MFI-Miami Blog

Five Reasons Why Facebook Marketing Sucks And Why You Should Quit Wasting Time And Money On It Let’s face it. Facebook marketing is a waste of time and money. Facebook has become a Frankenstein’s monster. So, is it time to commit Facebook Harakiri? Facebook Harakiri is when you kill your Facebook account and end your presence on the social media site altogether. Individuals usually do it for various reasons. However, now it may be time for your business to seriously consider doing it.  I am currently considering pulling the plug on Facebook for  MFI-Miami . Why? Month after month Facebook has been  MFI-Miami’s  worst-performing referral source for internet traffic. Read more at MFI-Miami

Mortgage Forbearance Alert: Whopping 4.2 Million Homeowners Are In Mortgage Forbearance Agreements Mortgage lenders across the USA have placed a whopping 4.2 million mortgage in mortgage forbearance. The Mortgage Bankers Associations says this represents 8.4% of outstanding home loans. The numbers increased from 4.1 million mortgages last week. The MBA says Ginnie Mae mortgages were most likely to be in forbearance. Ginnie Mae loan pools are primarily backed by the Federal Housing Administration and the Veterans Administration. Thus, Ginnie Mae had an 11.6% share of loans in forbearance. This is an increase of 11.3% from the prior week. FHA borrowers tend to have lower credit scores and slimmer savings. As a result, they are being harder-hit by  a spike in job losses. Read more at MFI-Miami

It’s Pandemonium! Florida Landlords Are Already Lining Up To Evict People When Eviction Moratorium Ends Next Week Florida landlords aren’t waiting for Florida Governor Ron DeSantis’s executive order banning landlords from evicting people from their homes to expire next week. Courthouses across Florida have seen a stampede of thousands of eager landlords filing eviction cases. They hope to be one of the first cases heard next week when the eviction moratorium is lifted. They include more than 250 in Hillsborough County alone. Landlords in Pinellas County have filed about 190 evictions since DeSantis’ order. By contrast, Miami-Dade, Broward, and Palm Beach counties  refuse to accept filings . DeSantis recently extended the stay on evictions until June 2 as a result of the COVID-19 pandemic. DeSantis has also said he will not extend his order. Read more at MFI-Miami

South Florida Home Sales Plummet In April By 36%+. Experts Blame COVID-19 Pandemic And Mass Unemployment  South Florida real estate agents have seen their commissions evaporate in April as home sales plummet. Bad News South Florida! South Florida home sales have plummetted across the board in April. This is also bad news for real estate agents who have seen their commissions literally disappear. Real estate experts say it is due to the region being under a shelter-in-place order. Governor DeSantis’ executive order canceled or put on hold a huge number of sales. Condo sales in Miami-Dade County were also impacted. Miami-Dade condo sales were hit with a 48% drop compared to April 2019. Overall, condo sales performed worse than single-family home sales.  Berkshire Hathaway HomeServices EWM Realty CEO Ron Shuffield gave his prediction to the Real Deal in March: April is going to be a month people are not going to like. Read More At MFI-Miami

Ghetto Brawl Erupts Between Detroit Democrats As Pro-Trump Democratic State Rep Sues Detroit Democrats For Defamation  Grab the popcorn! A good old fashioned political ghetto brawl has broken out in Detroit and it’s going to get nasty! Detroit State Representative Karen Whitsett has filed a federal lawsuit against the 13th District Democratic Congressional District Committee and Governor Gretchen Whitmer. Whitsett claims the Democrats conspired to violate her right of free speech. She also alleges members of the Michigan Democratic Party conspired to destroy her character. Whitsett claimed Whitmer and the 13th Congressional District Democrats sought to deprive her of her right to free speech. Trouble began after Whitsett publicly thanked President Donald Trump for his suggestion of using the drug hydroxychloroquine to treat her coronavirus case  back in March . Doctors prescribe Hydroxychloroquine to prevent malaria and complications of Lyme disease. Whitsett suffers from Lyme disease

