MFI-Miami Blog

Washington DC Homeowners Are Drowning In The Country’s Highest Level Of Mortgage Debt Washington DC homeowners are drowning in the country’s highest level of mortgage debt. The average Washington DC homeowner has an average of more than $400,000 in loans per borrower.  Residents in Hawaii, California, Washington state and Colorado are also struggling with hundreds of thousands in mortgage debt. The National Association of Realtors reported June home sales were at a seasonally adjusted annualized rate of 5.27 million units.  Sales have shriveled 2.2% over the past 12 months despite a robust job market and falling mortgage rates. However, home prices have been climbing faster than incomes for the past seven years.  Read more at MFI-Miami

Transgender Hacker Arrested For Stealing Data From 100 Million Capital One Customers In Mass Hack A Seattle-based transgender hacker named Paige Thompson has been arrested for hacking Capital One bank’s systems to steal data it stored on Amazon’s Web Services cloud. Thompson is a former Amazon systems engineer. Thompson had planned to steal the addresses, phone numbers and names of 100 million people in the United States.  The transgender woman accessed the social security numbers on 140,000 people. She was able to get credit card numbers on 80,000 additional people. Thompson allegedly pulled it off between March and July of this year. She broke into the bank’s servers through a misconfiguration in its firewall.  Amazon’s Web Services cloud was storing the data. However, Amazon insists it is not to blame for the hack. Amazon claims she exploited Capital One’s systems to access it.  Capital One admitted that it was a fault in its infrastructure.  ...

FLORIDA REVERSE MORTGAGE SCAM ALERT! Servicers Are Targeting Seniors For Foreclosure! Don’t Be A Victim! MFI-Miami has issued a Florida Reverse Mortgage Scam Alert! It seems like Reverse Mortgage servicing companies are pulling a reverse mortgage scam on unsuspecting seniors with a Florida Reverse Mortgage. They are showing no shame in doing it either.  Reverse mortgages are great because they give seniors who are house rich and cash poor needed cash. Local taxes and any HOA fees are still the responsibility of the homeowner. Servicers can and will foreclosure if the taxes are not paid. Reverse mortgages are great for most seniors. Unfortunately, reverse mortgage servicing companies have figured out how to cash in by screwing equity-rich seniors with Nassau County Reverse Mortgages.  Champion Mortgage  and  Reverse Mortgage Solutions appear to be the biggest culprits in this scam.  Read more at MFI-Miami

NEW YORK REVERSE MORTGAGE SCAM ALERT! Servicers Are Targeting Seniors For Foreclosure! Don’t Be A Victim! MFI-Miami has issued a New York Reverse Mortgage Scam Alert! It seems like Reverse Mortgage servicing companies are pulling a reverse mortgage scam on unsuspecting seniors with a New York Reverse Mortgage. They are showing no shame in doing it either.  Reverse mortgages are great because they give seniors who are house rich and cash poor needed cash. Local taxes and any HOA fees are still the responsibility of the homeowner. Servicers can and will foreclosure if the taxes are not paid. Reverse mortgages are great for most seniors. Unfortunately, reverse mortgage servicing companies have figured out how to cash in by screwing equity-rich seniors with Nassau County Reverse Mortgages.  Champion Mortgage  and  Reverse Mortgage Solutions appear to be the biggest culprits in this scam.  Read more at MFI-Miami

La Crémaillère Restaurant Owner Gets A Little Too Creative With An X-Acto Knife And Wite-Out The feds have indicted Barbara Meyzen a/k/a Bobbie Meyzen on multiple fraud charges. Meyzen is the owner and operator of the chic La Crémaillère Restaurant in Banksville, New York. United States Attorney Geoffrey S. Berman said: When Barbara Meyzen’s upscale clientele of bankers, celebrities, and other notable figures frequented her restaurant, they saw a stately French manor in a serene Westchester suburb.  What they did not see was the alleged rampant financial fraud that was happening.  As a result of her alleged fraud, Barbara Meyzen has potentially earned herself a reservation for one in federal prison. Meyzen  has owned and operated  the La Crémaillère Restaurant since 1993. From August 2015 to July 2016, Meyzen submitted applications for credit on behalf of the La Crémaillère restaurant with bogus information to nine lenders. R ead more at MFI-Miami

