MFI-Miami Blog

MFI-Miami Is Giving Back To New York's Bravest! We're Giving FDNY Firefighters Facing Foreclosure 67% Off! New York is an amazing city. FDNY Firefighters are some of the most amazing and dedicated firefighters you can ever meet. When I started offering MFI-Miami services to the people of New York City in 2012, I soon fell in love with the city. I realized what Frank Sinatra was singing about all those years ago. After working in the city post-9/11, I soon learned that FDNY were also some of the best-trained firefighters in the world. They are also some of the most respected firefighters in the word. FDNY firefighters are also known for their culinary skills. Some of the best firehouse chili I have ever had has been made by FDNY firefighters. So with great gratitude, I have decided to give back to New York's bravest. I have decided to give FDNY firefighters and FDNY retirees who are facing foreclosure an amazing deal. MFI-Miami will offer FDNY firefigh...

MFI-Miami Is Giving Back To New York's Finest! We're Giving NYPD Top Cops Facing Foreclosure 67% Off! New York is an amazing city. NYPD Top Cops are some of the most amazing and dedicated police officers you can ever meet. I know because I come from a family of cops in Detroit. My grandfather was a patrolman in Dearborn, Michigan and two of my uncles were Detroit police officers. My parents also had lots of friends that were part of Detroit's finest who were always at our house. When I started offering MFI-Miami services to the people of New York City in 2012, I soon fell in love with the city. I realized what Frank Sinatra was singing about all those years ago. After working in the city post-9/11, I soon learned that NYPD Top Cops were also some of the best-trained police officers in the world. Retired NYPD officers are in demand around the United States. So with great gratitude, I have decided to give back to New York's finest. I have deci...

NYPD And FDNY Personnel Are Packing Up And Leaving Monroe, New York Many NYPD and FDNY personnel moved their families out of New York City after the terrorist attacks of 9/11. Many migrated 70 miles north where they found inexpensive homes and good schools in the Town of Monroe. That was a little over 16 years ago and things have changed in Monroe. Monroe is facing declining home values and high foreclosure rates. The town has become a hotbed of controversy. Residents have also filed a barrage of frivolous lawsuits alleging everything from public corruption and voter fraud. Aging police officers and firefighters have become Empty Nesters. Their kids are off at college or starting families of their own. So why should they stay in Monroe and deal with a house that is upside down? Or deal with the political craziness that has engulfed Monroe for nearly 5 years? Many NYPD and FDNY active duty personnel and retirees are going east to Dutchess County or Putnam County. Some reti...

Seniors Rejoice As Reverse Mortgage Foreclosures Face New Restrictions In The City Of Brotherly Love Unpaid taxes are one of the most common excuses lenders give for initiating reverse mortgage foreclosures. Yet, lenders don’t take into consideration that most counties or major cities allow people to pay their taxes in installments. It also seems like lenders don’t realize payment plans are common in major cities. Especially for seniors with reverse mortgages and people with serious health issues. Unfortunately, most reverse mortgage servicers don’t care about the payment arrangements made by the municipality. Mortgage servicers will use the unpaid portion of the tax bill as an excuse to foreclose. Philadelphia is about to put a stop to this shady practice by mortgage servicers. Philadelphia City Councilwoman Cherelle Parker has introduced a bill that would prevent the spread of reverse mortgage foreclosures in the city. The bill states that a...

Special Prosecutor Robert Mueller Accuses Paul Manafort Of Committing Mortgage Fraud And Bank Fraud Special Prosecutor Robert Mueller has charged Paul Manafort with more crimes. Mueller has now added a number of allegations of bank and mortgage fraud. Manafort  has already been charged  with laundering millions of dollars in foreign money through American real estate. Mueller’s team has detailed  how Manafort misrepresented the nature of his income. Mueller's indictment also showed Manafort used the properties to obtain millions of dollars in mortgages. Mueller's previous allegations surrounded the handling of foreign money Manafort received from foreign governments. Mueller has now openly  accused  Manafort of committing mortgage fraud. Manafort allegedly made fraudulent representations to The Federal Savings Bank. The bank gave Manafort over $9 million in loans secured to the property. The Federal Savings Bank is a privately held niche ...

Florida 4th DCA Rules Victorious Foreclosure Victims Cannot Collect Legal Fees From The Foreclosing Party Florida foreclosure victims who beat their foreclosure are not entitled to attorney fees. The Florida 4th District Court of Appeals ruled homeowners cannot collect appellate legal fees despite being the prevailing party. Borrowers Frederick and Jonelle Sabido successfully argued Bank of New York Mellon  lacked legal standing  to foreclose. Apparently, someone forgot to sign the promissory note and mortgage. The successful Florida foreclosure victims then tried to collect legal expenses from Bank of New York Mellon. This is customary in most judicial foreclosure states when the lender plaintiff loses. It is also common in most lawsuits involving monetary damages or real property. The Florida 4th DCA agreed that Bank of New York-Mellon lacked standing to foreclose. Yet the court denied the Sabidos their rights for costs under the under provisions o...

