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  1. #1

    Moe Bedard Of Loan Safe Spins A Tangled Web

    MOE BEDARD OF LOAN SAFE SPINS A TANGLED WEB OF DECEIT

    Moe Bedard of LoanWorkout.org, LoanSafe.org and Loan Safe Solutions spins a tangled web of deceit. The self-proclaimed community based, grass roots, consumer leader was exposed today, by an ex-employee, for being a fraud, liar, manipulator and scam artist. Loan Safe’s Moe Bedard has deceived not only the homeowners of America, facing the toughest time of their life’s, but also hundreds of his own employees who are now unemployed.

    Moe Bedard’s website www.LoanSafe.org is quoted saying Loan Safe is “based on the simple premise of “paying it forward”. We help you, you help him, he helps her and so on and so on….. No strings attached ever and no favors needed to be paid back. Just pay it forward to the next person in need of help!.....”

    Well Moe Bedard sure did pay it forward …… in a negative, economy crushing way!!!! Way to go Moe! Not only are your employees out of work but you have deceived the American people.

    Moe Bedard has spent the past year of his life/career at Loan Safe manipulating and distracting the American homeowner, the US Government, the media, the Banks, and his own employees. Moe Bedard has accused everyone (from Wall Street to the Government) of causing the home foreclosure crisis. However, Mr. Bedard has done nothing to help the problem or to help Americans. The one thing Moe Bedard has successfully done is increase the outrage of homeowners across the country. Moe has increased the homeowners paranoia, finger pointing, and distrust of Wall Street and the US Government making it more difficult (if not impossible) for all parties involved to solve the problems at hand.

    Moe Bedard has spent countless hours planning events and protesting at Banks such as Morgan Stanley, calling it “Save the Dream Campaigns”. Moe Bedard rally’s together frightened homeowners with aggressive advocacy groups causing turmoil and chaos. I fail to see whose dream is being fulfilled. These types of actions are negative and help no one. The banks are being distracted from performing their job duties and the homeowners are getting riled up and outraged. Moe Bedard convinces the homeowners to complain and rebel instead of helping to fix their current circumstances. Other modification companies who are trying to work with the banks and homeowners are being distracted in their efforts in order to do damage control.

    Moe Bedard is constantly trying to ruin the reputations of legitimate Loan Modification companies accusing them of defrauding consumers, stealing money, and ruining the lives of hundreds of homeowners. These companies are doing the right thing, helping the banks workout negotiations with the homeowners, following government guidelines, saving homeowners from losing their homes, and employing hundreds to thousands of out of work Americans.

    The only logical explanation for this type of behavior is to manipulate the public. I call it “The Die Hard 3 Movie Explanation”. In the movie Die Hard 3 everyone in the city is being distracted by chaos in one side of the city and the crooks are on the other side of the city stealing all of the gold. Moe Bedard is the king of spin and deceit and the second you are looking to the left he will steal everything you have on the right. Loan Safe’s Moe Bedard is not prejudice against whose life he ruins for he has no morals. As proven in the article below (from www.Ripoffreport.com ) he will even ruin the lives of those who worked for him.

    *“Loan Safe, Moe Bedard, aka 'The Moeniac' fires all processors and negotiators last week!

    I was a long time employee of Loan Safe and the related law firms until recently. I will state indisputable facts in this post. Moe Bedard can try to justify his actions or give his own spin, but any reader can easily verify this information.

    California law requires companies acting as loan modification processing companies be affiliated with a Licensed Real Estate Broker in the State of California. Loan Safe has no such affiliation.

    California law requires that the individuals acting in the capacity of 'negotiator' have a valid California Real Estate Salespersons License. This person has conversation with the homeowner and the bank, relaying terms, paperwork requirements, proposed mortgage payments, etc. Loan Safe's negotiators/processors are not licensed real estate salespersons.

    The above information can be verified at the California DRE website.

    One of the reasons that Loan Safe does not have a broker's license is that Moe Bedard, aka Maurice Clement Bedard Jr. is a convicted felon and had his salespersons license REVOKED by the DRE on August 8, 2005. The revoked license number is 01237996. You can look this up on the net or call the DRE in Sacramento to verify.

    The reason his licensed was revoked is that his felony convictions involved 'moral turpitude'. Wikipedia defines 'moral turpitude' as a legal concept in the United States that refers to 'conduct that is considered contrary to community standards of justice, honesty or good morals.'

