst of one the biggest business model failures in our nation’s history. The snake oil subprime business was great over the last few years and up until about 6 months ago, you could find this cure all medicine at about every corner in America. This snake oil can’t be found and production [...]

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Will Further Rate Cuts or Massive Loan Modifications Fix This Foreclosure Mess?

by Moe Bedard

Ben Bernake, the Federal Reserve Chairman cut 50 basis points (one-half a percentage point) off of its discount rate — the rate it charges banks to borrow federal funds — from 6.25 percent down to 5.75 percent. The Fed has also pumped billions of dollars into the nation’s economy in the past week and is [...]

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Loan Workouts, Not Bailouts!

by Moe Bedard

I just read an article from Paul Krugman of the New York Times and I wanted to share it with my readers. I track all the news coming out daily in regards to the mortgage and housing crisis. Daily, all I hear is reports of forclosures up in Denver, Co., Stockton, Ca., etc. The reports [...]

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Ken Rosen Says Massive Loan Modifications are What’s Needed to Save America

by Moe Bedard

Ken Rosen of Rosen Consulting, hedge fund manager and real estate expert was recently on Market Watch and the title of the video clip was “Time for Loan Mitigation.” (You can click on the link to the left to view it) Mr. Rosen calls for a massive loan mitigation efforts and for congress to step in and [...]

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Predatory Lending Advice and Tips

by Moe Bedard

Predatory lending will be the new buzz word along with loan modifications over the next few years as more and more homeowners realise the laws that protect them. So I wanted to touch on what you can do to stop foreclosure if you are the victim of predatory lending.
Examples of Predatory Lending Practices from the [...]

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LoanSafe.org Stop Foreclosure Forum

by Moe Bedard

I just wanted to keep my stop foreclosure forum in front of people. If you are a homeowner that is late on their mortgage, need a loan modification, loan workout, repayment plan, short sale or anything, then just visit my forum and tell your story and I will help you for FREE!
www.LoanSafe.org the place where [...]

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ASF Issues Guidelines for Loan Modifications. Is Anyone Listening?

by Moe Bedard

Back in June the American Securitization Forum (ASF) issued a statement of principles, recommendations and guidelines for the modification of subprime residential mortgage loans that are included in a securitization. This statement was put in place to help guide servicers and to establish some sort of structure and protocol of loan modification provisions that are included in securitization governing [...]

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Exclusive interview transcript with CNBC’s Maria Bartiromo, Countrywide CEO Angelo Mozilo

by Moe Bedard

The following is the unofficial transcript of a CNBC exclusive interview with Countrywide CEO Angelo Mozilo on CNBC’s “The Call” from early 2007. All references must be sourced to CNBC.
In an exclusive interview with CNBC’s Maria Bartiromo, Countrywide CEO Angelo Mozilo discusses Bank of America’s $2 billion investment in Countrywide, problems in the mortgage [...]

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Does Wall Street Have Any Idea That Loan Modification’s Are the Key to Saving Their Investments?

by Moe Bedard

As I sit in my home over looking the hills of Corona, California, I ponder as I think about the suits on Wall Street. Do they know that there is a solution to this mortgage crisis and if everyone would just get their act together and work together, then we all can curb losses and thousands of [...]

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Want Out of Your ARM Mortgage? How About a Loan Modification?

by Moe Bedard

If you can’t refinance and your ARM mortgage is adjusting or about to and you can’t afford the new payments then it’s time to apply for a loan modification. Especially if you want to avoid foreclosure.
Many people are unaware of what a loan modification is and if they are eligible for one.
The facts are that [...]

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LoanModification.org/Forum – New Forum for People That Want to Avoid Foreclosure is Up and Running

by Moe Bedard

My new forum at www.LoanModification.org/forum was set up over the weekend and I people are starting to join the community and share their stories. The forum’s concept is to have a safe place/community that the American people can go to and get help when they are facing foreclosure.
Most everyone wants to save their home [...]

