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  1. 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...
  2. 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...
  3. 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...
  4. 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.
  5. 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...
  6. 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...
  7. 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...
  8. Moe Bedard

    Loan Modification with PHH Mortgage

    Hello, Please remember they are debt collectors and are there to collect the debt regardless of your personal situation, they simply do not care and will do what is best for them, every time. With that said, they have probably identified via their software programs and analysis that you have...
  9. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    You are welcome! I appreciate you sharing your testimonial and the kind words Jzone. OK, the thing that I see different from 2008 is that we have MANY industries such as hospitality, entertainment, schools, etc all shutting down at once which is in my opinion, similar to millions of people all...
  10. Moe Bedard

    Why is this website issue not fixed?

    Thanks for chiming in with some wisdom. Like many forums and websites, we rely on ad income to generate revenue to pay our costs whether it is as a server to host the website, staff to help people, and or software upgrades. After the 2008 crisis, around 2011-2012 the LoanSafe.org traffic and...
  11. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    BAILOUT DOMINO #1 ALWAYS STARTS WITH THE AUTO INDUSTRY 1st China, then Ameria is how it happens... After 79% Sales Crash In February, China Automakers Beg Government For Bailout We had been reporting China's February auto sales numbers on a week by week basis, so Zero Hedge readers knew...
  12. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    And while the toilet paper apocalypse happens at your local Walmart, people are being dragged from their homes into forced quarantine by the military in China and WILL happen here...
  13. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    'Big Short' investor Michael Burry made a 'significant' bet that's paying off as coronavirus ravages markets Michael Burry, a hedge fund manager portrayed by Christian Bale in movie "The Big Short," has a wager against markets that paid off this week as coronavirus fears and an oil shock...
  14. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    And yes, it is a conspiracy and always has been... 5 essential books to understand the housing crisis It’s not your fault that you can’t afford a home—it’s government policy, ruthless banks, and discrimination By Diana Budds Mar 9, 2020, 1:00pm EDT Issues like racism and discrimination...
  15. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    America's housing crisis March 8, 2020 Millions of Americans can no longer dream of buying a home. Rental apartments are also unaffordable. Why? Here's everything you need to know: What's gone wrong? From cities to suburbs to rural America, the cost of housing has far outpaced increases in...
  16. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    Please use this thread to update with the news about the truth regarding the 2020 mortgage and real estate market CRASH. All the damn bankers, mortgage brokers, and real estate agents are lying in the media and to themselves about the reality of the current situation. It ALWAYS starts with the...
  17. Moe Bedard

    Coronavirus Mortgage and Real Estate Crisis of 2020

    As a warning to LoanSafe members and guests, I wanted to inform you in case you already do not know that there is a major mortgage crisis that is starting to brew and fester behind this coronavirus chaos. Every sign and the numbers all indicate that it is not a matter of if, but when this crash...
  18. Moe Bedard

    Why is this website issue not fixed?

    D Oh, you again.... Just FYI - The emails work fine. I saw you join and ignored your request. I just think you have a major attitude and do not approve your requests. In fact, you are now banned from the LoanSafe forum forever for your negative attitude and attacks on our staff.
  19. Moe Bedard

    Modification

    Hello, Often they will take that into account and adjust your mortgage balance accordingly so it should not affect you. But sometimes they make a mistake with dates and amounts which can lead to problems. With that said, hope for the best and stay tuned to plan for the worst just in case the...
  20. Moe Bedard

    Foreclosure started on mortgage that was included in chapter 7 bankruptcy

    Hello, I'm sorry, no there is not and if there was, they would find out you were late anyway when they get a reporting of your payments made during the time. So, during a refinance, they have multiple methods to verify your credit profile and payment history other than just the credit reporting...