    Case #1 Riverside County Superior Court RIF108001
    1 HS 11359 Felony Poss of Marijuana for Sale 01/02/2003 GUILTY CONVICTED


    Case #2 Riverside County Superior Court RIF118953
    1 PC 273.5(E) Felony Corporal Injury on Spouse/Cohabitant 08/26/2004 GUILTY CONVICTED


    Case #3 Riverside County Superior Court RIM431684
    1 PC 243(E)(1) Misdemeanor Battery on Spouse/CoHabit/Pare 02/11/2003 GUILTY CONVICTED

    On November 23, 2004 Maurice 'Moe' Bedard was sentenced to 2 years in State Prison, (less 66 days time served). Remanded to custody of Riverside County Sheriff, subsequently transported to California Rehabilitation Center in Norco, CA.

    Soon after he got out of prison, Moe began working on the idea of Loan Safe in early 2007. The website loansafe.org went live that summer. The actual 'for profit' business of Loan Safe Solutions opened to the public in May 2008. Moe makes claims that loansafe.org is a 'not for profit' (same as non-profit), however the company is not registered with the IRS as a 501(c)(3) Non-profit organization.

    The website loansafe.org, is actually an extremely good source of information for distressed homeowners to help themselves with the support of the loansafe community of volunteers. For homeowners who want help from an attorney, Loansafe.org has their 'selected' attorney or law firm advertise on their site for a marketing fee which is paid to Loan Safe Solutions. A portion of EVERY retainer fee collected by the law firm which got the lead from Loansafe.org is paid to Loan Safe Solutions.

    The Law Offices and Loan Safe Solutions are separate entities. However, Moe calls the shots at both. The attorneys do their attorney work, but regarding policies & procedures for Loan Safe cases, we all know Moe is basically in charge.

    Once the fee has been paid by the homeowner and the required paperwork has been exchanged and received by the salesperson aka 'Mortgage Investigator', the case is then handed over to Loan Safe Solutions for the forensic auditing and processing of the modification with the lender. The 'Forensic Loan Audit' may or may not play a part in the negotiations with the lender. As the Federal Loan Modification programs become generally accepted by the lenders, the audit will become unnecessary in most cases.

    While the case is being processed at Loan Safe Solutions, the auditing staff of 2 young ladies, probably no more than 24 years old and each with just a few years experience in the RE business review the old loan for violations and prepare the loan audit. Neither one of these persons have Real Estate Salesperson licenses.

    The processing staff of just 2 people as of last Friday, prepare the submission of the loan modification file to the lender. Neither one of these persons have Real Estate Salesperson licenses. It is the job of the processing staff to submit the file to the lender and to follow the progress of the case with the lender's loss mitigation agent. The processor/negotiator person discusses information and terms of proposals between the homeowner and loss mitigation person at the lender.

    You may have noticed that there has not yet been an attorney involved in the case. As a practical matter, the attorney who is assigned to these cases is a young man who just graduated from law school and passed the bar within the last 2 years. The supervising attorneys were admitted to the bar in June 2005 and June 2006. The attorney assigned to a case may or may not review the file in the early stages and talk with the homeowner on the phone. The attorney generally make the final call to discuss the proposed modification with the homeowner and will advise them as appropriate.

    At this point, it would be helpful for the reader to understand the layout of the offices and the relationship to the law firms. Loan Safe Solutions occupies a leased building in Corona. There is approximately 6,000 sq. ft. of office space. On 1 side of the building the Loan Safe Solutions corporate staff and support personnel have offices. The other side of the building is the 'Law Office' staff, the actual attorney office and processing. There is no physical separation between Loan Safe Solutions and the Law Office sales staff. The salespeople 'Mortgage Investigators' used to occupy about 30 cubicles. The attorney has a separate locked office. The Law Office personnel and Loan Safe Solutions personnel can freely move about the shared office space. In fact, the phone lines that come in are answered by persons employed by Loan Safe and they can transfer to either Loan Safe or the Law Offices.

    In the building adjacent to Loan Safe, there is another law office which feeds cases to Loan Safe Solutions.

    In September 2008, the very experienced and savvy B2B Sales Manager left the company over growing frustration over cases not being handled properly and the huge increase in complaint calls from brokers and homeowners.