Mall Of America On Verge Of Foreclosure As Megamall Misses Two Payments On Its $1.4 Billion Mortgage To Wells Fargo Is this the future for the Mall of America? The Mall of America has missed two months of payments on its $1.4 billion mortgage amid the  coronavirus  pandemic.  The Mall of America is the largest mall in the US. It is now delinquent on its monthly payments to Wells Fargo in April and May. According to Wells Fargo foreclosure manuals, the mall is now in default. CNBC  is reporting that the mall operated by private developers Triple Five Group notified Wells Fargo that it is facing hardships. However, it isn’t clear if they will try and seek relief from Wells Fargo. The Mall of America which is valued at $2 Billion was forced to close on March 17th. Read More At MFI-Miami

How To Represent Yourself In A New York Foreclosure. DON’T!   newyorkforeclosureblog   Blog So, you’ve been served with foreclosure papers? You’re figuring you can walk into the courtroom and represent yourself. Hold on, there, Sparky. Just because you watched a rerun of Matlock at the bar last night doesn’t make you a lawyer. Nor does it qualify you to successfully keep you, your wife, and your kids from being tossed on the streets. Matter of fact, if you do go into court trying to represent yourself, there’s a good chance you and your family will be living in a refrigerator box under a freeway overpass. New York judges have no tolerance for Pro-Se litigants and will do everything they can to kick you out of a courtroom and make sure you don’t come back! The courts are not designed for the common man. They were desi So, you’ve been served with foreclosure papers? You’re figuring you can walk into the courtroom and represent yourself. Hold on, there, Sparky. Just because you watched a

Landlord Warning! Don’t Be A Victim Of Rental Application Fraud! Rental Application Fraud Increased By 9% In April MFI-Miami has issued a Landlord Warning to landlords. Why? Real estate tech company Snappt is reporting some disturbing news about rental application fraud. The company found rental application fraud has risen 9% since the COVID-19 pandemic began. Snappt surveyed 100 residential property managers who manage more than 1,000 units. Snappt data shows 66% of the property managers surveyed had been victimized by fraudulent applications. Fraudulent applications often lead to evictions. The survey also shows property managers estimate almost 1/3 of evictions are due to fraudulent applications. Most people don’t understand that evictions are expensive. Landlords on average pay $7,685 to evict a bad tenant. Read more at MFI-Miami

Mortgage Servicer SLS Has Lawyers Go All Lord Humungus On MFI-Miami  Australian Owned SLS wants to act like Lord Humungus from Mad Max 2: The Road Warrior It seems as if MFI-Miami has gotten the attention of Australian-owned mortgage servicer SLS or Specialized Loan Servicing. As a result, SLS has now used its lawyers to go  all Lord Humungus  on MFI-Miami. Hopefully, you’re old enough to remember who Lord Humungus was. For those of you who don’t, he was the savage mutant who ruled the wasteland of post-apocalyptic Australia in  Mad Max 2: The Road Warrior .  SLS had their Florida attorneys send me a nastygram threatening to sue me last week for defamation. Apparently, they weren’t happy about an article I wrote about them in March. Obviously, I struck a nerve. Read more at MFI-Miami

Add caption Are Restuarant Owners Trying To Cash In On A National Crisis By Charging Patrons A Restaurant COVID-19 Surcharge? Good news! Restaurants in most of the United States are starting to reopen for dining patrons. This is good news for budget-minded people who don’t like to cook. People paying 20-30% more for delivery through Grub Hub and Door Dash and add up especially if you haven’t received a paycheck for over a month. However, restaurants are now adding a Restaurant COVID-19 Surcharge on all their orders. Thus, adding to the stealth inflation that will cripple the economy when the crisis is over. Around the US, restaurant patrons are seeing a restaurant COVID-19 surcharge on their food orders. These surcharges range anywhere from a dollar to $5.00 depending on the restaurant.  Read more at MFI-Miami

Countrywide Financial May Be Gone But It’s America’s Wholesale Lender Scam Is Creating Title Nightmares Decades Later Former Countrywide Financial CEO Angelo Mozilo. The mastermind behind Countrywide’s America’s Wholesale Lender scam MFI-Miami has been receiving lots of phone calls lately about the now-defunct Countrywide Financial’s America’s Wholesale Lender scam. Distraught title agents and homeowners are calling MFI-Miami in a panic. They are asking what to do about mortgage liens under the name  America’s Wholesale Lender . These mortgages are from over 15 years ago. They have never been discharged or recorded on the public record as being satisfied. Thus, this creates a title nightmare for homeowners trying to sell their home or refinance. Countrywide Financial created America’s Wholesale Lender around 2001 to separate loans originated by their wholesale division and their retail divisions. If your mortgage says,  America’s Wholesale Lender , you need to call us

