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.
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