Contact Loan Safe Solutions or Moe Bedard
Loan Safe Solutions Inc.
Phone (951) 531-0148 Monday-Friday 8:30 am-7 pm Saturdays 9 am-3 pm
Mailing & Office: 1325 Corona Pointe Court Suite #105 Corona, California 92879
Loan Safe Solutions does not perform foreclosure prevention, loss mitigation or loan modification services directly to consumers. We offer mortgage auditing, loan modification/short sale processing and the most complete loss mitigation back end support for attorneys only.
Popularity: 2% [?]
I just got an ad from wamu for a new credit card. what the hell does that signify? 
WAMU failed and they still haven’t dealt with my application. My interest rate jumped and so did my mortgage by ... 
sincitykim - FDIC is handling the workouts for Indymac. You might talk to someone there, they've reported helping over ...
Mar 1st, 2008 at 11:57 am
[...] You can email me here Moe at LoanSafe.org or use this contact form [...]
Mar 1st, 2008 at 1:33 pm
Moe,
I appreciate guys like you who are going to bat for people likeme stuck in pay option arm loans. Thank you for the tips offered through your website. I find them to be very helpful.
Thanks,
Sue Nenadov
Mar 1st, 2008 at 2:41 pm
You’re welcome Sue!
An informed consumer is an educated consumer. Kudos to you for taking the time to “learn” how to fight these banks.
Mar 18th, 2008 at 11:40 am
I am writing you on behalf of an Escondido, California woman who presently has a variable rate first loan with Countrywide, and a second with Key Bank.
She has successfully avoided foreclosure, but has filed a chapter 7 BK, now discharged. Prior to the dismissal, her BK attorney had issued her a statement, allowing her mortgage lender(s) to enter into discussions with her on doing an internal refi.
She is paying negative interest, and is very concerned that she will lose control, unless she obtains a low interest fixed rate loan, which she feels her income may qualify her for.
Can you or another of your colleagues, whom you may recommend, help her renegotiate with Countrywide? We know the gov’t is urging lenders to assist borrowers keep their homes, and some lenders, we hear, are even reducing principals, so this is obviously a good time to at least try to reason with lenders. Please advise.
Thank you
Michael King
Email: mw_king@hotmail.com
(760) 533-1885 Cell
Apr 29th, 2008 at 10:01 am
Thank you, guys, you are doing a really great job, educating people and giving us all this information, so so helpful, we will continue staying with you and God Bless You!
May 5th, 2008 at 6:22 pm
would like someone to contact me 760-470-6664 cell or home no is 760-433-3654
May 22nd, 2008 at 1:58 pm
I am always reading about the large amount of homes that are being lost here in the US and differant Groups who are working to help people save their homes.I run a cellphone recycling business and I help Groups recycle cellphones to raise funds.I wanted to see if there are any Groups here in the US who are looking for ways to raise funds to run their programs.I would like to help.If you are a Group that helps people save their homes and would like to do a cellphone recycle drive to raise funds for your program please feel free to get in contact with me.I would be glad to help.
May 22nd, 2008 at 4:19 pm
Hello,
I would like to get some help with my loan modification efforts with Countrywide I have a 9.8% rate with a $4,000.00 a month payment in Ontario, California
HELP!!!!!!!!!
Jun 17th, 2008 at 1:30 pm
ITHANK YOU TREVOR MERCHANT
Jul 8th, 2008 at 2:41 pm
Moe,
Two questions please:
1. How can I find out if a loan modification specialist is legit? My daughter has gotten an unsolicited email from one that would charge $ 3500. up front, but only offered a $ 1000 refund if they couldn’t get the mod. Sounds fishy to me.
2. If the home is worth less than loan amounts, but both first and second are current, what are the odds of getting a loan mod to reduce the interest rate?
Thanks,
jd
Jul 31st, 2008 at 9:56 am
Moe,
I just read your May 1, 2008 article on Bank of America and it have me a ray of hope. I would greatly appreciate if you would tell me where to start to get the help I need.
I have a loan which was transferred to Countrywide as the servicer. I am a 67 year old man with diabetes and I just underwent open heart surgery and I am suffering from a long term infection in my blood. My loan recently went to foreclosure, though I have not gotten the papers yet. I have been trying to get Countrywide to help by giving me a forbearance, but they have been very difficult to deal with and they are insisting that they will foreclose on my home and there is nothing they can do about it.
Will it help if I try to contact Bank of America directly? If they have already started all of these new programs, how can I get into one of them so I can save my home? Who should I write to who may be able to help me?
I thank you so much for any help you could give.
Jeff Reisner
Aug 7th, 2008 at 7:40 pm
Moe,
Good article! Many of these loans were made and “frozen” based on AVM’s and NOT on “appraisals”. Hmmm, I didn’t see anything about AVM’s in the FDIC statututes.
SLB
Sep 22nd, 2008 at 11:16 am
I am trying to help someone with a loan modification with Chase Mortgage. However because the borrower is not delinquent yet with her mortgage payments, Chase won’t even consider a loan modification. I tried explaining that she will be delinquent soon on her payments and wanted to do a loan modification before her credit is adversely affected. He said to re-finance, but she has negative equity and won’t be able to. How do I get them to work with me to do a loan mod before she’s delinquent? Isn’t this counter-productive for everyone involved? Please help….