Mortgage Servicers Busted Reporting COVID-19 Mortgage Forbearance Agreements To Credit Reporting Agencies Mortgage servicers are at it again with the shady tactics. This time they are reporting COVID-19 mortgage forbearance agreements to the credit reporting agencies.  Mortgages in forbearance as a result of COVID-19 have to be reported as “current” on credit reports. That’s the law.  Section 4021  of the CARES Act says servicers  “shall report the credit obligation or account as current.” However, mortgage servicers have found a loophole. That loophole can make it difficult for people with mortgages in forbearance to get another home loan after the COVID-19 crisis is over. Homeowners who entered into a COVID-19 mortgage forbearance agreement could have their ability to refinance or buy a home impacted when the crisis is over. The CARES Act doesn’t mention the comments section of credit reports. This is the loophole servicers are exploiting. Mortgage servicers are placing

Long Island Strip Club Owner Sues New York Governor Andrew Cuomo And SBA Over Covid-19 Restrictions Long Island strip club owner Sean McCarthy has owned Blush Gentleman’s Club in Commack since 1997. McCarthy claims New York State stripped of his constitutional rights. Now he has filed a federal lawsuit against Cuomo and the state of New York. The target of his wrath is New York Governor Andrew Cuomo.  The Long Island strip club owner filed suit against Cuomo over his executive orders shuttering non-essential businesses amid the pandemic. McCarthy’s attorney, Joe Murray told the New York Post: Governor Cuomo is engaged in a huge overstep of executive power. He is infringing on people’s fundamental civil rights far beyond the least restrictive means allowable under the constitution. Someone should remind him he is the governor and not the king. Read more at MFI-Miami

Cha-Ching! Florida HOA Lawyers Are Preparing To Foreclose En Masse On Homeowners Delinquent On Their HOA Dues Lawyers are getting ready to foreclose on homeowners delinquent on their HOA fees. Florida HOAs and Florida HOA Lawyers are watching you. They are keeping a close eye on if you are making your HOA payments during the COVID-19 pandemic. The COVID-19 pandemic has devastated the Florida tourism and hospitality industries. As a result, more than 1 million people in Florida have filed for  unemployment. When people have a loss in income, COA and HOA maintenance fees become a low priority. Thus, they usually don’t get paid. Nearly 60% to 65% of homeowners statewide live in communities run by HOAs or COAs. As a result, smart Florida HOA lawyers are seeing the handwriting on the walls. Read more at MFI-Miami

The New York Shakedown! New York Governor Andrew Cuomo Says Visiting Healthcare Heroes Must Pay NYS Income Taxes The New york Shakedown is back and this time Cuomo has health care workers in his sights. Health care heroes came from around the country to help fight the coronavirus outbreak in New York. Now Cuomo and the state of New York say these heroes will have to pay state income taxes. The taxes would also affect Samaritan’s Purse and other Christian aid organizations. They set up a temporary hospital in Central Park. Cuomo said: We’re not in a position to provide any subsidies right now because we have a $13 billion deficit. So there’s a lot of good things I’d like to do. If we get federal funding, we can do it. But it would be irresponsible for me to sit here looking at a $13 billion deficit and say I’m gonna spend more money.  The issue first arose when  Samaritan’s Purse  was setting up its emergency field hospital. The charity’s comptroller noticed that NYS la

Brett Favre On Payment Plan To Repay $1.1M in Mississippi Welfare Funds He Took For Events He Never Attended Former NFL quarterback Brett Favre is repaying $1.1 million in welfare money. Mississippi state auditor states Favre received the money for multiple events that he did not show up. Mississippi Auditor Shad White said his office received $500,000 from Favre on Wednesday. Favre also made a commitment to repay the other $600,000 in installments over the next few months. Favre’s effort to repay the money came after White released an audit by the Mississippi Department of Human Services. The audit showed the Mississippi Community Education Center paid Favre to attend certain functions. MECE is a nonprofit group. Former MECE leader Nancy New was indicted in a welfare embezzlement scheme. Read more at MFI-Miami

