Posts tagged as:

Mortgage Audit

ABS Solutions – City of Carson in business with loan modification firm?

by Moe Bedard

I couldn’t believe my eyes when I saw this article below from a local Southern California paper and I don’t think you will either.
Apparently the City of Carson (which is in Los Angeles County, California) has a foreclosure relief program that involves referring Carson city homeowners that are in foreclosure to a private “for profit” mortgage [...]

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Woman Claims Fraud To Delay Foreclosure. Yes, An Attorney Can Help!

by Moe Bedard

There is a lot of misinformation in regards to foreclosure defense and loan modifications propagating the media these days. The confusion, crooks and lack of lender help has left many homeowners on Main Street paralyzed in making what would seem like a rational decision.
Many homeowners and consumers are facing situations that are not only placing their [...]

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Home Equity Freeze Could Back Fire on Trigger Happy Lenders

by Moe Bedard

A couple gentlemen came into the office today and the subject came up about home equity loans. The conversation started with the notorious recent freezes implemented on home equity lines of credit and then quickly went down the road of loan modifications and they were wondering if lenders are modifying these HELOC’s.
What they didn’t realize and many consumers do not know is [...]

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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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Bring Down the Banks with these Foreclosure Defense Tactics

by Moe Bedard

Get your gloves on and start training for the fight of your life because foreclosure defense is going to be no easy battle. Make no bones about it, you are definitely fighting against one of the toughest and most powerful opponents in the world. The banks
Let’s get one thing straight here ladies and gentleman. The [...]

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Illinois attorney general advises homeowners to review Countrywide loans

by Moe Bedard

I have been advising homeowners to do this for the past year online and I even started a company (Loan Safe Solutions) to assist attorneys and homeowners in reviewing their loan documents for legal violations.
Now, it appears that the Illinois attorney general feels that it is a great idea to have your current mortgage examined for federal, [...]

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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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