Corona, CA (PRWEB) February 6, 2008
As foreclosures nationwide skyrocket, one site has vowed to help homeowners keep their homes. LoanSafe.org (http://www.loansafe.org) is the brainchild of Moe Bedard, a California man who is using his connections in the industry to save homeowners from certain foreclosure and he's doing it all for free.
Bedard launched the unique site six months ago as a place where people facing foreclosures and skyrocketing adjustable rate mortgages could meet and discuss their options. In in the past six months the site has grown to nearly 1,000 members and has successfully saved 18 homeowners from foreclosure.
All 18 of the homeowners stories have been chronicled on the Web site. Most of the members fought for 3-4 months before receiving a loan modification that could save their homes. However, their perseverance prevailed, as one member of Loan Safe even received a personalized loan modification letter from the office of Angelo Mozilo, President of Countrywide.
"As the foreclosure epidemic continues to grow, I see more and more people looking for help," said Bedard. "As two and three year adjustable rate mortgages start to reset, people are finding themselves looking for anything that could possibly save their homes. There was a need on the Internet for a safe and free place, where homeowners could meet and get critical information that would help them save their homes. I felt I could provide some useful information to these people, such as how to get a loan modification, so I started LoanSafe.org. I had no idea it was going to grow as fast as it did. I guess even I underestimated the impact these adjustable rate mortgages are having on the country."
In it's short six month life, LoanSafe.org has already received more than 500,000 visits. In contrast, the Hope Now Alliance, a fully-funded government program created to help homeowners in much the same way as LoanSafe.org, has only reached about 200,000 people in the past six months. Bedard credits the members of LoanSafe.org for its success.
"The forum is full of homeowners, attorneys, foreclosure prevention & loan modification experts, and regular folks and nobody is asking for anything in return," said Bedard. "We've proven that most people can keep their homes, they just have to learn what needs to be done."
"Well it's finally over! We got our loan modified and fixed for the next seven years," stated a Texas woman who goes by the name of TxAngel. "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 modification was."
For more information on LoanSafe.org, please visit http://www.loansafe.org
LoanSafe.org is a support community that is built around the premise of paying it forward. Their main goal is to help homeowners find ways to successfully stop foreclosure on their homes.
moe @ loansafe.org