Moe Bedard in 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.

From the New York Times:

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 — 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.

“This is unbelievable,” Mr. Mozilo said in his message. “Most of these letters now have the same wording. Obviously they are being counseled by some other person or by the Internet. Disgusting.”

Within days, Mr. Mozilo’s e-mail was widely circulated on the Internet and in the news media, offering a rare instance when candid comments from a powerful C.E.O. entered the public realm. For Mr. Bailey, however, the disdain that Mr. Mozilo expressed was depressingly familiar.

After all, Mr. Bailey had received little else from Countrywide after he began trying to renegotiate an adjustable-rate loan that he could no longer afford. Until then, he says, the only guidance the lender provided was a suggestion from an employee of Countrywide’s “home retention team” that he cut back on groceries to pay his mortgage.

“I told her that I probably spend $10 a day on groceries,” Mr. Bailey recalls. “And she said ‘Maybe you can eat less.’ ”

Moe Bedard  Moe Bedard Loan Safe Solutions  Moe Bedard

Moe Bedard – Company Cashes in by Making Lenders Pay for Their Mortgage Mistakes

Contact: Moe Bedard                                                                            FOR IMMEDIATE RELEASE                Telephone: (951) 531-0148                                                                                                                     Email: Moe@LoanSafe.org

 

Company Cashes in by Making Lenders Pay for Their Mortgage Mistakes

“An Inland Empire, California man cashes in with a new business model. He makes lenders and servicer’s lives a living hell, saves 138 homes in the process and becomes an online grass roots celebrity for struggling homeowners.”

American homeowners are getting the foreclosure shaft from uncooperative lenders and servicers. But many are getting free help online and giving their lenders the legal shaft from the advice of a rapidly growing grass roots effort and new venture created by a Southern California man.

Recently Moe Bedard, President and Founder of Loan Safe Solutions Inc., was asked by a local reporter why his company has become so successful in dealing with servicers and how his company has grown at such a rapid pace in only a short period of time?