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  1. Moe Bedard

    Coronovirus Mortgage and Real Estate Crisis of 2020- NOT !

    No, I just call a spade - a spade and do not care what you or other people think of how I engage with people on my forum. This is a forum for property owners and the idea was to share knowledge, information, and facts about real estate and mortgages to help people make informed decisions who...
  2. Moe Bedard

    Coronovirus Mortgage and Real Estate Crisis of 2020- NOT !

    Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever Jessica Menton USA TODAY Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic...
  3. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    This news is just about 90 days after I created this thread warning that this exact thing would happen. However, it will be much worse than even I imagined. I predict 75% of U.S. homeowners will lose their homes in the next few years. Mortgage delinquencies surge by 1.6M in April, the biggest...
  4. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    The Federal Housing Finance Agency, which oversees the government-sponsored mortgage buying companies, Fannie Mae and Freddie Mac, announced today an extension of the federal halt on evictions and foreclosures. The moratorium is now to last until at least June 30. It was poised to expire this...
  5. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Short-term rental market faces consolidation as start-ups and small landlords offload properties PUBLISHED SAT, MAY 30 202010:54 AM EDTUPDATED SAT, MAY 30 20206:23 PM EDT Salvador [email protected] KEY POINTS Venture-funded companies and mom and pop businesses in the short-term rental market...
  6. Moe Bedard

    Coronovirus Mortgage and Real Estate Crisis of 2020- NOT !

    This is the stupidest thread I have seen in a long time started by someone who is either ignorant, a shill, or both.
  7. Moe Bedard

    Coronovirus Mortgage and Real Estate Crisis of 2020- NOT !

    Be encouraged or are you just simply spreading false hope in order to save your ego because you feel the need to prove me wrong and are lying to people do so?
  8. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Hello Gimpster, Thanks for sharing your story again and also where you have been over the last several years. It is great to hear that you recovered from your strategic default and were able to own your current home free and clear. As you pointed out, our current economic system and the...
  9. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Thank you for your testimonial and your support! We will keep it open and please stick around to help others as we help each other through this crisis of a generation.
  10. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Millions unemployed, homebuilding collapses as coronavirus ravages U.S. economy By Lucia Mutikani WASHINGTON (Reuters) - A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, almost wiping out all the job gains since...
  11. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Hello and thank you for your comment. As you can see from my sparse involvement and late replies in the forum over the last several years, I'm only working on a limited part time basis on the LoanSafe forum and had to layoff all my staff, including my son Evan who worked here for 4 years. The...
  12. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    I'm glad that LoanSafe was a great tool for you to get your previous loan modification. Unfortunately, I see the same problems and most likely much worse issues happening with the current economic crisis than we saw between 2008-2013. We can expect home values to drop to levels even lower than...
  13. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Nice to see you again Jefferey and thank you for your educated comment about the current crisis. I agree with the greed of banks and credit statements but this economic crisis is much more than about that. It is about 50-70% of America's working-class who are now unemployed and unable to find...
  14. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    The bad news continues as most people stick their heads in the sand. Last week, 6.6 million Americans, a 3000 percent increase, filed for unemployment as the coronavirus pandemic continued to devastate the economy. On Thursday, evolutionary anthropologist Dorsa Amir tweeted an animated graph...
  15. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    As I mentioned above, with everyone losing their jobs and or out on unemployment, they will not be able to make their mortgage payments let alone afford to keep up their Western lifestyles. Stunning layoff figures from 11 states show the skyrocketing number of Americans that are losing work...
  16. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    CNBC Icahn is shorting the commercial real estate market, which he says is going to 'blow up' Billionaire investor Carl Icahn told CNBC on Friday he expects the U.S. commercial real estate market will crumble, much like the broader housing market collapse of 2008. “You’re going to have this...
  17. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Most people live week to week or month to month due to the high cost of living in the U.S. so these people you mention will go late within 30 days and then extend to 90 days making them in default causing another mortgage crisis and loan modification craze as we saw in 2008-2011.
  18. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    REAL ESTATE BUILDING MORATORIUM COMING Now city and county officials are calling for a moratorium on commercial building projects so I urge you to prepare as needed and understand the business will not be the same for some time. In addition, city and county governments are shutting down all...
  19. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    You are very welcome! Yes, many people predicted the crisis would come and I in fact said it never disappeared, it was just glossed over and as you said, people were given free money. It is akin to giving a dying man with no arms one last sip of water as you hold a full bottle over his head ask...
  20. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Hello bigfrog! Thanks for the kind words and sharing with the community. In regards to refinancing, by all means, DO IT NOW while you still can because, in about 2-4 weeks, there will be very little lending going on as investors pull out of investing in mortgage-backed securities and banks...