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Moe Bedard

Orange County Foreclosure Tsunami: Get the Boats, This is Going to Get Ugly

by Moe Bedard

Just as I predicted over two years ago, the Orange County, California foreclosure tsunami has officially hit the county.  The wave is swallowing OC residents and city blocks by the dozen. 

The LA Times reported yesterday that data from ForeclosureRadar.com indicated that outstanding foreclosure auction notices in Orange County rose to 8,895 at the end of September, the highest [...]

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Nevada Loan Modification Company Approved List

by Moe Bedard

Here is a list of Nevada firms still eligible to offer loan modifications. This was posted on the Nevada Division of Mortgage Lending’s Web site  site and will continue to be updated. Illegal Loan Mod firms who were announced yesterday here are no longer authorized to conduct foreclosure prevention services and are given 10 days [...]

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Video: A Trip in Loan Modification Hell

by Moe Bedard

Sometimes loan modifications can be a real pain, others believe that trying to get a loan modification is a form of hell on earth. This video shows you why they lose faxes constantly and who is really in charge of the banks.
Watch this video and decide for yourself.

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Screwed homeowners, loan mod cons and death threats

by Moe Bedard

In my attempts to revive the American Dream for over two years a top my online soap box, I have to say that I have failed miserably. What I have discovered is that the ongoing nightmare of the American homeowner will continue on and that there are A LOT of rotten people in our society. Predators who [...]

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Mortgage modifications make things worse for some

by Moe Bedard

Tens of thousands of financially strapped homeowners who have asked lenders to lower their mortgage payments are instead winding up with higher monthly payments and larger debts on their homes.
Homeowners who were hoping for lower payments are discovering to their dismay that lenders roll late fees, back taxes or other costs into the principal, sometimes [...]

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The loan modification business is officially dead

by Moe Bedard

Earlier this week California Attorney General, Gerry Brown placed a legal silver bullet in the hearts of hundreds of loan modification firms across the state. With one swift press release and a subsequent letter to the offending parties, Brown has put an end to California’s most recent gold rush.
This past Wednesday the Attorney General’s office issued a stern [...]

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Free legal aid available for low-, middle-income homeowners facing foreclosure in Washington

by Moe Bedard

The Washington State Bar Association has launched a program to provide free legal help to low- and middle-income people in danger of losing their homes to foreclosure.
Homeowners who call a toll-free number will be referred to volunteer attorneys in their communities who are trained to deal with foreclosure-related issues.
The bar association started recruiting and training [...]

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Emergency mortgage assistance programs for homeowners

by Moe Bedard

Millions of homeowners are looking for immediate help to stop foreclosure. They just do not have time to play games for months on the phone and they need legitimate emergency mortgage assistance programs NOW!
If you came across this blog, the good news is that I have the most current list of available free services that [...]

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First American Title is Trying to Hijack My Website, LoanSafe.org

by Moe Bedard

This will be the first post in a series chronicling my new fight against another lending industry Goliath, First American Title. They are claiming that I am violating their trademark for LoanSafe for some type of lender software.
They want me to take down my website www.LoanSafe.org by Friday June 5, 2009 or the billion dollar company is going [...]

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Free Loan Modification Book & Online Community

by Moe Bedard

Hi! My name is Moe Bedard and I am the founder of LoanWorkout.org and LoanSafe.org. I am also the author of a new free do it yourself loan modification book for homeowners called Saving the Dream. This book is dedicated to the millions of suffering homeowners out there on Main Street who need some help [...]

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A Political Slight of Hand

by Moe Bedard

By Moe Bedard
While the cramdown bill dies, providing evidence of our representative’s willingness to sell us out, some may say that our representatives have already passed legislation to help Main Street like the foreclosure bill and the Hope for Homeowners plan. Whereas it may seem like these two programs are designed to help us, upon [...]

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Homeowner Revolution Anyone? The Internet May Bring on the 2nd Revolution

by Moe Bedard

I really don’t think the government gets what is happening on Main Street and on the internet right now. The American people on Main Street are not getting the help they deserve and the criminals on Wall Street seem to get new multi billion to trillion dollar bailouts daily. It appears that some people have [...]

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‘Shadow’ Supply Of Foreclosures May Delay Housing’s Recovery

by Moe Bedard

“Everybody is stalled 100%; the lenders aren’t doing anything” with modifications, said Moe Bedard, president of Loan Safe Solutions, a Corona, Calif.-based firm that does mortgage auditing for attorneys. Some shadow inventory may not be listed publicly because some lenders sell foreclosures via in-house divisions, says Bedard. Or, lenders may be selling the defaulted paper to investors. But these gray market sales can’t account for all unlisted foreclosed properties.

