MFI-Miami Blog

  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

Foreclosure Defense Myths That People Want To Keep Believing Thanks To Pretender Savior Neil Garfield  I am constantly debunking a plethora of foreclosure defense myths from potential clients. Finance bloggers like myself have written over the past decade that these bizarre and inaccurate claims don’t work. Yet, they seem to persist thanks to  pretender savior Neil Garfield and his Living Lies website . Garfield likes to make distressed homeowners think they can play Ben Matlock and walk away with a debt-free house. Garfield Groupies have mostly delusional entitled suburbanites who think they are entitled to a free house. They are trying to figure out an angle to make it happen. Then blame their lender or “Corrupt judges when it doesn’t happen. Your chances of scoring a free house are 1:150 if you are following the gobbledegook from  Neil Garfield’s Living Lies  website. Garfield has no experience in mortgage lending nor is he a “Wall Street Insider” like ...

Psycho Mark Stopa Goes On A Redneck Rampage! Stopa Sues 15 People For Posting Links And Blogs About His Disbarment. Psycho Mark Stopa just won’t stop with the temper tantrums. First, it was the judicial system. Now, it’s his critics.  From December 31, 2019, until January 16, 2020, Stopa filed 15 frivolous lawsuits against people across Florida who posted links or wrote blogs about his law license being revoked. The lawsuits included 13 lawyers and 2 bloggers including me. Ironically, Florida’s favorite psycho lawyer did not sue any of us for defamation. Instead, Stopa sued us with bizarre claims that we were all trying to profit from his downfall and for using his name.  Read more at MFI-Miami

Foreclosure Horror Stories: 4 Bizarre Foreclosure Stories That You Have To Read To Believe. Yes, They Could Happen To You! MFI-Miami has heard and dealt with some of the craziest foreclosure horror stories. Foreclosures are typically the result of homeowners unable to pay their mortgages. But, in these four cases, homeowners are faced with foreclosure for bizarre and crazy reasons. These four cases are just a handful of stories that we have heard in 12 years in business. HOA Foreclosure Horror Story:  Joe DiVerde owned a home in Wesley Chapel, Florida. He soon learned to own a home was more of a hassle than it was worth thanks to his HOA. Anyone living in a condo or home with an HOA in Florida knows the horror stories. Most HOAs are controlled by snowbirds from Long Island with nothing better to do than to stick their nose into your business and gossip. They also like to bitch and throw their weight around. It’s like a geriatric version of the movie,  Heathers ...

New Jersey Man Convicted Of Promoting Mortgage Recovery Tax Schemes Mortgage recovery tax schemes are illegal as  Kenneth Crawford Jr. of Atlantic City  found out. A federal jury in Camden, New Jersey, convicted Crawford of conspiring to defraud the IRS and filing false claims. The jury also found him guilty of obstructing the internal revenue laws. Prosecutors stated at trial that Crawford and others promoted and sold a mortgage recovery tax scheme. The scheme obtained fraudulent refunds for their clients fraudulent from the IRS between 2015 and 2016. Crawford promoted the scheme to people who were facing foreclosure or behind on their mortgage payments. He sold people on the idea that they could wipe out their mortgage debts by filing tax forms with the IRS. Read more at MFI-Miami