MFI-Miami Blog

New York Non-Profit Westchester Residential Opportunities Busted Poaching Clients From Attorneys Westchester Residential Opportunities busted attempting to unethically poach clients from law firms. White Plains-based housing non-profit Westchester Residential Opportunities is in hot water. WRO is being accused of illegally poaching clients by multiple lawyers. New York foreclosure defense lawyers state their clients have been receiving letters and emails from  WRO ‘s Mortgage Default Director  Veronica Raphael . A copy of the email was forwarded to MFI-Miami. Raphael’s letters encourage people to fire their attorneys and retain Westchester Residential Opportunities. The emails and letters also imply the homeowner’s lawyer is ripping off the homeowner. She also makes the fraudulent claim that a loan modification application STOPS a foreclosure in New York. It does not. She also implies you don’t need to be a lawyer to practice law. You can but nothing pis...

Half Of The Nation’s Top 50 Real Estate Markets Are In A Housing Bubble That Is Ready To Burst Core Logic is stating that more than half of the nation’s top 50 housing markets are in a housing bubble and were considered overvalued in April. This news is an indication that these twelve markets are in a real estate bubble that can burst any time. 26 markets were considered overvalued and only seven were undervalued. In the top 100 markets, 40 were overvalued, while 32 were at value and 28 were undervalued. Nationwide increased  6.9% from a year ago  and  1.2% compared to March . Additionally, all 50 states saw home prices rise in April year-over-year. CoreLogic defines an overvalued market as a market where home prices are at least 10% above sustainable levels. An undervalued market is one that is at least 10% below sustainable levels. CoreLogic Chief Economist Frank Nothaft told National Mortgage News: The best antidote for rising home prices is additional s...

New York City Foreclosure Skyrocket! Experts Blame Rising Interest Rates And Skyrocketing Real Estate Values!  New York City foreclosures have skyrocketed and it now involves the billionaire class. It all started a year ago when  Nigerian oil tycoon  Kolawole Aluko , stopped making payments on his condo at One57. One57 is the crown jewel of Billionaire’s Row in Manhattan. The June 2017 foreclosure marked  the first foreclosure on Billionaires’ Row . That same month,  another lender seized a $50.9 million penthouse  in the 75-story condo tower. These two foreclosures at One57 were two of 3,306 homes throughout the city scheduled for auction last year. 2017 marked the highest level seen since 2009 according to PropertyShark. Brooklyn and Queens primarily drove the city’s 58% increase. The high volume of New York City foreclosures is a sign another foreclosure crisis could hit Gotham. There are also other signs of potential trouble. Interest ...

Orange County Foreclosures Skyrocket And Property Values Plummet As Hasidic Launch Final Blitzkrieg From Brooklyn Orange County foreclosures have skyrocketed since Monroe voters decided to split their town. Since then, Satmar leaders have blown their  shofar  signaling their brethren in Brooklyn to make the trek to Orange County. Now a blitzkrieg of bulldozers are clearing hundreds of acres of wilderness Emily Convers promised would be protected. The bulldozers Emily Convers promised people would never come are now causing Monroe property values to plummet even further.  Convers’  home has lost over a third of its value  since she started her looney crusade five years ago. Property values in Monroe have declined another 20% since voters ratified the separation agreement. Matter of fact, values have declined so rapidly even Emily Conver is moving her family out of Monroe to nearby Warwick. The cancer of plummeting property valu...

The Document Prices At The Wayne County Register of Deeds Are The Highest In The Country Wayne County Register of Deeds office is run the same way Mayor Quimby runs the Town of Springfield on The Simpsons Let’s be honest. The Wayne County Register of Deeds Office in Detroit, Michigan is a wreck. Fees are outrageous and the  staff treats people  worse than  Patty and Selma treat people at the DMV  on The Simpsons. In other words, it’s a perfect example of how  dysfunctional Wayne County government  is and why Wayne County municipal bonds have borderline “junk bond” status. Most former  Soviet bloc countries  have higher bond ratings. The scary thing is Wayne County taxpayers don’t seem to care. First of all, the Wayne County Register of Deeds charges $2.00 a page for documents. This is the highest in Michigan and the highest in the United States. Matter of fact, Wayne County charges 200% more than the other 82 counties in Michi...

Federal Prosecutors Motion The Court To Seize Two NXIVM Sex Cult Houses North Of Albany, NY The FBI has filed an asset forfeiture motion in federal court to seize two properties where accused the NXIVM sex cult  allegedly treated women as “slaves” to perform sexual rituals . In addition, federal authorities filed  criminal sex trafficking and forced labor conspiracy charges  against actress Allison Mack and group leader Keith Raniere. The new federal complaint seeks to seize two properties in the Town of Halfmoon. The properties are about 15 miles from the NXIVM group’s headquarters in Albany, New York. The two properties are 8 Hale Drive, Halfmoon New York 12065 and 127 Grenadier Court, Halfmoon, New York 12065. Zillow estimates the value of 8 Hale Drive as $165,000. The real estate website estimates 127 Grenadier Court as being worth roughly $147,000. Federal authorities are also seeking seizure of the contents of the two properties. The do...

Americans Complain About Their High Taxes But These 27 Countries Are The Highest In The World Americans complain about their taxes. Yet, they pay one of the lowest tax rates in the world. Most Americans complain about their taxes. So much so, that it has become the unofficial national past time especially with tourists in Florida. I once witnessed a fist fight break out between two meat heads over the subject. A guy from New York was upset with a guy from New Jersey claiming that he pays higher taxes. Next thing you know, it became “Fists of Fury” between two morbidly obese guys. Americans who complain about high taxes are usually blue-collar types who religiously watch the talking boobs on Fox News.  Fox News  bombards their faithful with daily propaganda of how Americans pay the highest tax rates in the world. In actuality, we pay the lowest levels in the world. Fox News owner Rupert Murdoch knows this is not true. He renounced his Australian citize...