MFI-Miami Blog

Wells Fargo Bank Teller Admits He Stole $185,000 From Homeless Customer Who Walked In With Bag Of Cash A former Wells Fargo bank teller at a Washington DC branch stole more than $185,000 from a homeless customer. Phelon Davis pleaded guilty in the US District Court to interstate transportation of stolen property. Davis will likely spend 18 to 30 months in prison. The former Wells Fargo bank teller agreed to a plea agreement that requires him to pay back the $185,400. Davis' crimes were considered interstate because he transferred stolen money between the nation's capital and Maryland. The homeless man was a street vendor and a long-time customer of the branch. He brought a large amount of cash in a bag to the bank branch. The customer wanted to deposit in October 2014 but he lacked identification. Davis told the customer where to get ID documents and a Social Security card. Read more here   Check us out on Facebook

Employees Sue Antioxidant Drink Company Bai Brands, LLC For $1.7 Billion Three former employees of antioxidant drink company Bai Brands, LLC have sued the company and its recently departed founder and CEO, Ben Weiss, for allegedly cheating them out of the fair market value of their ownership stakes in the company ahead of its $1.7 billion sale to Dr Pepper Snapple (DPS) last November. Michael Scarry, Alexis Rodriguez and Barton Bennett filed the complaint in the Court of Common Pleas of Philadelphia County, Trial Division on June 29, claiming tortious interference against Weiss and accusing Bai of breach of contract and failure to pay wages following their termination from the company less than three months before its acquisition by DPS. Read more at:  https://www.bevnet.com/news/2017/ex-employees-file-lawsuits-bai

Experian Data Breach Has Consumers Flocking To Bureau's Website To Dispute Information The news of the Experian data breach has had our phones ringing for the past several weeks. Consumers want to know if their private information is safe from identity thieves. They also want to know how they can dispute erroneous information on their credit reports.  First of all, consumers don't need to worry about identity theft from the Experian data breach. The media made it sound worse than it was. Secondly, consumers need to understand that credit reporting errors are common. The Federal Trade Commission estimates that roughly one in four consumers have an inaccurate credit report. It can also take one error for a finance company to decide you are not creditworthy. Read more here

Student Loan Debt Is Beginning To Affect The Housing Market As Millennials Hold Off Buying Real Estate Student loan debt is starting to affect the housing market and that should be no surprise. Millennials are reluctant to buy their first home until they finish paying off their student loan debt. A National Association of Realtors report finds that 83% of Millennials cite student loan debt as the reason. Almost 30% of the Millennials who do own a home say their student debt prevents them from selling. Among first-time home buyers, 40 percent still have student loans. Read more here  

Bronx Foreclosure Defense Team Hits Home Runs Out Of The Ball Park MFI-Miami has created the most aggressive Bronx foreclosure defense team New York has ever seen! We are the only foreclosure and mortgage experts with the strength to successfully challenge any Wall Street lender in a Bronx or New York courtroom. Our competitors show off one or two victories but they can't beat our track record. How do we know this? Because we have the 10-year track record  to prove it!  MFI-Miami's Manhattan foreclosure defense team has become a lender's worst nightmare. Why? MFI-Miami has successfully challenged some of the most arrogant foreclosure mill lawyers and Wall Street lenders in New York. For nearly 10-years, MFI-Miami CEO Steve Dibert has developed a reputation of bringing Wall Street banks to their knees. He has even humiliated bank lawyers and made bank executives sob like babies during depositions.  Steve Dibert has also helped keep lenders from discrimina

David Trott Introduces Bill That Would Indemnify His Former Firm from Liabilities Under The Dodd-Frank Act And The FDCPA Congressman David Trott has introduced a bill (HR 1849) that would allow law firms to sidestep federal laws barring abusive debt-collection practices. The bill would allow firms like Trott Law to continue to make false threats and pressuring people to pay debts they don’t actually owe. Something Trott Law and Trott & Trott have been doing for nearly two decades. Everyone in foreclosure defense industry sees a conflict of interest for Trott because it benefits his former foreclosure law firm. Trott Law PC and Trott & Trott (the firm's previous name) is Michigan's largest foreclosure mill. Trott Law and Trott & Trott have been sued repeatedly in federal court. Homeowners continually allege violations of the Fair Debt Collection Practices Act. The law firm disputes the allegations. Read more here: David Trott

