MFI-Miami Blog

  JPMorgan Chase Busted Being Involved In Stealth Partnership With Liberal Groups To Unseat President Trump JPMorgan Chase busted running a clandestine operation to unseat  President Trump  and elect  Joe Biden for President . MFI-Miami has learned about the operation thanks to someone at JPMorgan Chase dropping the ball over a decade ago. In addition, JPMorgan Chase had sloppy recordkeeping during the early days of the financial crisis. As a result, this led us to where are today.  Confused? Let me explain. About 11 years ago, I had a client named Talisha who had two old WaMu mortgages with JPMorgan Chase. During the course of my investigation, I requested documents about her loan from JPMorgan Chase. Somehow a low-level employee put my cell phone number on the file as Talisha’s primary contact number. In April 2009, I handed the report about the investigation to her attorney. Then the nightmare began. For 3 years, Chase bombarded me with phone calls asking for...

  Hawaiian Foreclosure Defense Attorney Gary Dubin Disbarred About Previous Legal Issues And For Defrauding Clients  The Hawaiian Supreme Court  has disbarred  Hawaiian foreclosure defense attorney Gary Dubin. The court entered a final order imposing the sanction of disbarment effective Friday, October 9, 2020. However, the court did give Dubin an extension to November 9, 2020, to wrap up his business. The court also is requiring Dubin to notify his clients of his disbarment. The Hawaiian foreclosure defense attorney says he will appeal to the US Supreme Court. The Hawaii Supreme Court found Dubin had committed multiple serious acts of misconduct. Specifically, in Office of Disciplinary (ODC) Case No. 16-O-151. In that case, the court found that Dubin knowingly lied about his past. Dubin stated in a 2008 mortgage solicitor license application that he had not been convicted of a crime within 20 years. It was discovered this was not true.  Read More At MFI-Miami

  Massachusetts Housing Courts Reopen Amid Protests Massachusetts Governor Charlie Baker reopened the Massachusetts Housing Courts. Thus ending the state’s foreclosure and eviction moratorium. The courts opened Monday.  Trial Court Chief Justice Paula Carey said the  courts expect anywhere from 25,000 to 200,000 cases  in the coming months. Prior to the pandemic, state housing courts averaged about 3,300 cases per month, so that would be a big increase. But just how big remains to be seen. However, a growing chorus of state and local officials are urging Baker to extend the state’s strict ban on evictions. Massachusetts AG Maura Healey also joined the chorus. Healey told the Boston Globe that Baker’s $171 million plan set up to blunt a tsunami of evictions is a good step. However, Baker’s program won’t be ready in time to help tenants who are currently struggling. Read More At MFI-Miami

  Racist Florida Home Appraiser Busted Undervaluing Mixed Race Family’s Home By $135,000  Abena and Alex Horton Abena and Alex Horton are accusing a racist Florida home appraiser of purposely undervaluing their home in Jacksonville, Florida. The appraiser appraised the home in June for $330,000. The home appraised for significantly lower than other homes in the area. the homes in their neighborhood appraise for $350,000 to $550,000. Abena Horton who is black said she sensed racism was a play. Horton posted on Facebook that the appraiser was immediately unpleasant. He kept making one rude comment after another. He expressed an exaggerated surprise when he saw her working at her home office during the walk-through. Abena Horton decided to conduct an experiment. She removed the photos of their multiracial family. She replaced them with paintings of her white husband and his parents, as well as holiday cards from white friends. Albena Horton hid books by black authors like Zo...

  Caliber Home Loans Fights To Survive Class Action Suit Alleging Violations Of The Fair Debt Collection Practices Act  Caliber Home Loans fights for its life after it was  named as the defendant in a 52-page lawsuit . The lawsuit alleges Caliber Home Loans violated the Fair Debt Collection Practices Act.  The plaintiff states his previous servicer accelerated his loan on March 6, 2010, and filed a foreclosure proceeding against him. The mortgage servicer later dismissed the foreclosure action. Caliber Home Loans obtained the debt after it went into default. The mortgage servicer then sent the plaintiff a collection letter in July 2017 demanding payment and threatening legal action. The case argues the statute of limitations for such action had expired by 2017. Therefore, the debt was unenforceable and the defendant’s threat of litigation was deceptive. The case states Caliber sent the plaintiff additional letters in September 2017. The letters failed to clearly stat...

  Florida Governor Lets Florida Foreclosure Moratorium Expire! Sub-Prime Lenders Say, "Full Steam Ahead!"    Florida Governor Ron DeSantis announced last week that he will not be extending the Florida foreclosure moratorium. The moratorium expired at midnight on October 1st. Now, sub-prime lenders and landlords are jumping for joy. They are lining up at courthouses across Florida to foreclosure and evict people. It has also left Florida homeowners in sub-prime loans without statewide protections against evictions and foreclosures. The state initiated the moratorium in April as a result of the coronavirus pandemic. However, the end of the moratorium does not affect mortgages underwritten by Fannie Mae, Freddie Mac, or FHA. The government agencies have extended the moratoriums until the end of the year. The Urban Institute has estimated that about 70% of homeowners have a federally backed mortgage.  

  SLS Shaking Down Homeowners Over Bank Of America Zombie Mortgages. Problem Is, SLS Can’t Prove They Own The Debt. Is SLS shaking down homeowners again? It appears they are. This time like a mafia crime boss. Unfortunately, this time it appears Specialized Loan Servicing bought a U-Haul truck full of worthless paper from Bank of America. Yet, that hasn’t stopped the lender from trying to  play Tony Soprano .  About five years ago, bean counters at Bank of America figured out a way to make a few bucks. They decided to sell their worthless paper to any sap servicer and investor. BofA charged off the majority of these loans as being uncollectable. They loaded up bankers’ boxes full of these garbage loans and put them in storage units around Dallas, TX and Charlotte, NC. Then, like a scene out of  Storage Wars , second-tier and third-tier servicers like SLS would bid on the hundreds of bankers’ boxes in the storage unit.  Read More at MFI-Miami