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Wall Street Bank CEO Protest

by Moe Bedard

NACA & Loan Safe demand loan modifications for struggling homeowners in a protest in Stamford, CT. Watch as Bruce Marks, NACA, Moe Bedard, Loan Safe and hundreds of homeowers stand of for ALL our rights on the properties of the very banking culprits who have driven our economy into the ground!

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Get Free Foreclosure Help in Columbia, South Carolina March 13-16th With NACA & Loan Safe

by Moe Bedard

For the second time this year LoanSafe Solutions (LSS) will participate in yet another Save the Dream Event Hosted by NACA in Columbia, SC from March 13th to March 16th. To accommodate the thousands of homeowners expected to attend, the event will be held in the Carolina Coliseum at 701 Assembly Street, Columbia, South Carolina.
The [...]

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Loan Modification Assistance to Thousands of Homeowners Free of Charge in Columbia, SC

by Moe Bedard

LoanSafe Solutions and Neighborhood Assistance Corporation of America (NACA) to Provide Loan Modification Assistance to   Thousands of Homeowners Free of Charge in Columbia, SC
Corona, CA (February 24, 2009) — For the second time this year LoanSafe Solutions (LSS) will participate in yet another Save the Dream Event Hosted by NACA in Columbia, SC from March [...]

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NACA & Loan Safe Foreclose on the CEO of Morgan Stanley’s Home

by Moe Bedard

As you can see from the video above from CNN, we were not “exactly” welcome house guests to his multi-million dollar mansion bought on the backs of suffering and debt burdened Americans.

I am the guy with the camera that looks like paparazzi. Funny, I love being a Capitalist Pig CEO paparazzi. I think I may start a second career following these pigs and planting myself outside their homes as they live high on the hog.

The man in the video wearing the hat and trench coat that was assaulting Bruce Marks appears to be John Macks hired goon or security guard. This must be the most action this dude has seen ever at Mr. Macks house. The guys looked like literally looked he was gonna have a heart attack and how in the hell was he going to stop hundreds of us.

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Get FREE Foreclosure Help in Stamford, Connecticut Feb. 7-9 from NACA & Loan Safe

by Moe Bedard

Corona, CA (February 3, 2009) Save the Dream Campaign – For the second year in a row LoanSafe Solutions (LSS) and the LoanSafe.org staff will participate in the Annual Save the Dream Event Hosted by NACA. Each year, thousands of homeowners attend the free event in an effort to make their mortgages more affordable at absolutely no cost to the consumer.

NACA will host another massive foreclosure prevention event beginning Saturday February 7th through Monday the 9th at the Marriot Hotel in Stamford CT. Join NACA and Loan Safe in making your mortgage payment affordable and holding the executives of these financial institutions accountable.

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3 Tips for Renegotiating Your Mortgage

by Moe Bedard

If you’re willing to make your loan payments, you’re already way ahead of the many borrowers who have walked away from their homes, says Moe Bedard, president of LoanSafe Solutions. The upshot? Banks have more incentive than ever to work with you. Plunging property values mean they’re recovering less now on foreclosures. Plus, many that received cash infusions from the U.S. Treasury are under pressure to show that they’re responding to the housing crisis. Take advantage.

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Moe’s 2009 Predictions Become Reality

by Moe Bedard

It looks like some of my mortgage and housing predictions for 2009 that I posted on January 1st are starting to become reality.

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Angelo Mozilo Email on Loan Safe Voted #1 Business Blunder in 08′

by Moe Bedard

Choosing only 10 this year was next to impossible, but somehow we managed. Incidentally, we’d like to throw a special shout out to Angelo Mozilo of Countrywide for making this year’s list extra debacle-riffic. Thanks! – The Consumerist
It’s nice to know that our work at Loan Safe and Loan Workout has somewhat of an effect [...]

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Mortgage servicers sucking loans dry?

by Moe Bedard

Mortgage industry milking homeowners before foreclosure, critics say
“I have had people in the [servicing] industry tell me that their best customer is the one who is always 30 days late,” said Howard Glaser, a former official at the U.S. Department of Housing and Urban Development, and the president of the Washington, D.C.-based Glaser Group, a [...]