Kings Lake University seemed like a perfect fit for Erwin Sniedzins. It shared his paranoia of traditional universities  Erwin Sniedzins found Kings Lake University on the internet. The school offered a master's degree requiring no exams or academic work. Sniedzins thought it was a school sharing his unconventional approach to education. Sniedzins told CBC Toronto: I don't necessarily like to pay $30,000 to get a master's when I feel I already have the knowledge. Sniedzins is president and CEO of educational software company, Mount Knowledge. Sniedzins describes himself as an "Artificial Intelligence Gamification Patent Inventor and Professor. He also claims to be an inventor, Keynote Speaker and Author on his LinkedIn profile . Sniedzins also ran for Mayor of Toronto in 2014 and received 104 votes. Read more at:  Kings Lake University Sells Man Fake Masters Degree For $8100

What You Need to Know About Reverse Mortgages What are Reverse Mortgages? Reverse mortgages are home equity loans that allow you to convert part of the equity into cash. This can be an attractive option for senior citizens who may find themselves "house rich" but "cash poor." Equity is the difference between the appraised value of your home and your outstanding mortgage balance. The equity in your home rises as the size of your mortgage shrinks and/or your property value grows. In a reverse mortgage, you are borrowing money against the amount of equity in your home. As the name says, reverse mortgages work like a traditional mortgage, only in reverse. Instead of a borrower making payments to a lender, the lender makes payments to the borrower. Most reverse mortgages do not require payment of principal, interest, and fees as long as you live in your home. The homeowner can use the money for anything. The lender will require the homeowner pay off the bal

HECM Rules Allow Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM aka reverse mortgage program two years ago. Yet, many people are unaware that this change allows non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new guidance  earlier this year allowing FHA-approved lenders to delay foreclosure proceedings against non-borrowing spouses. Non-borrower spouses will be allowed to stay in the home in the event of the death of the borrower. Read more at  HECM Rules

Contrary To What The Prosecutor May Allege, You Committed Mortgage Fraud, Doesn't Mean You're Guilty. Clients accused of mortgage fraud tell MFI-Miami they didn't know they were committing a crime. In most cases, mortgage fraud suspects are usually right. The fraud is in the imagination of the prosecutor or U.S. Attorney with political ambitions. Most prosecutors have Kardashian Syndrome. In most cases, prosecutors tend to target amateur real estate investors and homeowners they know can't afford high-end lawyers. Prosecutors figure they can get a quick conviction and fine from the individual. They can also get their name on the news. Federal and state prosecutors tend to prefer going after these types of individuals because it's a numbers game. Prosecutors can extract fines from 10 homeowners or amateur investors faster and more cheaply than one deep pocketed bank executive.  Prosecutors often have to decide is it wiser to spend tens of millions of dol

The Two "America's Wholesale Lender" Frauds No One Is Talking About There is a good possibility your mortgage and note state the lender is America's Wholesale Lender if you received a Countrywide mortgage through a broker during the housing boom. Countrywide began using the name to determine which loans were originated on the wholesale market.  Countrywide Financial claimed  America's Wholesale Lender was a DBA of Countrywide Home Loans.  Any mortgage or Deed of Trust issued by Countrywide Home Loans that names America's Wholesale Lender as the "Lender", is usually followed by "Lender is a Corporation organized and existing under the laws of New York"  Read more here:  America's Wholesale Lender - Fraud Alert

Warwick Valley Rotary Club Expels Member For Protesting Speaker Giving "STOP THE JEWS!" Presentation To The Club On Yom Kippur The Warwick Valley Rotary Club appears to have stepped in a pile of deep trouble. The group has managed to piss off both Rotary International and the residents of the Warwick Valley at the same time.  Rotary Clubs aren't known for causing near riots in their respected communities. So it is unheard of for a local Rotary club to turn a community into utter chaos.  The Warwick Valley Rotary Club has figured out a way to do it and now the situation is getting ugly. The leadership of the club thought it would be a great idea to invite Emily Convers to address the club on Yom Kippur. Convers leads the Jew bashing group  United Monroe in neighboring Monroe Township.  Read moree here  Warwick Valley Rotary Club Expels Member For Protesting Nazi Guest

Bible Thumping Huckster Franklin Graham Favors Abusive Bestiality Relationships Over Homosexuality Franklin Graham is trying to rile up his delusional Christian base again. This time he wants his flock to boycott Disney's live action version of the Beauty and the Beast . Why? Franklin Graham seems fixated on a guy named LeFou. Lefou is a gay secondary character with a 30-second scene in the movie. LeFou apparently has a "moment" with the villain Gaston. Graham doesn't object to other plot points in the film. Plot points that would be blasphemous if you invoke Graham's interpretation of biblical scripture. Let's start with the hero, "The Beast." The Beast looks like a cross between a buffalo and Pan the Pagan god . Yet, Graham doesn't seem to have an issue with this.  Graham seems to be okay with Belle being forced into subjugative bestiality.  Read more here:  Franklin Graham Favors Bestiality Over Homosexuality

