Posts tagged as:

Avoid Foreclosure

73 Year Old Bank Robber Was Just Trying to Pay Off Mortgage

by Moe Bedard

A 73 year old bank robber said he only did it because he wanted the money to pay off his mortgage.

Times are tough for anyone, but robbing a bank to pay off your mortgage is certainly not recommended. That didn’t stop one pensioner in Florida from raiding three banks in order to get enough money [...]

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Four Year Battle to Stop Foreclosure Pays Off

by Moe Bedard

CORTEZ – Frank and Judi Viola’s determination paid off after a four-year struggle to save their home from repossession.

“We didn’t want to leave this house. We love it,” Mr. Viola, 54, said as he and his wife sat at the dining room table of their ranch-style home in Jefferson Twp. “You just have to stick [...]

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Can all homeowners get free foreclosure help?

by Moe Bedard

There has been a great deal of negative press regarding paid foreclosure assistance and in particular, loan modifications.
The media has taken the loan modification ball and they are sounding the TV trumpets, mis-informing consumers by the millions, “DON’T PAY FOR LOAN MODIFICATION ASSISTANCE!” “If anyone asks for money to help you avoid foreclosure , run!” 
Personally, I [...]

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Principal reductions that restore equity for the homeowner may be more effective means of avoiding delinquency and foreclosure,” Bernanke said.

by Moe Bedard

This blog was started a little over 8 months ago with one purpose. To promote massive loan modifications. My blog was actually the only website on the internet that disseminated information about loan modifications to the media and to consumers.
8 months ago, a loan modification was like a white elephant. Rare, never talked about and rarely will [...]

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President Bush Signs H.R. 3648, The Mortgage Forgiveness Debt Relief Act of 2007

by Moe Bedard

1:05 P.M. EST
THE PRESIDENT: Thank you all for coming. Welcome to the White House. I’m pleased to sign a bill that will help homeowners who are struggling with rising mortgage payments. The Mortgage Forgiveness Debt Relief Act of 2007 will protect families from higher taxes when they refinance their homes. It will help hardworking Americans [...]

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I’ll NOT have you pleading the case of greedy corporate opportunists that make their CEO’s filthy rich through the financial suffering of honest working men and women.

by Moe Bedard

These comments are in response to an anti-homeowner article by Steve Chapman of the Chicago Tribune tittled, “Democrats may commit the real mortgage fraud”. 
These are the voices of the American people, that you rarely get to read in these self serving articles by so called journalists.
Submitted by JJK;
Of course when corporations bankrupt after paying CEOs millions to do [...]

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Lenders Say, “Reach out and call us if you’re in trouble”. Let’s see what homeowners get, when they reach for help.

by Moe Bedard

Since day 1 in running this blog and my forum, I have been alerted and have personally experienced the abuses that homeowners are suffering at the hands of their lenders or servicers.
Uncaring employees, rude employees, unanswered phone calls, multiple lost faxes and paperwork, over charges, unexplainable charges and the list goes on. My goal is [...]

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Well it’s finally over! We got our loan modified and fixed for the next 7 years

by Moe Bedard

We don’t always hear about successful stories where someone fought back against their lenders and was lucky enough to avoid foreclosure with a loan modification.
Our forum at LoanSafe.org has had some recent homeowner success stories and I wanted to share one with you all here on my blog. I hope to report on more stories like this [...]

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Democratic proposal giving bankruptcy judges the power to force loan modifications

by Moe Bedard

Lobbyists Hope Bush Rate-Freeze Plan Prevents Democrats’ Bankruptcy Proposal on Home Loans
December 05, 2007: 06:23 PM EST

NEW YORK (Associated Press) – A White House plan asking lenders and investors to freeze interest rates on troubled mortgages could derail a Democratic proposal giving bankruptcy judges the power to force loan modifications.
Lobbyists for some of the biggest [...]

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Disabled Vet From Marine Corps. Can’t Get Help From Countrywide

by Moe Bedard

This is a sad reality of business. Yes, you taking a mortgage out on property is “business”.  These homes are backed by contracts not feelings. You break that contract, then the big bad wolves (lenders) are going to come take your home.
Forget about you fighting in Iraq for freedom, justice and against terrorism. Forget that you are injured [...]

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Governor Schwarzenegger Discusses Ways to Help Homeowners Avoid Foreclosure

by Moe Bedard

Sacramento, California – Governor Schwarzenegger Discusses Ways to Help Homeowners Avoid Foreclosure in his radio address.
Hi, this is Governor Arnold Schwarzenegger with another California Report.
Thanksgiving was Thursday and all across California, people gathered in their homes with friends and family to share a meal, give thanks and build memories that last a lifetime.
But in too [...]

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Is it Impossible to Get a Loan Modification and Avoid Foreclosure?

by Moe Bedard

I often get asked if it’s possible to obtain a loan modification and avoid foreclosure? The answer is a definite maybe. It depends on several factors because you have to qualify to do so and it’s not like qualifying for a mortgage. They are qualifying you to see if it’s worth taking your home or [...]

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