The first question that you may ask is which kind of loan would be best for you.

This is important because a good mortgage broker or lender will always try to know more about you before making any offers.

Read more on What questions do you ask a mortgage lender here

The first question you need to decide is whether you want to keep your house or give it up. If you want to keep it, you need to try to work out a loan modification to get back on track. This is the most common way to get back on track and an affordable payment. Some lenders will drop the rate down to 2-4% to help homeowners. If a 2-4% rate will help you, call your lender now or visit our 16,000 homeowners forum to get free mortgage help.

If you’re in over your head, have no job and or bought too much house, a loan modification probably isn’t going to help. So, please keep reading for some tips to help smooth the process.

Read more on What are the ramifications of foreclosure here

LoanSafe.org protects, strengthens and promotes homeownership by giving American homeowners the tools to fix their mortgage and help to stop foreclosure on the internet. The Loan Safe Network was formed in response for the need of a safe website/forum to improve communication and foreclosure education amongst homeowners, lenders, non-profit’s and for profits.

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To date LoanSafe.org has saved over 300 homes for free and we are goin strong!

See 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. 

We hope to have many more success stories in the future and we hope you consider joining our fight to save our homes!

Success Letter of the Year – See a real Countrywide loan modification letter from the office of Angelo Mozilo 

View a real loan modification -  A single mother from New York who saved her home and fixed her loan with Countrywide

All testimonials are 100% voluntary and not solicited in any way, shape or form.

Lanie- DoxiesRule – 67 year old widowed homeowner from Missouri -

Moe Bedard: Thank you for thanking the others regarding their support of me and my situation. The time and thought that have been offered to help me have been a true blessing. I am so very glad I stumbled upon this website. I haven’t found any other similar site that even comes close to the interest and caring that I have received here. Whether you all realize it or not, you are the ones who are “holding me up” when I feel I simply cannot go on. I know I will never have an opportunity to meet any of you, but I love you all for what you have given and continue to give me.

Lanie

Bob – Homeowner from San Diego - I have finally got my loan fixed for 5 years @ 5.99%. Fully amortized loan..principal and interest. After almost 6 months of doing battle with Countrywide I am done. I have to make two more payments (Jan. and Feb.) at 7.45% but then in March 08 it goes back down to 5.99% saving me $610.00 a month! Great news!! I do not even have to sign any paperwork. They said it is a done deal and I will probably receive a letter in the mail today.

Here is a link to my original thread: http://www.loansafe.org/forum/showthread.php?t=162

Hopefully 5 years will buy me enough time to pay down my second mortgage and put me in a good position to refi. I want to thank Moe Bedard, Brian and all the forum members for all your help and encouragement. I never would have been able to keep my home if it wasn’t for the knowledge I gained from www.loansafe.org. Thank you all so much!!

Do not give up!! Keep up the fight!! You to can stop foreclosure!!!

If anyone needs any help or advice in dealing with CW from someone who has been through it, just drop me an email at bob@xxxxxxx.com and I will do whatever I can to help.

Paying it back and forward is the way to go!

Evelyn AKA evel1999 – Homeowner from Georgia - I received an official letter from America’s Servicing Co today telling me my Loan Modification was official and that I will be receiving a statement in the mail very soon telling me where to mail my payment and to who.

Sounds great.

Jules - Homeowner from Sacramento, Ca. saves her home because Chase fixes her loan!

Moe… sure enough.. mod paper work arrived Tues …flat 5% FOR EVER… NO MORE REFI 4 ME..
I had mod signed & notarized send back Wed..no additional charges…. done deal …big thx to Chase..
stood up to the plate & helped out a client that otherwise wld have been homeless in the near future.. & big thanks to u all for info & support..   jules

Singlewoman - Location unknown, but one thing is for sure, she saved her home!

This is an awful type of thing to have to deal with, and my heart is out for everyone working through this foreclosure process. I know the sleepless nights I’ve had over this. But mine is concluding positively, and I wanted to share it with everyone, at least as a point of hope.

Moe had so generously offered to act as an intermediary with Litton on my problem with my loan modification. I had typed up a summary for Moe to help him with information, but thought I would try one last time to contact Litton directly about my loan modification. Imagine my very pleasant (more than pleasant actually) surprise to find out that not only had the modification NOT been declined, as the officer in foreclosure told me, but it had actually been approved! I still have to receive final sign off from a supervisor, but this is what Litton told me, along with due dates and terms.
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Texas Homeowner AKA TxAngel – Well it’s finally over! We got our loan modified and fixed for the next 7 years. If it weren’t for this forum I don’t know if I would have done any of it the right way..I didn’t even know what a loan mod. was. All I knew is they had put us in another program to try to help us stop foreclosure, then I found this place and realized what it was and what was gonna happen. And the samples of those letters..I would have had no idea. I hope people keep posting on here and giving tips and info..it’s such a help and helped me stop foreclosure!!!

Just stay on top of everything..Don’t quit! Gosh..I sure wanted to. I came close..but my house is worth more than giving up.

Thanks again to all of you..Moe..KEEP UP THE GOOD WORK!!! Just a long slow process..but it is working!!!!

Good luck to all of you!!!! Good things are coming!!!
and BE PERSISTENT!!!!!!

Andrew Panessa - Homeowner and father of 2 from Pennsylvania saves his home. (Now a Loan Safe moderator & helping other homeowners stop foreclosure)

Received an apology letter and loan mod via fax from countrywide office of the president. Secretory of Mozilo called and asked if they can fax along with mail the documents. Maybe tomorrow ill send moe and email with the scanned letters to post.

If you go back an read some of posts I have been worried about my mortgage for a while now. I had originally called in August and asked about it but was told since I’m not late they couldn’t do anything. Then in October when I called again I was told that I could apply. After months and who knows how many hours on the phone.

I was finally approved for a 5 yr freeze on mortgage. I even had to go as far as threaten to rescind my loan and send RESPA letters with the violations Brian had found. I really am very grateful of Moe for this site and his wisdom and guidance. I feel very stress free right now. I will be staying on this board to help others who were in my predicament too.

THANKS AGAIN MOE !!!

Accolades to Moe and the Loan Safe team. If I hadn’t followed your advice and just asked for a loan modification I wouldn’t be in this position. I wish that I had done this much earlier. (listen carefully…hear that noise? Thats the sound of money flying out the window!) Thanks for taking the time to help me through the process Moe!

Accolades to First Franklin. I know that lots of folks on this forum are having issues with their lenders but I have to offer credit when it is due. 4 weeks and 2 days from receipt of my loan modification request to my receipt of the loan mod paperwork. It cost me about an hour of time and $135 for an appraisal.

Best of luck to the LoanSafe forumers.

 Comtech;

 Hi Guy’s
I’m so glad i found this place and to see so many other’s in the same boat as i
makes me feel so not alone.

Nicole – Single mother of 3 who just lost her home to foreclosure

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