Moe Bedard and LoanSafe.org has been featured in the New York Times, LA Times and also on CBS and KCAL. You can view the different media pieces here.
LoanSafe.org in the NY TIMES
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J. Emilio Flores for The New York Times
Moe Bedard is president of Loan Safe Solutions. He said his firm found problems in at least 80 percent of 300 mortgages it examined for clients.
The Silence of the Lenders
By Gretchen Morgenson
Dan A. Bailey Jr. at his Wilmington, N.C., home. His struggle with Countrywide ended up on the Internet, an embarrassing episode for the lender.
Behind on his payments and fearful of losing his home of 16 years — a 900-square-foot bungalow in Wilmington, N.C. — Mr. Bailey had spent the previous six months unsuccessfully lobbying Countrywide, at the time the nation’s largest home lender and loan servicer.
Mr. Bailey, 41, promised in his e-mail message that he would pay every nickel he owed if Countrywide would modify his mortgage in a way that allowed him to keep his home. He sent the message to a grab bag of Countrywide e-mail addresses, which he had received from www.LoanSafe.org, an online forum for borrowers.
Among the recipients of his e-mail was someone he had never heard of before: Angelo R. Mozilo, Countrywide’s co-founder and chief executive. Lo and behold, Mr. Mozilo replied —
inadvertently, as it turned out. Read More
See Moe Bedard and LoanSafe.org on CBS / KCAL News
New Article in the LATimes Mozilo on distressed borrower's appeal for help: "disgusting" and Countrywide Financial Chairman Angelo Mozilo's e-mail sets off a furor
The Next Real Estate Crisis - Moe Bedard, founder of LoanSafe.org in Corona, Calif., a free online forum that helps homeowners negotiate loan modifications, said the larger problem is that banks, many of which laid off scores of loan officers, are so swamped that many borrowers can't get the attention they need.
Slate Magazine - Here Comes the Next Mortgage Crisis - Option ARM loans were heavily marketed to upper-tier home buyers in California. It's hard to know how bad the option ARM crisis will be before it actually happens, but Moe Bedard, an advocate in Southern California who advises homeowners on foreclosure and blogs about the crisis at Loansafe.org says that the difference in the time until the rate rises is the main reason that upper-middle-class Orange County (now facing foreclosures at a rate merely twice the national average) hasn't yet been hit as badly as places like Riverside.
Check Us Out in the Press Enterprise Inland Empire,Ca.
Please contact Moe Bedard at (951) 531-0148
Monday, July 28, 2008
Moe Bedard is the Leading Loan Modification Expert
Moe Bedard is the leading expert and most trusted authorities in the country in regards to loan workouts and loan modifications. Moe is the founder and President of Loan Safe Solutions, LoanSafe.org and the main contributor to LoanWorkout.org. He has written on this subject more than any other person on earth and has personally been involved in over 300 loan workouts and mortgage audits.
When asked what is usually the end result of using this negotiation tactic, Bedard said, “The most common option is just to mediate the loan with your lender and fight for an affordable loan modification based on the legal violations on the loan. We have had rates approved as low as 2%.”
“Everyone wins here, “ he said.
Moe Bedard concluded, “The homeowner has their loan fixed and may have their principle balance may be reduced also. The lender does not lose their shirt because they have mediated the matter without employing their full legal staff on the file and wasting precious operating expenses.”
Ted Grose, a mortgage broker and past president of the California Association of Mortgage Brokers, said he is familiar with LoanSafe and finds it is a consumer-friendly resource that gives good information on alternatives to foreclosure and reassures people in crisis that they are not alone.
"It is very common for consumers to pull the sheets over their heads when what they need to do is reach out," Grose said.
Moe Bedard is an expert in loan workouts and has written over 500 articles on loan workouts and modifications. He also operates several free consumer protection websites like www.LoanSafe.org and www.LoanWorkout.org and has been featured on CBS/KCAL, Fox Business News, LA Times and many more news outlets.
When asked what is usually the end result of using this negotiation tactic, Bedard said, “The most common option is just to mediate the loan with your lender and fight for an affordable loan modification based on the legal violations on the loan. We have had rates approved as low as 2%.”
“Everyone wins here, “ he said.
Moe Bedard concluded, “The homeowner has their loan fixed and may have their principle balance may be reduced also. The lender does not lose their shirt because they have mediated the matter without employing their full legal staff on the file and wasting precious operating expenses.”
Ted Grose, a mortgage broker and past president of the California Association of Mortgage Brokers, said he is familiar with LoanSafe and finds it is a consumer-friendly resource that gives good information on alternatives to foreclosure and reassures people in crisis that they are not alone.
"It is very common for consumers to pull the sheets over their heads when what they need to do is reach out," Grose said.
Moe Bedard is an expert in loan workouts and has written over 500 articles on loan workouts and modifications. He also operates several free consumer protection websites like www.LoanSafe.org and www.LoanWorkout.org and has been featured on CBS/KCAL, Fox Business News, LA Times and many more news outlets.
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