MFI-Miami Blog

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

Don’t Lose Your Home! Seniors CAN Fight Reverse Mortgage Foreclosures Like the conventional mortgage lenders before them, reverse mortgage lenders have people convinced they can’t fight reverse mortgage foreclosures. Yet, MFI-Miami has again debunked the propaganda of sleaze from the Wall Street oligarchs. Just like we did with foreclosures on conventional mortgages. MFI-Miami is also the only foreclosure and mortgage experts with the experience to successfully challenge reverse mortgage foreclosures. Two Most Common Ways Reverse Mortgage Foreclosures Begin  One common way seniors find themselves in foreclosure with a reverse mortgage is if they don’t pay the property taxes. Many times they pay the taxes but the mortgage servicer doesn’t properly apply the payment to the transaction history. There are also times the mortgage servicer’s payment history doesn’t match the information from the county or local taxing authority.  The other is if ...