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The $700 Billion Bailout of the Secret Shadow Banking System

by Moe Bedard

By Moe Bedard
There are over 8,000 US Banks insured by the FDIC operating across the country and the reports coming from these banks are actually good. Most of the 8,000 banking institutions are doing fine because they do not have huge problems with toxic mortgage portfolios. Nor do they have loan portfolios full of cancerous pay option mortgages.
The sector that [...]

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JD Powers Mortgage Servicing Survey is a Complete Joke

by Moe Bedard

Don’t these guys just rate cars and appliances? That’s what I thought until I saw the new survey titled simply, “Satisfaction with Mortgage Servicing Declines for a Second Consecutive Year.”
Looking down the list of small time and big time mortgage servicers, I see the familiar names and players. Some belong where they are on the [...]

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Safe Tools to Help You Through the Foreclosure Process From Loan Safe

by Moe Bedard

By Moe Bedard

The foreclosure process moves fast and in order to make it through this unforgiving time frame, you need to have a plan. The best mindset for anyone in this situation is to hope for the best and plan for the worst because there are no guarantees of success when attempting to negotiate with [...]

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Is Your Bank About to Implode? The FDIC is Hinting, YES!

by Moe Bedard

The lender carnage, death and destruction litter the home page of Aaron Krowne’s Mortgage Lender Implode-O-Meter like the beach at Normandy on D-Day. The infamous list has grown from September 2006 when Aaron started the website with approximately 10 failed lenders to a whopping 276 major U.S. failed lending operations today.
That comes out to about one failed [...]

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Should the FDIC & Sheila Bair be in Charge of Cleaning Up the Toxic Mortgage Crisis?

by Moe Bedard

This blog and my life has been dedicated to following what lenders, servicers and our government have done and are doing to assist the millions of Americans that are facing foreclosure as a result of being sold defective credit instruments. AKA subprime and ALT A mortgages.
In my hundreds of hours of research and work, only one agency [...]

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The Social Impact of Foreclosures: Homelessness, Crime & Death

by Moe Bedard

For millions, the American Dream has become the “American Nightmare”. Many people have lost their jobs, their mortgages have become cancerous and they can no longer pay the loan on their overvalued homes.
The social impact of these foreclosures is reaching every “dark” nook and cranny in almost every city in the country. Homelessness, domestic abuse, crime, violence and instability are [...]

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Fannie Mae & Freddie Mac Failure: The Lies, the Cover Ups and the Making of a Disaster

by Moe Bedard

Wall Street Journal October 4, 2004:
Fannie Mae isn’t an ordinary company and this isn’t a run-of-the-mill accounting scandal. The U.S. government had no financial stake in the failure of Enron or WorldCom. But because of Fannie’s implicit subsidy from the federal government, taxpayers are on the hook if its capital cushion is insufficient to absorb [...]

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California Senate Foreclosure Bill 1137 Q & A’s

by Moe Bedard

TEN REALITY QUESTIONS & ANSWERS ON CALIFORNIA SENATE BILL 1137
Ronald D. Roup, Esq.Legislative Chairperson UNITED TRUSTEES ASSOCIATION
Q1. – When does this bill take effect and become law?
A1.- SB 1137 passed the California Senate and Assembly as urgency legislation to take effectupon execution by Governor Schwarzenegger. The Governor signed the bill on July 8,2008 and the [...]

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Countrywide pact challenged by Justice Dept

by Moe Bedard

NEW YORK (Reuters) – The U.S. Justice Department has challenged an agreement that Countrywide Financial Corp reached in a bankruptcy court in Pittsburgh, saying it would make it harder to investigate and sue the mortgage lending giant.
 
Last month, Countrywide agreed to pay $325,000 to the Chapter 13 bankruptcy trustee in Pittsburgh, Ronda Winnecour, to cover [...]

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The Enronization of America & the Economic Cartel

by Moe Bedard

Kenneth Lay, CEO of Enron is lead in handcuffs after Lay was found guilty on all six counts of conspiracy and fraud by a jury of eight women and four men. In a separate bench trial, Judge Lake ruled Lay was guilty of four counts of fraud and false statements. Will we see similar indictments [...]

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Foreclosure Prize Fighters: Obama vs. Mccain

by Moe Bedard

Obama wants the government to step in to help homeowners facing foreclosure. McCain has gradually broadened his position to support government intervention, but wants stricter requirements for borrowers seeking aid.

