MFI-Miami Blog

Detroit Foreclosure Mill Trott Law Accused Of Pocketing Money Meant For Wells Fargo And MBS Bond Holders Is Foreclosure Mill Trott Law playing a shell game with money meant for Wells Fargo and MBS bondholders? There is a clandestine shell game going on in Michigan between the mortgage servicers and Detroit Foreclosure Mill Trott Law. Congressman David Trott and his former law firm are masterminding this multi-million dollar shell game. Michigan homeowners are victims and Michigan judges are the unwilling patsies.  This secret  orgy of greed  has been going on right under the eyes of Michigan Attorney General Bill Schuette since 2010. Yet, Schuette has refused to do anything about it. Why? Two reasons. Trott’s wife works for Bill Schuette in the Michigan Attorney General’s office. Secondly, David Trott is one of Bill Schuette’s biggest campaign donors. A  foreclosure case in West Michigan  is lifting the lid on the cancer of greed has become embedded in ...

Disabled US Marine Jacob McGreevey Finally Prevails In 8 Year SCRA Foreclosure Battle With PHH Mortgage Disabled Marine veteran Jacob McGreevey has finally won his SCRA Foreclosure case against PHH. McGreevey is not only getting justice for himself but for as many as two-dozen other military veterans. The former Marine fought a long and unsuccessful court battle to prove that creditors illegally seized his Oregon home when he was overseas fighting Al-Qaeda. He had all but decided to throw in the towel after the 9th Federal Court of Appeals ruled against him in August. But McGreevey learned Thursday that the Department of Justice in Seattle had determined that PHH Mortgage and Northwest Trustee had illegally foreclosed on at least two-dozen veterans including McGreevey. Ironically, both companies are now defunct. PHH Mortgage was acquired by Ocwen and Northwest Trustee dissolved.   As part of a settlement, McGreevey could receive as much as $125,000. Jacob...

Acting CFPB Director Mick Mulvaney Bypassed Competitive Hiring Policy By Appointing Racist Policy Official CFPB Policy Official Eric Blankenstein wrote racist blog posts in 2004. Senate Democrats have called for acting CFPB Director Mick Mulvaney to explain the vetting process that led to the hiring of a political appointee whose past includes incendiary writings. In 2004, CFPB Policy Official Eric Blankenstein blogged whether the n-word was inherently racist. He also makes the claim that the great majority of hate crimes were actually hoaxes. Blankenstein also posted a rant that refuted a proposal at the University of Virginia that called for harsher academic penalties for intolerant acts. Fine… let’s say they called him n—–. Would that make them racists, or just a——-?  He also asserted that: Hate-crime hoaxes are about three times as prevalent as actual hate crimes.  The blog posts have caused upheaval at the agency. 13 Democratic Senators ...

Mark Stopa’s Former Law Firm, Stay In My Home PA Officially Files For Chapter 7 Bankruptcy Stay In My Home PA  is officially bankrupt. The former law firm of Florida foreclosure defense attorney Mark Stopa declared Chapter 7 bankruptcy Tuesday. The petition by Stay In My Home PA estimates the number of people and businesses owed money by the firm to be between 1,000 and 5,000. It includes the names and addresses of hundreds of individuals from all over Florida. Most of these individuals appear to be homeowners who had hired Stopa’s firm to keep them from foreclosure. The petition estimates the firm’s assets at $50,000 to $100,000. The petition also states that its liabilities are between $100,000 and $500,000. The Chapter 7 bankruptcy filing for Stay In My Home PA means the firm is liquidating any and all assets. Attorney Richard Mockler took over Stopa’s practice in July and signed the petition. He wrote several creditors: I had high hopes for success. But, I had no...

FHFA Director Mel Watt Denies Swooning Woman With Sexy Ankle Talk And Guacamole The woman accusing FHFA Director Mel Watt of sexual harassment has told to her gripping story to Congress. Simone Grimes told lawmakers that Watt made dozens of sexual advances toward her. She also accused Watt of withholding a promised pay raise over her refusal of his advances. Simone Grimes also told the House Financial Services Committee that the FHFA’s Office of Inspector General responded to her claims  with “hostility, intimidation, bullying, laden with gossip and public shaming.” Grimes alleged that FHFA Director Watt has routinely sexually harassed her since September 2015. She said Watt would make comments about her appearance and his attraction to her. FHFA Director Mel Watt Tried To Swoon Grimes With Free Tacos And Guacamole As a result of the harassment, Grimes  filed a sexual harassment complaint  against Watt in May. She told of  a 2016 encounter at a Mexican...

Reverse Mortgage Fraud Is On The Rise As HECM Loans See 37% Spike In Appraisal Fraud The Federal Housing Administration announced it has launched an investigation into reverse mortgage fraud. FHA has seen a spike of 37% in fraudulent appraisals on reverse mortgage loans. Therefore, the agency  announced  that it will require a second appraisal on select HECM loans. The new guideline went into effect immediately. The FHA stated that 50,000 of the 134,000 appraisals inputted into its automated valuation model were inaccurate by at least 3%. That is roughly 37$ of new submissions. FHA Commissioner Brian Montgomery said: We thought this was a contributing factor that required further due diligence. Read more at MFI-Miami

Ataris Bassist Michael Davenport Admits To Masterminding $27 Million Real Estate Fraud Scheme Using Craigslist Former Ataris bassist Micheal Davenport admitted in court that he spearheaded a massive real estate scam. The scam defrauded more than 100,000 people nationwide out of more than $27 million. The former Ataris bassist  pleaded guilty to a charge of conspiracy  to  commit mail and wire fraud . Davenport admitted to owning and operating a Santa Barbara-based telemarketing business named American Standard. American Standard offered prospective renters and homebuyers access to homes for sale or rent on the cheap. He and co-defendant Cynthia Rawlinson ran the fraud through Davenport’s company, American Standard. The company was also known by various different names. It marketed itself as MDSQ Productions, Housing Standard, Anchor House Financial, American Standard, American Standard Online, and Your American Stand...