Mac Properties Tells Tenants Affected By COVID-19, “PAY UP OR GET THE EFF OUT!” Mac Properties is using heavy-handed tactics in Chicago during the pandemic to ensure renters pay up. The company owned by Antheus Capital also got creative with doing evictions. The company decided to do themselves after the Cook County Sheriff stopped serving them on tenants. Mac Properties is one of the few landlords still proceeding with evictions. The property management arm of Antheus Capital owns 5,000 units across Chicago. Mac Properties is beginning to anger tenants by demanding they sign  nondisclosure agreements  before discussing rent-payment plans. Despite the pandemic, Mac has not granted rent forgiveness. Instead, it has outlined a policy that includes allowing residents to pursue  “a path to lease termination”  or to move into a cheaper unit. Court records show the company filed two eviction claims in recent weeks in addition to the nine it sent in March. The April evictions wer

The 2nd Financial Crisis Of The 21st Century Begins! Chase And Wells Fargo Stop Originations Of HELOCs.  Strap yourselves in and get ready to rumble! America is in the infancy of its second financial crisis of the 21st century. Two of the largest banks in the US have announced they will terminate all originations of HELOCs until further notice. HELOCs are also known as Home Equity Lines of Credit. Both  JPMorgan Chase  and  Wells Fargo  announced they are no longer accepting applications for new HELOCs. Wells Fargo Spokesperson Tom Goyda said the change went into effect last Friday. Goyda said Wells Fargo is making the change due to uncertainty in the economy. The decision to suspend the origination of new HELOCs reflects careful consideration of current market conditions and the uncertainty around the timing and scope of the anticipated economic recovery. Wells Fargo’s decision will not impact the bank’s existing HELOC customers. Borrowers with existing HELOCs will be

Is Michigan House Minority Leader Democrat Christine Greig Racist Or Just A Clueless Entitled White Suburbanite? House Minority Leader Democrat Christine Greig I’m starting to believe that Michigan House Leader Democrat Christine Greig is either a closet racist or your typical out of touch suburbanite with a sense of entitlement.  I grew up in the white Detroit suburbs. I have also lived in other metropolitan areas like New York and Miami. So I can say with experience that Metro-Detroit is still one of the most segregated regions in the country. White suburbanites in suburban Wayne and Oakland County stay away from Detroit except to go sporting events and concerts. When they do, they then hightail it back to the lily-white suburbs.  Growing up there, I can tell you that most white people in Detroit’s suburbs are racist. Most of them may not verbalize it or show it in public. Nor will they say it to a black guest in their home. Sure, they’ll be nice. They’ll be polite. Th

COVID-19 Spawns Pandemic Of Degenerate Landlords Offering Women Free Rent For Sex Pervert Long Island landlord “Eddie” trying to explain to Inside Edition Producer Alycia Powers why he is not a degenerate. The Covid-19 pandemic has spawned an army of degenerate landlords offering free rent for sex. It seems these perverts believe landlord-tenant porn they see on PornHub is real. Inside Edition  busted Long Island landlord “Eddie” offering free rent in exchange for sexual favors from tenants. Producers found a post “Eddie” posted on Craigslist in a titled “Room Share for Submissive Female.” Eddie wrote: During these hard times, Covid-19 has thrown many in a tailspin. If you are a submissive female and wanting to barter session/playtime once per week in lieu of rent we should talk. Inside Edition Producer Alycia Powers responded to the ad. Eddie reportedly told her he wanted to try out the arrangement first and suggested they meet at a local Days Inn in Long Island.  Rea

Bank Hapoalim Pleads Guilty To Hiding Money Offshore And Agrees to Pay Nearly $875 Million In Fines The United States Attorney in Manhattan announced the guilty plea of Bank Hapoalim (Switzerland) Ltd and Bank Hapoalim BM. The Israeli Bank is accused of hiding more than $7.6 billion for customers in more than 5,500 secret Swiss and Israeli bank accounts.  The bank agreed to pay approximately $874.27 million to the federal government and the NYDFS.  Manhattan US Attorney Geoffrey S. Berman said:  Israel’s largest bank, Bank Hapoalim, and its Swiss subsidiary have admitted not only failing to prevent but actively assisting U.S. customers to set up secret accounts, to shelter assets and income, and to evade taxes.  The combined payment approaching $1 billion reflects the magnitude of the tax evasion by the Bank’s U.S. customers. Read more at MFI-Miami