Obama’s plan to fight foreclosures:
 

Give homeowners the chance to have their loan modified, provided they meet certain criteria.

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New California Foreclosure Law Says Servicers Must Exhaust All Avenues in the Loan Modification Process

by Moe Bedard

You can literally hear the clock tick when facing a looming and ominous foreclosure sale date. Tick tock goes the clock and the time just flies by. Now top that off with stress, lack of money, paralysis by analysis and we have a recipe for another lost home to foreclosure.
American homeowners need to know that [...]

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The Housing Circus: American Tax Payers Bail Out Fannie Mae & Freddie Mac

by Moe Bedard

Please watch this 1 minute video on the truth behind the Freddie Mac and Fannie Mac bail out.
Housing Circus: Why Should You Bail Out Fannie Mae & Freddie Mac?

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I must confess: I am a renter and my landlord is being foreclosed on

by Moe Bedard

I have now officially become a “victim” of the foreclosure crisis. I don’t own a home, I do not have a mortgage and the ironic part of this is that my job actually entails assisting borrowers online that are in foreclosure. 
Never would I have thought that I would be caught with my family in a home that is soon [...]

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Thousands of Homeowners Plan to Storm Capitol Hill to Save the American Dream

by Moe Bedard

The line of eager people was wrapped around the Capitol Hilton in downtown Washington D.C. as my crew and I unloaded our gear out of our taxi. The crowd was thick and deep as a sea of yellow shirts offered smiles and encouragement to the children as they waited patiently with their mothers and fathers. [...]

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Loan Safe Goes to Washington with NACA to Save the Dream of Homeownership

by Moe Bedard

I am proud to announce that the Loan Safe crew will be heading to Washington D.C. this evening to assist NACA and struggling homeowners in this historic 5-day event .
Yesterday evening I had the privilege to speak with Bruce Marks, Executive Director of Neighborhood Assistance Corporation of America (NACA), as he was unloading over 300 lap [...]

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Silence of the Lenders: Is Anyone Listening?

by Moe Bedard

Loan Safe & Moe Bedard in the New York Times By Gretchen Morgenson
DAN A. BAILEY JR. was desperate when he sat down on May 19 to send an e-mail message to his mortgage lender, the Countrywide Financial Corporation, pleading, yet again, for help.
Behind on his payments and fearful of losing his home of 16 years [...]

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Loan Modification Myths and Facts

by Moe Bedard

There are a lot of myths surrounding lenders and servicers as to what they will and will not do during the loan modification process. 
The confusion and inaccurate data that is propagating the internet and the news is based on ill-informed bloggers or journalists who really have no idea what is going on in the loss mitigation arena. This [...]

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Loan Safe Testimonial – 131 Homes Saved to Date With One Website

by Moe Bedard

I am proud to announce that 131 families have received a loan modification, and 131 homes have been saved with our “Not for Profit: forum at LoanSafe.org. 131 people who now have mortgage relief, can focus on living instead of worrying about their loans.

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Boiler Room 2.0 – Investors Press Lenders on Bad Loans

by Moe Bedard

Two bad loans go around the outside, around the outside, around the outside……………………
Two fraudulent loans go around the outside, around the outside, around the outside. Now, dosie doe your investor.
Looks like investors have finally got hip to the fact that they bought a bunch of fools gold on Wall Street.
Imagine that? These gigantic investment brokerages [...]

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Your Loan Documents May be the Secret Key to Obtaining a Loan Modification

by Moe Bedard

Homeowners Warning: Beware of new scams using this as a tool to fight lenders by scammers and out of work mortgage brokers everywhere!!! This post is from early 2008 and the times have changed folks. Yes, it can work and help, but when used with a lawyer who can properly represent you.
I have studied and [...]

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Welcome to LoanWorkout.org

by Moe Bedard

LoanWorkout.org is the only blog on the internet dedicated to following what lenders and servicers are “really” doing in regards to their loan modification and loss mitigation efforts.
Are you having trouble with your home loan? Has your mortgage adjusted and you cannot afford the new payment? Were you placed into a bad loan and you [...]

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Need Help With Your Mortgage or a Loan Modification?

by Moe Bedard

By Moe Bedard 
If you have been looking for mortgage help or assistance with a loan modification, then you have came to the right website for safe and accurate information. This blog and our forum at LoanSafe.org was created for the sole purpose of assisting homeowners who are struggling with their mortgages to find the “real deal” [...]

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