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Senator Hillary Clinton Proposes a 1 Billion Dollar Fund to Help People Facing Foreclosure

by Moe Bedard

Senator Hillary Clinton has proposed a new bill to help the American people that are facing foreclosure. She will seek the establishment of a $1 billion fund to help the states help borrowers who are in danger of foreclosure. There are different types of programs that the states have available. Some have programs that will [...]

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LoanModification.org Forum is Now Taking Registrations

by Moe Bedard

I would like to apologize to my readers that tried to register at my new forum at www.LoanModification.org/forum. Apparently I had the new registrant mode turned off so no one could sign up. I relieved a few emails alerting me to this and I appreciate that.
So now the forum is ready for people to sign [...]

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Would You Like a Free Loan Modification Handled By an Expert for Free?

by Moe Bedard

I announced earlier that I just started a forum at www.savingthedream.org/forum to help people stop foreclosure. I also have mentioned that I am offering my services as an expert negotiator for FREE. All I ask is that you join my forum and post our story. That’s it!
Do you need a loan modification? Then help pay me [...]

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Free Stop Foreclosure Forum is up at LoanSafe.org (Now SavingtheDream.org)

by Moe Bedard

I have finally started my new website at www.LoanSafe.org. (NOW www.SavingtheDream.org) It will be a free forum for homeowners to get legitimate and safe tips to stop foreclosure. The website is built around “PAYING IT FORWARD“.
It’s in it’s infancy stage but I am working on getting content in there and I need people to help [...]

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Can a Mortgage Professional be a Victim of Predatory Lending? The Answer Will Suprise You!

by Moe Bedard

Don’t think for one second that predatory lending just affects lower income and minority borrowers. It affects everyone and no one is immune from the scammers and fraudsters. Even an industry professional who is an account executive for Chase Bank can become a victim.
As I mentioned in earlier posts. I founded this website for the [...]

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Massive Loan Modifications Predicted to Help Solve the Foreclosure Crisis

by Moe Bedard

I have been following the foreclosure crisis very carefully. It’s a full time job for me now. Researching, writing and developing websites for my various projects. I probably read up to 50 plus articles per day trying to find the latest news and also tips to help my blog readers avoid foreclosure.
All my research and [...]

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Tim From Georgia Avoids Foreclosure With My Website

by Moe Bedard

I have been writing a lot about the phone calls I have been getting. I think it’s because I actually like to talk to people and counsel them and maybe give them some free foreclosure help advice on how to obtain a loan modification . I’m not a lawyer or some big business guy. I’m a [...]

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Predatory Lending Touches Everyone

by Moe Bedard

There seems to be a misconception that predatory lending only touches the lower income and minority communities of America. I’m here to tell you that it touches everyone and anyone can become a victim. It doesn’t matter if you have a $50,000 mortgage or a $3 million dollar mortgage. You can become a victim and there [...]

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Stop Foreclosure With Option One – Mariana From Illinois= Sad Story

by Moe Bedard

Just received a call from Mariana from Illinois and she is trying to avoid foreclosure and save her home. She needed help and she has been getting the run around from Option One mortgage since April.
She was concerned because their loss mitigation department had just called after all this time and that they will work [...]

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Another Stop Foreclosure Story and Another Victim of the Subprime Debacle

by Moe Bedard

Operating this blog has given me the opportunity to reach out to people everywhere and it feels good to hear from people who take the time and trust me enough to ask for advice. As you can tell this blog has no advertising and I don’t push my services on people. I truly want to [...]

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Another Victim of Predatory Lending

by Moe Bedard

I have made a couple of posts lately in regards to predatory lending lately and the calls I have been getting have been quite disturbing to say the least.
I spoke with an elderly client last night who has a home in Northern California and has owned it for over 20 years. Apparently just this last year [...]

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Loan Modification News

by Moe Bedard

Good news on the loan modification home front. Looks like more lenders seem to be easier to work with now and I am getting a lot further for my clients then I was in the past.
Yesterday I had 3 loan workouts approved for clients that were trying to avoid foreclosure and I am working on another 10 [...]

