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  1. Moe Bedard

    Refinance Mortgage With Deferred Principal Balance

    Our resident mortgage expert, Erik Sandstrom has helped many people in the exact same situation. I'm going to alert him to your question so he can answer you. If you are in a hurry, I suggest you call him at 619-379-8999.
  2. Moe Bedard

    COVID-19 Standalone Partial Claim Issue

    You are most welcome! That is a good plan and what I would do. Good luck and please let us know how everything turns out.
  3. Moe Bedard

    Covid forbearance ends soon and need a loan modification

    You are welcome. That is a good plan. There is no penalty per se, but they can decide however they choose even with the various guidelines in place. I would just make an excuse if you do go for the repayment plan like I came into extra money or I'm using money that I did not intend to that was...
  4. Moe Bedard

    COVID-19 Standalone Partial Claim Issue

    Hello, This has been a very common problem going back to 2008. My experience is that these 2 months will have to be addressed and they will most likely have to issue new paperwork to cover these months. If you decide not to pay, then things can get worse if they chose to accelerate the process...
  5. Moe Bedard

    Covid forbearance ends soon and need a loan modification

    Hey Vavoouna1! The loan modification process is done to help you get affordable monthly payment terms via the Waterfall Method. When your lender reviews your application, they will use this method. First, you must have an income coming in to pay the loan payments long-term or you won't qualify...
  6. Moe Bedard

    Covid forbearance ends soon and need a loan modification

    You are welcome! All the COVID protections have ended. There is no hard and fast rule on how many months you have to be behind on your mortgage payments. Normally it is 90+ days for most mortgage servicers. My experience over the years is #1 - You have to have the ability to make your...
  7. Moe Bedard

    Loan modification in review with new forelcosure sale date

    Yes, my answer would apply to a set sale date and yes, you can file an objection motion stating in your answer that the lender said forclosure is on hold( I have all names) as under review and because of dual tracking. The Consumer Financial Protection Bureau (CFPB) rules prohibit mortgage...
  8. Moe Bedard

    Covid forbearance ends soon and need a loan modification

    Welcome to the LoanSafe forum. The loan modification process can often take several months to complete. They may make mistakes and or have missing paperwork which caused the timeline to sometimes go from 3-6 months just to get a modification so I would suggest you do your best to qualify now...
  9. Moe Bedard

    What’s happened to this Website ??

    Thanks for your input! I 100% agree! Yes, I was NOT happy and appreciated you all keeping the forum active and sharing with one another. I'm going to do my best to retrieve the data.
  10. Moe Bedard

    What’s happened to this Website ??

    It may be possible. I'm trying to find a developer that can help me. I will do my best. Please stay tuned!
  11. Moe Bedard

    What’s happened to this Website ??

    You are welcome and thank you. I can start another thread soon. But to put it briefly in context for you, there are currently approximately 9-10 million borrowers who are late on their mortgage, not including about 1 million in active foreclosure. This was right at the start of Covid when they...
  12. Moe Bedard

    Loan modification in review with new forelcosure sale date

    You have to file a written answer to the complaint by filing an "answer" with the court deadline, which is usually between 20 and 30 days after service. Check the summons to find out how much time you have to file an answer in your case. You have to answer in the proper format and respond to...
  13. Moe Bedard

    What’s happened to this Website ??

    Thank you for your comment and concern. If I can ask you one thing is to please see if you can talk with some of the old members you were close with and start a new Bagels 2.0 thread for you all. I can use the Way Back machine to get old content that was deleted but I think some of those threads...
  14. Moe Bedard

    What’s happened to this Website ??

    Hello all! LoanSafe has been a free and anonymous forum since 2007 long before Facebook and other social media sites. The purpose of the forum is to get free help for your mortgage problems, regardless of the scenario or loan workout, to network, and a community for homeowners who are fighting...
  15. Moe Bedard

    BOA NIGHTMARE LOAN MOD PARTIAL CLAIM HUD MORTGAGE

    That sounds fishy but it is somewhat normal in these types of situations., Your loan officer is not experienced in these matters so that is why the loan is all messed up. and Yes, give him a call and he will advise you the best he can.
  16. Moe Bedard

    BOA NIGHTMARE LOAN MOD PARTIAL CLAIM HUD MORTGAGE

    I'm sorry to hear about that. One of our LoanSafe mortgage experts. Erik Sandstrom is a senior loan officer with Prime Lending. He has a team that specializes in these types of problem loans and second mortgage issues. If you have not spoken with him, I suggest you do at 619-379-8999 and he can...
  17. Moe Bedard

    Add a mortgage remove a mortgage.

    You are welcome. Yes, everyone is missing this very important point and the fact that about 11 million plus homeowners are at risk of losing their home and or late on their mortgage. The CFPB says; Over 11 million families are behind on their rent or mortgage payments: 2.1 million families are...
  18. Moe Bedard

    Add a mortgage remove a mortgage.

    Hello, In my opinion, there is a looming real estate and mortgage crisis brewing that has not come to fruition as of yet. Once the moratorium's end, then the foreclosures will start and values will drop as they did in 2008-2012. With that said, pulling money out of your AZ property to pay off...
  19. Moe Bedard

    Realtime Foreclosure Initiation

    Hello, This is the 2nd time this month that I heard of a second mortgage from over 10 years ago sending a foreclosure notice. I am assuming it is because you have more equity in your property and they could recoup the money they need to satisfy the loan. Yes, they can foreclose if they choose...
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