Sep 22nd, 2008 at 10:16 pm
I have the exact same problem. I felt like you were writing from my head! Some say you won’t get them to listen until you begin to make late payments. I hope that does not happen. This is my first time to this site. I guess I’ll keep checking back to see if there is a solution to our problem. Good Luck!
Oct 4th, 2008 at 10:17 am
I came across this forum while surfing the net for solutions to my problems concerning the bad dealings, and practices with Americas Servicing Company (ASC). I’m getting nowhere fast, and could be in forclosure shortly. Are there any others here that are going through the same as I?
ASC, Wells Fargo, and EMC all seem to be in this together, and also seem to be more interested in getting your home back, than helping you to keep it. Why is that? Are there any class action lawsuits in the making? Is there a way to “Force” these crooks to comply to my request which is a reasonable one? Where is their weakest link?
I’ve read hundreds of horror stories about these financial clowns, and regretfully must admit, I’m one of the many who are about to lose their home. I will leave my cell number, and email address so you can reply directly to me with answers to the above. Thanks.
Contact: Jeff Taylor / San Clemente, CA / 949-395-7376 / classicdad@cox.net
Oct 4th, 2008 at 5:03 pm
I’m a little confused about all these mortgage modification programs. I have Indymac as my mortgage company, they wouldn’t discuss any payment reduction options with me. I have been in my home for 2 1/2 years, have never paid a day late, but they don’t care. And people need to realize this isn’t the homeowners fault. Yeah there were quite a few people who got in over their heads and have foreclosed. Which in turn mdae my homes value drop over $200,000 in value in less than 6 months. My ARM comes due in about a year, so unless I can come up with the difference I’m upside down, I’ll have to leave. But all these people who sit there and complain that…their tax dollars shouldn’t help other people in our country. Your wrong, now is not the time to act like selfish brats. We didn’t cause this mess, we’re looking for way to keep our homes and NOT make things worse.
Oct 7th, 2008 at 5:58 am
Why does it seems as if everyone is trying to blame the demise of the housing market on the underclass people? Lets face it most underclass/middle class people will prefer to keep their homes. I don’t see no one pointing a finger at those individuals who purchase homes only to flip them when the market is doing well. Oops, sorry they got caught with their hands in the cookie jar an now must foreclose on the homes. Thats just how the system works. However, it is these individuals that are getting first priority on the loan modifications while the middle man who wishes to keep his home is offered no assistance at all. Now you explain to me how fair is that?
Oct 7th, 2008 at 6:04 am
Me and my family are one of those middle class families who wishes to keep our home but have not received any assistance from the bank. We were always current on our mortgage up until my wife had to have major surgery which put her out of work for 8 weeks back in April and then in August I lost my job. The bank has been informed of our situation but has offered no means of assistance for us. All we’re asking for is to modify the loan to the point so that we can afford to make the payments through this transition.
Oct 7th, 2008 at 3:26 pm
sincitykim - FDIC is handling the workouts for Indymac. You might talk to someone there, they’ve reported helping over 1,500 homeowners in the first month of the workout.
jmitchell39 - if you have a FHA loan, or other government loan, you can call HUD to get assistance with the medical issues. Once you’re about 4 months late they will work out an agreement whereby you can put the delinquent payments on the end of the loan. The only condition is that you provide documentation that you can afford the payment.
You can look at where the foreclosures have occurred to understand the majority of the problem with the real estate debacle. In those areas of the country that didn’t have highly appreciating values over the past 5 years you aren’t seeing the types of Mortgage Products that seem to be at the root of the problem here. In California, Florida, Nevada, Arizona you saw as much as a 30% increase in value by holding real estate for 6 - 12 months. How they appraised for that much is the big question here? Since an appraisal is based on what a home sold for in the past 6 months, I can’t see how it is even possible to get a 30% increase in value in just a few months, but it did happen. From everything I’ve read the FBI doesn’t have enough employees allocated to this “meltdown” (only 100) to do the job effectively, most of the agents are assigned to Homeland Security, so it will be years before we see the total picture. But, the Pay Option ARMS grew out of a need for “affordable” housing in areas that were “expected” to continue to rise in value, making the average borrower priced out of the market. Although the intent was good, it wasn’t reasonable. Affordable Housing means there should have been houses built in a price range that fit the borrowers needs, not build a mortgage to lower the payments, never accumulating equity, always negative.
There is a lot of finger pointing going on right now, but there is much blame to go around.
1. The borrower should have known they couldn’t afford the payment.
2. The Loan Officer should have explained the documentation better.
3. The Title Company had the opportunity to provide a 3rd party explanation to the borrower, but obviously it failed here also.
4. The Underwriter should have asked more questions, or the product just shouldn’t have been created.
5. Our lawmakers ignored the signs that this could be a potential problem. In FACT you can verify through CSPAN testimony in which they strongly stated there WAS NO PROBLEM with Fannie Mae and Freddie Mac.
6. The paper was then packaged into such complex securities that the servicers and lenders couldn’t find the “powers that be” that would work with the borrower to modify the mortgage. Plus, they downplayed the issues to such an extent that they refused to do a workout with the borrower when it could have made a difference.
7. Government passing a law that starts with the Lenders to stop foreclosures from occurring at the borrower level. I don’t believe this was the appropriate solution, I believe they should have put that money into refinancing mortgages into a special workout pool, with a balloon requiring the loan to be refinanced or the home sold in 5 years. I would be totally surprised if our $700 billion bailout will produce the desired results.