    In September 2008, Moe abruptly shut down the 'B2B' division of Loan Safe and laid off almost all of the sales staff.

    In September 2008 the original Law Firm #1 ceased taking on Loan Safe cases. Law Firm #2 was created.

    In November, the V.P. of Operations suddenly resigned, citing dissatisfaction with the processing method as being overly complicated and time consuming. Moe's frequent verbal abuses of the personnel was also a contributing factor to resigning.

    Loan Safe Solutions received a trademark infringement complaint in late 2008 initiated by First American Title Company. First American has a division called Corelogic which has had a product on the market for many years called LoanSafe 2.0. The complaint alleges trademark infringement of the LoanSafe trademark by Loan Safe Solutions. As yet, unresolved.

    In January 2009, the CEO of Loan Safe left the operation due to differences of opinion on the proper operation of the business.

    In late February 2009, the corporate attorney for Loan Safe was all of a sudden not at work. Who knows?

    In late February, Law Firm #2 ceased taking on new business from Loan Safe. Law Firm relationship #3 was established.

    In early March 2009, almost all of the 25+ sales people 'Mortgage Investigators' were fired.

    Last week, everyone in processing (except 2) and everyone in auditing (except 2) were fired.

    A little over 3 weeks ago, Moe made an announcement to management that he was considering selling Loan Safe. Unknown at this point if any action has been taken.

    Homeowners who are researching loan modifications should do their own due diligence, make wise decisions and are advised to not rely solely on this information for making their decisions.

    loansafe, loan safe, loansafe solutions, modifyloan, loanwork, predatorylendinglaw, mhlloanpro, Moe Bedard, convicted felon, abuse, loan modification, forensic loan audit,”

    *article from www.ripoffreport.com

  2. 04-30-2009, 06:01 AM

    Reason
    Deleted at posters request

  3. #2
    Join Date
    Apr 2009
    Location
    USA
    Posts
    1

    Re: Moe Bedard Of Loan Safe Spins A Tangled Web

    Moe Bedard’s website www.LoanSafe.org is quoted saying Loan Safe is “based on the simple premise of “paying it forward”. We help you, you help him, he helps her and so on and so on….. No strings attached ever and no favors needed to be paid back. Just pay it forward to the next person in need of help!.....”

    Well Moe Bedard sure did pay it forward …… in a negative, economy crushing way!!!! Way to go Moe! Not only are your employees out of work but you have deceived the American people.

    Moe Bedard has spent the past year of his life/career at Loan Safe manipulating and distracting the American homeowner, the US Government, the media, the Banks, and his own employees. Moe Bedard has accused everyone (from Wall Street to the Government) of causing the home foreclosure crisis. However, Mr. Bedard has done nothing to help the problem or to help Americans. The one thing Moe Bedard has successfully done is increase the outrage of homeowners across the country. Moe has increased the homeowners paranoia, finger pointing, and distrust of Wall Street and the US Government making it more difficult (if not impossible) for all parties involved to solve the problems at hand.

    Moe Bedard has spent countless hours planning events and protesting at Banks such as Morgan Stanley, calling it “Save the Dream Campaigns”. Moe Bedard rally’s together frightened homeowners with aggressive advocacy groups causing turmoil and chaos. I fail to see whose dream is being fulfilled. These types of actions are negative and help no one. The banks are being distracted from performing their job duties and the homeowners are getting riled up and outraged. Moe Bedard convinces the homeowners to complain and rebel instead of helping to fix their current circumstances. Other modification companies who are trying to work with the banks and homeowners are being distracted in their efforts in order to do damage control.

    Moe Bedard is constantly trying to ruin the reputations of legitimate Loan Modification companies accusing them of defrauding consumers, stealing money, and ruining the lives of hundreds of homeowners. These companies are doing the right thing, helping the banks workout negotiations with the homeowners, following government guidelines, saving homeowners from losing their homes, and employing hundreds to thousands of out of work Americans.

