MFI-Miami Blog

Internet Scammers Steal $77,000 From Treasure Coast Family In Real Estate Closing Scam It was love at first sight for Susan Spofford and her Treasure Coast family. They fell in love with a property in Jensen Beach was just right for her family. She remembers: We walked in and it was perfect. Spofford bought the home with her boyfriend, mother, sister and brother-in-law, Larry Beach. They were overjoyed when their offer was accepted. Everything was proceeding smoothly until they received shocking news.  Read more at MFI-Miami

CFPB Accused BSI Financial Services Of Improperly Handling Mortgage Servicing Transfers The CFPBannounced Wednesday that it had concluded an investigation into BSI Financial Services. The agency found that BSI Financial Services had violated multiple federal laws over several years. As a result, the company agreed to pay a penalty of $200,000 and pay restitution estimated at least $36,500. CFPB states that BSI Financial Services violated the Consumer Financial Protection Act of 2010. They also violated RESPA and or TILA at various points between 2012 and 2016. Read more at MFI-Miami

Morgan Stanley Says Bond Market Sending Warning Signals That American Economy Is Heading Into Recession Morgan Stanley warned the stock market and economic outlook in the United States are deteriorating. Renewed trade tensions and a slump in economic data has put U.S. profits and economic growth at risk.  Chief Equity Strategist Michael Wilson of Morgan Stanley warned Tuesday: Recent data points suggest US earnings and economic risk is greater than most investors may think. Specifically, the stock strategist highlighted a recent survey from financial data firm IHS Markit that showed manufacturing activity fell to a nine-year low in May. That report also revealed a “notable slowdown” in the U.S. services sector, a key area for an American economy characterized by huge job gains in health care and business services. Read more at MFI-Miami

The Only Nassau County Foreclosure Defense Team That Has Beaten Wall Street MFI-Miami has created the most aggressive Nassau County foreclosure defense team New York has ever seen! We are the only foreclosure and mortgage experts with the strength to successfully challenge any Wall Street lender in Nassau County or New York courtroom. Our competitors show off one or two victories but they can’t beat our track record. How do we know this? Because  we have the 10-year track record  to prove it!  MFI-Miami’s Nassau County foreclosure defense team has become a lender’s worse nightmare. Why? MFI-Miami has successfully challenged some of the most arrogant foreclosure mill lawyers and Wall Street lenders in New York. Read more at MFI-Miami

Quicken Loans CEO Jay Farmer Confirms Quicken Loans Owner Dan Gilbert Has Had A Stroke Quicken Loans owner Dan Gilbert suffered a stroke in the hospital Sunday. As a result, doctors had to immediately perform a catheter-based procedure. Gilbert suffered the stroke while hospitalized for an unrelated issue. Gilbert was moved to the intensive-care unit to recover after the procedure. The catheter-based procedure revealed further details about what sent Gilbert to initially seek medical treatment. Quicken Loans CEO told Detroit media: Dan is awake, responsive and resting comfortably. Dan and his family are immensely grateful to the doctors and nurses whose early intervention is already paying dividends toward his recovery. Farner also stated Gilbert had not been feeling well Sunday morning and a family friend took him to Beaumont Hospital in Royal Oak. Farmer also stated: While under care at the hospital, he suffered a stroke. Farner added that Gilbert’s companies will...

Tampa Pastor Luckner Stimphil And His Daughter Get 57 Months Of Slammer Time For $11 Million Tax Fraud Tampa Pastor Luckner Stimphil was sentenced to 57 months in federal prison. Stimphil pleaded guilty for conspiracy to defraud the IRS out of $11 million. The Tampa Pastor’s daughter, Elwolfine Dufort was sentenced to two years in federal prison for her role in the conspiracy. The court also ordered Stimphil and Dufort to pay $11 million in restitution to the United States. Judge Steven D. Merryday imposed a $10,000 fine against Stimphil. Stimphil and Dufort had pleaded guilty in February 2019. Read more at MFI-Miami

Arnold Schwarzenegger Intervenes In Eviction Of 102-Year-Old Woman By Heartless Landlord The scumbag landlord thought evicting 102-year-old Thelma Smith from her apartment to please his daughter would be easy. However, he didn’t know who Smith was friends with. Smith has powerful friends like former California Governor Arnold Schwarzenegger.  The  Los Angeles Times reports  Smith is a former executive secretary for the Sugar Ray Robinson Youth Foundation. Sugar Ray Robinson Youth Foundation is a nonprofit for underprivileged youth. Smith has also lived in the residence for nearly three decades. An official notice dated March 8 states that Smith must end her month-to-month lease for the home. Her landlords also noted that they were ending the lease after 30 years because their daughter is graduating from law school. Landlord claimed in the notice that his daughter needed the unit as her primary residence. A landlord can evict a tenant to accommodate a rela...