Raunchy Realtor Scott Adlhoch And His Mistress Aline Ermanni Busted Leaving Love Stains In The Homes Of Six Clients Scott Adlhoch aka the Raunchy Realtor is accused of having sex with a married woman at six of his clients' homes. Adlhoch allegedly used his clients' homes to rendezvous with his mistress for nearly two years. Aline Ermanni said she met up with the raunchy realtor at the homes in the Detroit suburb of Grosse Pointe. She also told WXYZ  the realtor seduced her and she chose to meet with him. The Ermannis divorced after Aline Ermanni's scorned husband filed a formal complaint against Adlhoch. The Michigan Board of Real Estate Brokers and Sales People apparently frowns on realtors using their clients' homes for kinky rendezvouses. They have now suspended Adlhoch for 30 days. Read more here:  Did The Raunchy Realtor Defile Your Michigan Home?

Nationstar Leadership Lets Company's Marketing Team Rebrand It As "Mr. Cooper"  Meet Mr. Cooper. The new name of Nationstar Mortgage. Nationstar entered 2017 looking for a fresh start and apparently a name change was just the thing. They didn't choose just any name. They chose to name the company after movie icon Gary Cooper. Nationstar also plans to base their corporate governance around characters the late actor portrayed in the movies. 2016 was not a good year for the mortgage servicer. The embattled servicer lost several senior executives and the value of Nationstar's stock dropped by 60%. They also were busted for trying to scam a 9/11 first responder .  Customers also describe their experiences with Nationstar as being like in the nightmare world of an Alice Cooper song .  Nationstar was also issued a fine by the CFPB in March for HMDA violations . Read more here:  Nationstar Puts Lipstick On A Pig And Calls It Mr. Cooper

Korean War Hero Faces Being Homeless Thanks To Carrington Mortgage And Being Scammed By A Michigan Lawyer  Large mortgage servicers like Carrington Mortgage seem to care more about their bottom line than our nation's military. Soldiers and sailors are coming home from battle only to find they have no home. Some have been fortunate to sue their lender and be victorious. Yet, the vast majority of servicemembers and veterans haven't been so lucky.  Bob Chalice is a combat veteran of the Korean War. He was a Navy gunner during the Battle of Inchon. He also shot down Chinese and North Korean planes during   Operation Wonsan . You would think Carrington Mortgage would be honoring this man and his service. Nope. Carrington Mortgage and their lawyer, Randall Miller and Associates had other ideas. They decided to take Bob Chalice's money and then foreclose on him and his family anyway. Miller is the brother of prominent Michigan Democratic politician Lisa Brown .

Andrew Buck PMP sued for the 2nd time in under a year for libel and defamation.  Yes, the rumors are true. I am suing United Monroe Activist Donald Andrew Buck aka Andrew Buck for Defamation in federal court in Miami. I am also suing General National. The LLC that up until recently that allegedly owned and allegedly managed his website, Suburbanites.com . Buck's wife, Anna allegedly owns and operates General National.  I allege in my suit that Andrew Buck began a campaign of defamation against me and MFI-Miami on his Suburbanites.com website in April of last year at the behest of United Monroe. Buck's first posts were about That's Where The Money Is . A radio show I produced on WTBQ. He states the show: Had difficulty booking guests and would harass prospective guests in social media attempting to goad them into an appearance. These claims are simply not true and where this information came from is unknown. It will be hopefully be disclosed when Bu

Emprise Bank Has Entire Arab-American Family Arrested After Father Attempts Deposit Check From Home Sale An Emprise Bank employee had an Iraqi-American doctoral student and his entire family arrested.  In incident happened when Sattar Ali attempted to deposit a large check from the sale of the family's Michigan home. Sattar Ali took a check for $151,000 from the sale of his family’s old house in Michigan to Wichita’s Emprise Bank. Ali gave the check and supporting documents to the teller. Within minutes, Police arrived and arrested Ali. Police handcuffed Sattar Ali and took him outside. They also arrested his wife and their 15-year-old daughter. In addition, police called the school of Ali's 11-year-old son and told school officials to detain the son. Police stated the bank could not verify the check and believed the check was fraudulent. Consequently, bank management then called the police. Ali told local news station  KAKE that he brought verification