  4. #3
    Join Date
    Jun 2009
    Posts
    1

    Re: Moe Bedard Of Loan Safe Spins A Tangled Web

    Hi there, Would a new one like me be welcome here?


    pret personnel

  5. #4

    Re: Moe Bedard Of Loan Safe Spins A Tangled Web

    I am very impressed with your detailed post regarding Maurice "Moe" Clement Bedard Jr. I have had the unplesant experience in dealing with not only him via email, but also with a client of his. I do have to state that the people who post their frustrations on his blog site - Loansafe.org - are the most ignorant group of people I have ever come across. Since he refuses to remove my name from his .org site then I will continue to post my response to Mr. Alex Arriaga, A.K.A. Saint3600 on the website LoanSafe.org:

    Mr. Alex Arriaga, A.K.A. saint3600,
    Since you seemed moved to use my name within your post and not identify yourself then I will identify you. You gambled with your American Dream, your house. The fact that it has turned into a “nightmare” is only because of your inability to manage your finance coupled with the unique ability to make poor choices. Lets begin with a time line that is relevant to this case shall we? So that anyone who reads this understands that is it not the responsibility of the American tax paying citizens to bail you out from your poor financial choices that you were clearly aware of making. You purchased the house in June of 2003 and as per your hardship letter that you prepared you “ refinanced into a sub prime loan since our credit scores were very low in 2006 to pay our debts but the proceeds were not enough to completely pay all of our debts. The original loan was for $270,000.00; the new loan was for $332,000.00. The refinance caused the principal balance to increase because of the cost of the loan and cash we pulled to pay our debts.” Just a side bar – this is what happens when a person refinances and utilizes the equity within the property to pay off high interest rate debt. “We refinanced again in 2007 into a 40-year loan with a balloon payment to pay the remainder of our bills. We also took out a second mortgage to pay off the notes on our cars and to pay the annual taxes for 2007. Since our monthly obligations were more than our pay and left over money was used to pay our monthly bills.” Your post also makes mention that you took “advice from a loan officer that assured you that you could refinance before the rate would adjust.” Who in their right mind would take advice from a loan officer that was most likely selling cell phones at a kiosk in the mall two months before your application landed on his desk?
    So lets recap, your credit scores were low in 2006 I have to assume because you and your wife can not pay your bills on time and/or you both have other derogatory reporting information that would obviously cause you both to be less than “A” paper borrowers. Second, you both refinanced yet again (or should I phrase it; you both gambled again) in 2007 to pull out the year’s worth of additional equity your property gained. That refinance resulted in an additional poor financial choice because it placed you both in a high-risk sub-prime adjustable rate mortgage and it extended the term from the previous 360 months to 480 months. If this wasn’t enough for you both to gain a hold of your finances you took out a second mortgage (a HELOC) with HFC at $19,000.00 with an APR of 14.890%. You stated in your hardship that you gambled with this second mortgage to pay off the notes on your cars, however you now have a new installment debt obligation (that would be a new car loan in case you didn’t know what an installment debt was) at $736.00 per month. Way to manage your finances. What is clear regarding this mortgage is that since your wife is named first on this note, you Mr. Arriaga had at the time too much debt and/or your fico score was low enough to render you inadequate for that loan, so you wife was placed as the primary borrower (she had a higher fico score) in order to qualify and you were placed as co-borrower.
    Your post, Mr. Arriaga, states that part of your new hardship is that because your wife works for the school district it “restructured its staff due to budget cuts she was going to be out of work for the summer with no pay.” Your wife has worked for the same school district for seven years, that is six years long enough for you both to realize that you would need to budget your combined income in order to prepare for the summer months in which your household was going to have a decrease in income for that time frame. Correct? I hope your wife is not a teacher of arithmetic or finance for the school district.
    Based upon the above listed information, both you and your wife have been unable to manage any of your finances and your past habits concerning money keep repeating themselves which results as poor financial choices on both your parts. It is not my responsibility as a tax-paying citizen to bail you out because you abused the privilege of owning a home in this country. Mr. Arriaga you cannot afford this house and you should not be given a loan modification. You gambled with the biggest investment of your life and you lost. This is not my responsibility or anyone else’s. You must accept the consequences of your poor actions. Congratulations.

  6. #5
    Join Date
    Sep 2010
    Posts
    1

    Re: Moe Bedard Of Loan Safe Spins A Tangled Web

    He may be a wife abuser, a weed smoker and lacking morals. But he helped me and many others in saving their homes. I don't care what he did in the past. Ever heard of karma? He paid his debt BIG TIME!!!
    Look at the fact that he spent time in prison and came out, making a difference. Isn't that what rehabilitation is all about?
    Moe Bedard, I AM THANKFUL FOR YOUR HELP AND THE LOAN SAFE SITE YOU CREATED!!!! God bless you.:spin2:

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