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Foreclosure Relief to New Yorkers!

by Moe Bedard

I just received some great news from one of my readers. Her name is Stephanie and I would like to say thank you and I hope she helps out more. I believe she works with a non-profit HUD approved Housing Counseling Agency and works with people who are trying to avoid foreclosure.
I encourage anyone else that has valuable [...]

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Are You the Victim of Predatory Lending?

by Moe Bedard

Many people that I talk to are not aware of the laws that protect them against predatory lending. It’s one of the strongest defenses to avoid foreclosure and you can actually live in your home payment free until your case is resolved.
This is not bankruptcy but a federal lawsuit justifying the placement of a Lis [...]

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Do You Know the Foreclosure Laws in Your State?

by Moe Bedard

How much time do you have to avoid foreclosure?
Every state has it’s own foreclosure laws and keeping track can be confusing. Especially for a homeowner that is just trying to get information to save tier home. Many don’t have money to pay for a lawyer, let alone the mortgage payment.
For instance did you know that [...]

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Foreclosure Prevention Service Scams: Beware!

by Moe Bedard

I wanted to let my readers know that there are a lot of foreclosure prevention service scams being perpetuated across the nation and that people need to be educated about the process and also who to go to for help.
A recent article in the Business Journal explained a scam where a guy would set up [...]

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Countrywide’s Borrowers Need Help!

by Moe Bedard

It’s no wonder that Countrywide Home Loans has the most amount of people that are searching my website for help.
I can track which entries get the most hits on my blog and they are topping the list by far. I am getting many calls a day now and also comment from people that are trying [...]

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The People and Faces of Foreclosure

by Moe Bedard

Operating this website is not the easiest thing to do. You have to promote it. Write content. Get links. Play the Google game and try to get it ranking higher so I can reach more people and help them stop foreclosure.
When I get frustrated and believe me I do, I think about all the people [...]

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When is This Madness Going to End?

by Moe Bedard

The American people are in a fog in regards to what’s really going on in the real estate and mortgage markets. I truly do not think that many people have a clue how bad it is and what it will do to our economy.
I’m a psoitive guy. I try to look at the good things and [...]

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Can’t Refinance? How About a Loan Modification?

by Moe Bedard

It’s no secret the people across the nation are stuck in their ARM mortgages and can’t refinance. I talk and converse with these people every day. Many are just trying to avoid foreclosure and save their home. But many are losing the battle daily and the need mortgage help right away..
There has been a lot [...]

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Loan Modification News

by Moe Bedard

Those seeking a loan modification on their mortgage to avoid foreclosure are in for a wild ride when dealing with their lender.
We are in the midst of one of the worst mortgage and real estate markets in years. No one really knows what’s going to happen and the exact implications of the wild wild west [...]

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News for People Who Have HSBC as a Lender

by Moe Bedard

I subscribe to various news alerts through Google and this one just came in. It’s an article in Forbes and an interesting one at that.
Apparently they are aggressively calling clients who are in an ARM loan that may be at risk of mortgage default when it adjusts.
Here is a quote for that article.
” The bank [...]

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Avoid Foreclosure With Moe. Ask Me Any Questions and I will Help For Free!!!

by Moe Bedard

I have been getting a lot of traffic to my new blog and also calls and emails. It feels great that only after less then a month, my message is getting to people who are trying avoid foreclosure and save their home.
I want to keep my website free and open to everyone who needs help. [...]

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Is Your Home in Foreclosure?

by Moe Bedard

If your home is in foreclosure then you need to know the facts and you need to start taking action now!Time is against you and I’m sure you know that. That’s why your on the intent looking at your options and getting educated on what the best thing it is to do. I just caution you [...]

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Avoiding Foreclosure With a Short Sale

by Moe Bedard

Avoiding foreclosure with a short sale is starting to become very common. With the surge of delinquencies and defaults coupled with properties that are maxed out on loan to value have left lenders little options. It only makes sense to work with people and not foreclose on them.
A short sale is when the lender will accept [...]

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