1st Freddie Mac Fire Sale Of 2018 Announced. $420 Million Of Non-Performing Loans Up For Auction Freddie Mac has announced the first Freddie Mac fire sale of 2018. The auction will consist of seasoned non-performing loans held in Freddie Mac's mortgage investment portfolio. Shellpoint Mortgage Servicing is the servicer of the loans. The Freddie Mac Fire Sale consists of four mortgage pools. The sale contains three standard pool offerings and one extended timeline pool offering. The later auction targets participation by smaller investors including nonprofits and minority or female-owned businesses. Freddie Mac announced bids for the standard pools are due from qualified bidders on March 13, 2018. The GSE also announced a deadline of March 27, 2018, for the EXPO pool. Freddie Mac is also requiring bidders to complete a qualification package in order to bid. The GSE also stated bids must be made on an all-or-none basis. Bidders can bid on any pool separ...

Broward County Judicial Candidate Leonore Greller Faces Scrutiny Over Past Ties To Loan Modification Scam Broward County Judicial Candidate Leonore Greller has figured out that the internet never forgets thanks to Buddy Nevins at Broward Beat . Especially if you were once in the crosshairs of MFI-Miami. The story begins in 2009 when I operated a sister website for MFI-Miami named MFI-Mod Squad . MFI-Mod Squad was nothing more than a blog that exposed scam loan modification companies that popped up in the wake of the financial crisis. The site soon became one of the most popular financial blogs on the web. Finance journalists and celebrities read my articles. Former cast members of the Aaron Spelling TV show, Mod Squad that inspired the name, even became fans. MFI-Mod Squad blogs were responsible for the Federal Trade Commission passing what is known as the MARS rule . The MARS rule bars loan modification companies from charging an upfront fee for debt relief services. T...

ICE Lawyer Raphael Sanchez Accused Of Stealing The Identities Of Seven Immigrants Under Review By ICE ICE Lawyer Raphael Sanchez is accused of stealing the identities of multiple immigrants. Sanchez is the Chief ICE Lawyer for Seattle. The alleged scheme took place between October 2013 and October 2017. Prosecutors alleged Sanchez stole the name and Social Security number of a Chinese national identified only as R.H. He also stole used the birthdate of the Chinese national to pay bills. The charges state that on April 18, 2016, Sanchez sent himself an email through his government account containing an image of a U.S. permanent resident card and the biographical page of a Chinese passport issued to R.H. Sanchez now faces one count of wire fraud and aggravated identity theft. Read more at MFI-Miami

Foreclosure Tsunami Hits New York State As 2017 Foreclosures Are 200% Higher Than 2010 New York is facing a foreclosure tsunami. However, foreclosure across the United States are at an 11-year low. New York seems to buck the trend. ATTOM Data Solutions released its Year-End 2017 U.S. Foreclosure Market Report. The report shows foreclosure filings and scheduled auctions were reported on 676,535 U.S. properties in 2017. This is down 27 percent from 2016 and down to the lowest level since 2005. Those 676,535 properties with foreclosure filings in 2017 represented 0.51 percent of all U.S. housing units. The report also includes new data for December 2017. December 2017 is the 27th consecutive month with a year-over-year decrease in foreclosure activity. ATTOM reports there were 64,651 U.S. properties with foreclosure. Read more at MFI-Miami

Airbnb Was Just Quietly Banned In Detroit. Is It A Setback For the Detroit Rennaisance?  The City of Detroit has stealthily enacted a new zoning ordinance that would ban Airbnb in Detroit. Many Airbnb hosts have received notices that the city has outlawed home sharing for R1 and R2 zoning. The vast majority of home sharing units in Detroit are in R1 and R2 districts. These do not include places like lofts, apartments, or larger developments. 2017 Airbnb data shows the home-sharing company has played an important role in reviving Detroit's economy. The company is also proud of its success in Detroit: 430 active hosts 50% simply share an extra, unused room Welcomed 47,000 guests to Detroit in 2017 Hosts earned $5.2 million in income in 2017 Typical Detroit host earns $6,600 annually through home sharing Chase L. Cantrell of Building Community Value alerted many to the new ordinance. Cantrell's company teaches people about small-scale redevelopment in t...

MFI-Miami Owner Channels Crazy Eddie And Goes Insane! He Slashes Prices On Mortgage Fraud Investigations  MFI-Miami has slashed the prices on mortgage fraud investigations to as low as $500. Lawyers at the law firms I work are asking me if I have gone insane offering this incredibly low price. I can assure everyone I am very sane but there is a method to my madness! Business has been slow the past few weeks. I have been trying figure out what to do to get the phone ringing. Then last night, it happened. I spoke to the ghost of Crazy Eddie Antar. The ghost of Eddie Antar told me to something insane.  GET THEM IN THE DOOR AND SIGN THEM UP! He then disappeared into the fog that had rolled in from the Everglades. So, as a result, I'm doing something insane. I'm offering our internationally recognized mortgage fraud investigations for the insanely low price of $500.00!  The same investigations that have kept hun...

PHH Executives Cry Like Frenchmen After Court of Appeals Declares Consumer Financial Protection Bureau Constitutional  The Court of Appeals for the District of Columbia reversed their  October 2016 decision  that declared the leadership structure of the Consumer Financial Protection Bureau unconstitutional. The original decision vacated a $100 million fine levied by the Consumer Financial Protection Bureau against  PHH Corporation . A three-judge panel heard the original case who ruled 2-1 in favor of PHH. The court’s  earlier decision  declared the leadership structure of the CFPB to be unconstitutional. The court originally ruled that CFPB’s current structure allows the director to wield far too much power: Because the Director alone heads the agency without Presidential supervision, and in light of the CFPB’s broad authority over the U.S. economy, the Director enjoys significantly more unilateral power than any single member of any o...