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Clinic Targets Nassau Homeowners with Foreclosure Help

March 29, 2009 By Leave a Comment

BY ELLEN YAN |  Newsday
March 25, 2009

An array of agencies will be on hand with one-on-one advice at the inaugural Foreclosure Consultation Clinic organized by the Nassau County Bar Association.

“Attorneys have volunteered to review individual foreclosure issues with Nassau homeowners, help them sort things out, and give advice or refer them to agencies and programs that can help,” said bar president Peter Levy. “This is not legal representation. We will help the homeowner find out if, indeed, they need a credit counselor or a lawyer and get them in touch with available resources.”
Read more about Nassau foreclosure help…

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Filed Under: Mortgage Information Tagged With:

Florida Attorney General Sues Firms Over Loan Fees

March 28, 2009 By Leave a Comment

The state attorney general’s office is suing four Miami companies for allegedly charging customers upfront fees for loan-modification services in violation of Florida law.

Named in the suit filed Wednesday in Miami-Dade Circuit Court are: Mortgage Crisis Solutions Association, Property Solutions Specialists, One Source Communications and Nationwide Financial Partners. Principals Donald R. Gillette and Flynn McCarthy also were sued.
Read more about loan modification services…

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MFI-Miami Creates Message Board for Distressed Homeowners

March 26, 2009 By Leave a Comment

To provide distressed homeowners with a way to find relief, MFI-Miami has launched its own Yahoo Group. The MFI-Miami Yahoo Group includes an interactive message board that enables all Americans to chat with each other and find solutions to mortgage problems. Join the group today.

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Filed Under: Mortgage Fraud News Tagged With:

MFI-Miami Launches Investigation into Wachovia Mortgage’s Practices

March 25, 2009 By Leave a Comment

Press Release
Tuesday March 24, 2009, 9:48 am EDT

WEST PALM BEACH, Fla.–MFI-Miami, LLC announced today that it’s launching an investigation into illegal foreclosures and other illegal activity by Wachovia Bank FSB, which is now part of Wells Fargo Bank.

“Wachovia not only tries to block the fraud investigations with which I’m involved,” says Steve Dibert, President of MFI-Miami, “but they refuse to honor requests made by our mutual clients, homeowners, for copies of their files. This is a direct violation of RESPA and TILA. Many of these loans are also toxic Option-ARMs that Wachovia acquired when they purchased World Savings Bank.”

MFI-Miami, a mortgage fraud investigation company, has been inundated with Option-ARM cases originated by World Savings and Wachovia. These types of loans are traditionally riddled with TILA violations for improper disclosure of information to the homeowner. They also contain violations of Section 5 of the Federal Trade Commission Act, which covers deceptive practices.

Wachovia has responded to MFI-Miami’s requests with letters misquoting RESPA and has made it extremely difficult for homeowners to obtain copies of files to which they’re legally entitled.

“These files would provide homeowners with information that could be used as part of a foreclosure defense or to negotiate a loan modification,” says Steve Dibert. “Wachovia is violating the rights of homeowners by withholding these documents.”

About MFI-Miami

Headquartered in Boynton Beach, Florida, MFI-Miami, LLC and its sister companies conduct forensic mortgage audits and mortgage fraud investigations. MFI-Miami, LLC is also only one of a few firms that investigate the transfer of the securitization instruments of clients’ mortgages. For more information, visit www.mfi-miami.com, contact 561-317-9978, or email info@mfi-miami.com.

Contact:

MFI-Miami
Stephen Dibert, President, 561-317-9978
Email: steve@mfi-miami.com or www.mfi-miami.com

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