Woman Says She Can’t Sell Her Home Because She Has Mob Boss Pat Musitano Living Next Door The next-door neighbor of Mob Boss Pasquale (Pat) Musitano says she can’t sell her home because of her high-profile neighbors. Karen Montesanto and her realtors insist the Hamilton, Ontario neighborhood is safe. Montesanto moved into her home on St. Clair Boulevard next to the notorious crime boss five years ago. She recently decided to sell and placed the property on the market for $990,000 in February. Montesanto dropped the price by $150,000 after no one bid. That didn’t do the trick. Read   more at MFI-Miami

DITECH BANKRUPTCY LIQUIDATION PLAN IN TROUBLE AS NEW YORK AG INVESTIGATES SHADY RMS SERVICING PRACTICES The New York Attorney General has filed a brief in the Ditech bankruptcy case. AG Letitia James objected to the Ditech bankruptcy liquidation plan. She argues that the plan will strip homeowners of their rights. James also argues that Ditech and Reverse Mortgage Solutions are using bankruptcy protection to circumvent statutory protections for homeowners. The brief also states said that the Ditech has more than 880 foreclosure actions pending in New York. This includes 642 forward and 239 reverse mortgages. The current Ditech bankruptcy liquidation plan threatens to sweep these homeowners’ claims and defenses under the rug. James asserts: A free and clear sale of the Debtors’ mortgage assets would erase the key defenses of homeowners in the foreclosure process.  Read more at  MFI-Miami

MAGA Bomber Cesar Altieri Sayoc’s Lawyers Accuse Fox News Of Radicalizing Their Client  Attorneys for MAGA Bomber Cesar Altieri Sayoc say he became radicalized from daily consumption of Fox News and Donald Trump’s Twitter feed. This led him to start believing conspiracy theories on the internet. Cesar Altieri Sayoc’s attorneys wrote in their sentencing memo that their client struggled with steroid abuse that created mental illness. Consequently, Sayoc became susceptible to outlandish reports in the news and on social media. As a result, Sayoc came to believe that prominent Democrats were actively working to hurt him and other Trump supporters. Fox News and from the president himself reinforced this idea hourly. Read more at MFI-Miami

Waterstone Mortgage Now Offering No Credit Score Mortgages. Is This A Game Changer? Up until now, if you had bad or no credit history you couldn’t get a mortgage. Wisconsin-based Waterstone Mortgage announced yesterday that it is now lending to borrowers who do not have a credit history. Waterstone Mortgage is making the program is available in the 48 states. Waterstone Mortgage is calling their program, the “Non-Traditional Credit Program.” The company says it will use other payment history indicators. They will look at other forms of payment history like cell phone bills, rent, and utilities when underwriting a borrower. Read more  at MFI-Miami

Bank of America Warns Ditech’s Sale of Reverse Mortgage Solutions Could Leave Seniors Abandoned Ditech Holdings announced last month that it had  entered into an agreement  to sell Reverse Mortgage Solutions. Ditech is selling the reverse mortgage unit as part of its bankruptcy restructuring. However, Bank of America is objecting to the sale. Bank of America has a servicing agreement with Reverse Mortgage Solutions. They filed a motion in the bankruptcy court objecting to the deal as it currently stands. They also allege that it threatens to abandon the thousands of elderly borrowers whose reverse mortgages are being serviced by RMS. Ditech’s current deal has it selling off the stock and assets of RMS to Mortgage Assets Management. Bank of America claims the sale does not uphold its agreement with RMS. BofA also states their agreement stipulates that RMS provides them with extensive lead time to establish other servicing arrangements of its borrowers. Read more ...

Bold Bronx Foreclosure Defense Team That Hits It Out Of The Ball Park Like A Yankee! MFI-Miami has created bold Bronx foreclosure defense strategies. The boldest foreclosure strategies 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 County 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 bold Bronx 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.  Steve Dibert has also helped keep lenders from discriminating against Latin American homeowne...

