Fay Servicing Warning! Can Fay Servicing Validate Your Mortgage Debt? Probably Not!
Steve Dibert, CEO of internationally-renowned mortgage fraud investigation firm MFI-Miami, announced today that MFI-Miami has discovered serious flaws in the way Fay Servicing validates debt owed by homeowners. As a result, MFI-Miami has issued a Fay Servicing Warning to homeowners.
MFI-Miami CEO Steve Dibert:
Homeowners need to request their complete mortgage transaction histories from Fay Servicing and review them. If there is missing information or if something doesn’t look right, they need to contact a lawyer or a properly trained mortgage fraud expert immediately!
MFI-Miami has examined nearly 50 transaction histories from mortgage loans currently serviced by Fay Servicing since 2015. Nearly 30 of these contained serious accounting flaws in the transaction histories. These flaws would call into question the amount homeowners owe on their mortgages. Additionally, MFI-Miami’s team of Forensic CPAs have described Fay Servicing transaction histories as everything from a mess to a train wreck.