Fraudulent Student Loan Debt Relief Companies Are Preying On The Most Vulnerable Student Borrowers A NerdWallet investigation has found fraudulent student loan debt relief companies are preying on the most vulnerable with student loans. Federal agencies dispute who’s to blame and what to do. The CFPB and the Federal Trade Commission have closed only seven companies that have scammed consumers. The scam outfits make rosy promises to borrowers promising reduced and forgiven student loan debt. NerdWallet discovered more than 130 student loan debt relief businesses with records of questionable or illegal behavior. State and federal documents nationwide identified companies hit by lawsuits and court actions or negative. Some of these bogus student loan debt relief companies also had owners who couldn’t manage their own debts. NerdWallet found many of the businesses are also still fleecing borrowers. Some charge illegal upfront fees and monthly dues for debt consolidation

A Reverse Mortgage Can Subject You To Foreclosure If You Don't Follow The Rules  A reverse mortgage is available to senior citizens aged 62 or over. These specialized loans essentially use the equity in a home as the basis for cash payments to the senior. Seniors can utilize these payments to supplement Social Security and other income.    Passes away    If the senior dies the heirs can pay off the debt and deed the property to the lender. They can also sell the property for at least 95% of the appraised value. Otherwise, the lender will foreclose. Move Elsewhere If the borrower moves to a nursing home, most lenders offer the borrower one year to sell the property.  In the event the borrower does not return in that period, he or she will need to repay the reverse mortgage. If not, the lender can foreclose. However, if the borrower simply moves out of the home, and even rents it out, the lender will require repayment immediately or they can move to foreclose. 

Former Financial Terrorist David Trott Announces Retirement From Congress Former Financial Terrorist David Trott aka El Gringo Bandito is leaving Congress at the end of his term. Trott announced his retirement Monday morning.  House Republicans were already bracing for a brutal 2018 election and Trott's retirement doesn't help. Democrats are giddy as they see another competitive district opening up with Trott's retirement.  President Trump won Trott's suburban Detroit district by 50% to 45%. Mitt Romney also won the district by roughly the same percentage in 2012. Yet, President Obama won it in 2008 and Democrats were already looking at Trott as a potential 2018 target. Trott said in his retirement statement: I have decided not to seek reelection in 2018. This was not an easy decision. I have decided that the best course for me is to spend more time with my family and return to the private sector. Financial Terrorist David Trott is also the fourth

IRS Filings Show United Monroe's Non-Profit Has Secret Sugar Daddies Rumors of who has been secretly financing United Monroe have run rampant throughout Monroe for years. Rumors that persisted because United Monroe members would get drunk at The Captain's Table or Bourbon Street Bar  and brag about the money United Monroe was raking in to "STOP THE JEWS!" United Monroe Leader Emily Convers tried to keep a tight lid on officially disclosing where United Monroe's money was coming from. That was until I posted their donor list last year. United Monroe leaders have also kept a tight grip on the financial disclosures of their non-profit, Preserve Hudson Valley (PHV). A non-profit Convers established in 2014 with John Allegro, Rich Cannava and Karen Hall. That is until MFI-Miami got copies of PHV's IRS filings that you can read below. PHV's Articles of Incorporation state the alleged purpose of the group is to: Promote a sustainable fut

Crazy Emily Convers Power Grab: Emily Convers has destroyed people's lives, their businesses and Monroe property values for the pursuit of power and greed! Tell the Orange County Legislature to stop Crazy Emily's power grab!

Billionaire Trust Fund Baby Turned Secretary of Education Betsy DeVos Wants To Eliminate Student Loan Debt Forgiveness Donald Trump may eliminate Student Loan Debt Forgiveness in his first budget. Secretary of Education Betsy DeVos has also publicly stated she strongly favors eliminating the Student Loan Debt Forgiveness plan. In addition, Betsy DeVos has failed to state how she plans to deal with federal student loans in the future.  Reports as of last May are that Trump and DeVos’ initial education budget will seek to eliminate the Student Loan Debt Forgiveness program. This would cost student loan borrowers billions of dollars. Yet, it would reap millions of dollars for the DeVos family. The DeVoses hold a sizeable stake in several student loan providers. Trump and DeVos also want to eliminate over $700 million in Perkins Loans and massively reduce work-study programs. Read more at  Student Loan Debt Forgiveness May Be History In Trump Budget