Federal Judge In Maryland Green Lights Bank of America Housing Discrimination Lawsuit  A federal judge in Maryland denied a motion Thursday to dismiss a Bank of America housing Discrimination lawsuit. 20 housing groups and two homeowners filed the suit against Bank of America and Safeguard Properties Management.  The  suit was  filed in June of 2018. The housing groups accuse the two companies of intentionally failing to provide routine exterior maintenance. They also accuse BofA of not marketing the BofA-owned homes in Black and Latino neighborhoods. However, BofA consistently maintains similar bank-owned properties in white neighborhoods. Plaintiffs also say BofA actively markets those properties. NFHA said the lawsuit was the culmination of a multi-year investigation by the organization and its fair housing partners. The review included more than 1,600 Bank of America-owned homes in White and minority neighborhoods. Read more at MFI-Miami

Bold Queens Foreclosure Defense That Brings Aggressive Queens Foreclosure Defense To A New Level MFI-Miami  has created a bold Queens foreclosure defense team Queens county has ever seen! We have the only bold Queens foreclosure defense that works! We also have the boldest mortgage experts with the strength to successfully challenge any Wall Street lender in a Brooklyn 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  has successfully challenged arrogant foreclosure mill lawyers and brought Wall Street banks to their knees. CEO Steve Dibert has fought to keep 9/11 First Responders in their homes. In addition, Steve Dibert has stopped lenders from discriminating against people of African and Caribbean descent. Furthermore,  MFI-Miami  also has access to a plethora of experts to keep you in your h...

Bold Brooklyn Foreclosure Defense That Has Beaten Wall Street  MFI-Miami has created a bold Brooklyn 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 Brooklyn 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 bold Brooklyn foreclosure defense team has become a lender's worse 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 discriminating...

Credit Reporting Agency Equifax To Pay $650 Million Settlement With Federal Trade Commission Credit reporting agency Equifax will  pay around $650 million  to settle with the Federal Trade Commission. The credit reporting agency experienced a massive data breach in 2017. The breach exposed Social Security numbers and other private information of nearly 150 million people. The  Wall Street Journal said  the settlement could be announced as soon as Monday. Equifax declined to comment. The report says the deal would resolve investigations by the FTC and the Consumer Financial Protection Bureau. It would also end investigations by most state attorneys general. It would also resolve a nationwide consumer class-action lawsuit. Spokesmen for the FTC and the CFPB didn’t immediately return messages seeking comment Friday night. Read more at MFI-Miami

Foreign Buyers Bolt From American Housing Market In California And Florida Amid Trump Mental Instability Foreign buyers buying American real estate purchases  plummetted to $77.9 billion  from March 2018 through March 2019. This down 36% from the previous year and the finger is being pointed directly at the  Trump Administration . The National Association Realtors says buyers from China were the biggest group to flee the American housing market. Sales from Chinese plummeted 56% in the 12 months ended in March. Chinese people bought $13.4 billion of American homes during the 12 months ended in March. The NAR says foreign buyers from China purchased $30.4 billion a year earlier. The report shows foreign buyers from the UK tumbled 48%. Britons purchased $3.8 billion of American real estate. The NAR says this is down from $7.3 billion a year earlier. Read more at MFI-Miami

Suntrust Bank Employee To Spend 2 Years Clutching Soap In Prison For Stealing $171,000 From Elderly Bank Customer Federal Judge Carlos E. Mendoza sentenced a Suntrust Bank employee to 23 months in federal prison.  Reginald Green II  had been charged with stealing $171,000 of a customer’s funds. A jury had found Green guilty in December of last year. The SunTrust Bank employee stole more than $171,000 from a bank customer. Green withdrew more funds then the bank client had authorized. Green then directed the extra funds into several different bank accounts that he controlled. Read more at MFI-Miami

Nemesis Of Florida Foreclosure Activists And Pro Se Foreclosure Litigants Judge Meenu Sasser Passes Away Palm Beach County Judge Meenu Sasser passed away last week from cancer. She was 48 years old. Sasser became famous in foreclosure defense circles because of her disdain for Florida foreclosure activists and intolerance for pro-se foreclosure litigants. Sasser saw the Florida foreclosure activists as nothing more than a marketing tool for shady lawyers. Shady lawyers who exploited the fears of homeowners into giving them their last hard-earned dime. It turned out, Sasser was right. Disgraced attorney Carol Asbury was Sasser’s biggest critic. Asbury and her minions to accused Sasser of everything  being incompetent  to being in the pockets of the banking industry. Ironically, it was soon discovered  Asbury was operating a $3 million mortgage fraud scheme . She  pleaded guilty in 2012  and went to federal prison. Read more at MFI-Miami

Rhode Island Property Preservationist Busted In $10 Million Scam Selling Properties She Didn’t Own Rhode Island Property Preservationist  Monique Brady admitted  to operating a $10.3 million dollar Ponzi scheme. Banks and mortgage servicers hired Brady’s company MNB to perform general maintenance on foreclosed homes. The majority of projects secured by MNB were for less than $1,000. Many were for as little as $25 dollars to a few hundred dollars. However, that’s not what she told potential investor interested in purchasing the property. Brady  told potential investors  MNB had secured contracts to perform large scale rehabilitation projects on foreclosed properties in New England. She collected payments ranging from approximately $20,000 to $80,000.  Read more at MFI-Miami

Career Insurance Fraudster Scott Jawetz Is Finally Facing Prison Time But Not For Insurance Fraud But Tax Fraud Career insurance fraudster  pleaded guilty today  in federal court in Michigan. Scott Jawetz pleaded guilty today to conspiring to impede the functions of the IRS. He also pleaded guilty to conspiring to steal from the Detroit Police Department.  Court documents show the Boca Raton resident executed a four-year scheme to steal police reports from the Detroit Police Department. The police reports contained automobile crash victim information. Jawetz and his co-conspirators used a business entity known as Blue Horseshoe perpetuate the scheme. Consequently, Jawetz used the stolen information to solicit automobile accident victims for medical and chiropractic services. Jawetz and his co-conspirators also under reported to the money they received and the total wages Blue Horseshoe paid to its employees. Read more at MFI-Miami

Nassau Non-Profit Director Convicted Of Pilfering $1Million From Charity That Assists The Mentally Challenged Nassau County Non-Profit Director embezzled money designated for mentally challenged adults and kids. The non-profit director of Human First was convicted today for embezzling funds, bank fraud, and money laundering. Human First is a non-profit organization based in Nassau County. The charity provides services to developmentally disabled individuals. Federal prosecutors accused  Wafa Abboud  of pilfering nearly a million dollars from the charity. United States Attorney for the Eastern District of New York, Richard P. Donoghue announced the verdict: Abboud has been held accountable for abusing her position of trust as the Executive Director of a charity and funding her elaborate lifestyle with money intended to serve the needs of vulnerable individuals in the community. Read more at MFI-Miami

Stop FHA Mortgage Foreclosures With An Aggressive FHA Foreclosure Defense! How do you stop FHA mortgage foreclosures? FHA Mortgages are complex and only someone properly trained in writing them can help you. MFI-Miami has created a specialized FHA Mortgage Foreclosure Defense Team. The team’s focus will focus solely on developing strategies to give homeowners an edge in any FHA Mortgage foreclosure!  We are the only foreclosure and mortgage experts with the resources and knowledge to successfully challenge any FHA Mortgage.  Our competitors may show off one or two victories against this lender 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 FHA Mortgage Foreclosure Defense Team is an FHA mortgage servicer’s worst nightmare. Why? MFI-Miami has successfully challenged some of their most arrogant foreclosure mill lawyers. As a result, MFI-Miami CE...

Veteran Sues Nationstar Mortgage AKA Mr Cooper For Putting Him In Foreclosure After Reneging On Modification Deal John T. Baldy II  filed a lawsuit in West Virginia against Nationstar Mortgage aka Mr Cooper. Baldy a veteran living in Charleston. He alleges breach of contract and other counts. The veteran claims the mortgage servicer failed to modify a loan. As a result, they placed Baldy’s home into foreclosure. He also alleges Nationstar aka Mr Cooper violated FHA/VA guidelines. The suit states that the plaintiff obtained a VA loan for the purchase of a home on March 29, 2006. Baldy was married when he secured the loan. However, he and his wife divorced. The lawsuit alleges Nationstar aka Mr Cooper was assigned ownership and servicing of the loan in 2015. The plaintiff alleges he experienced hardship in 2017. As a result, Nationstar offered Baldy a loan modification in September 2017 and he accepted. Baldy alleges the Nationstar aka Mr Cooper breached the agreement an...

NEW YORK CITY FORECLOSURE ALERT: First Time Foreclosures Filings Skyrocket In The Big Apple! MFI-Miami has issued a New York City Foreclosure Alert. Property Shark is reporting that total  New York City lis pendens  filings increased by 13% in Q2. The report also indicates a total of 3,070 properties entering the pre-foreclosure stage for the first time. However, there were no major changes when it comes to actual foreclosures filings. Yet, foreclosures will inevitably begin skyrocketing in the coming quarters. Read more at MFI-Miami