Mr. Cooper To Issue $90 Million In Refunds To Settle Lawsuit Over Illegal Foreclosures
Mr. Cooper to issue $90 million to former customers. The refunds are to settle a lawsuit alleging the nonbank lender committed illegal foreclosures.
The nation’s largest nonbank servicer of mortgage loans will pay a civil penalty of more than $6.5 million. The lawsuit alleged the company violated the rights of over 115,000 customers whom it had illegally foreclosed on.
The lawsuit filed by the CFPB. The CFPB alleges the servicer frequently failed to identify loans with existing modifications. Those modifications allowed the borrower to make trial payments that would require the servicer to permanently modify the loans.
Foreclosure Defense Myths That People Want To Keep Believing Thanks To Pretender Savior Neil Garfield
I am constantly debunking a plethora of foreclosure defense myths from potential clients. Finance bloggers like myself have written over the past decade that these bizarre and inaccurate claims don’t work. Yet, they seem to persist thanks to pretender savior Neil Garfield and his Living Lies website.
Garfield likes to make distressed homeowners think they can play Ben Matlock and walk away with a debt-free house. Garfield Groupies have mostly delusional entitled suburbanites who think they are entitled to a free house. They are trying to figure out an angle to make it happen. Then blame their lender or “Corrupt judges when it doesn’t happen.
Your chances of scoring a free house are 1:150 if you are following the gobbledegook from Neil Garfield’s Living Lies website. Garfield has no experience in mortgage lending nor is he a “Wall Street Insider” like he claims. Finance journalists on Wall Street hadn’t heard of him until he began peddling miracles with his version of Brother Love’s Traveling Salvation Show.
Foreclosure Horror Stories: 4 Bizarre Foreclosure Stories That You Have To Read To Believe. Yes, They Could Happen To You!
MFI-Miami has heard and dealt with some of the craziest foreclosure horror stories. Foreclosures are typically the result of homeowners unable to pay their mortgages. But, in these four cases, homeowners are faced with foreclosure for bizarre and crazy reasons. These four cases are just a handful of stories that we have heard in 12 years in business.
HOA Foreclosure Horror Story:
Joe DiVerde owned a home in Wesley Chapel, Florida. He soon learned to own a home was more of a hassle than it was worth thanks to his HOA. Anyone living in a condo or home with an HOA in Florida knows the horror stories. Most HOAs are controlled by snowbirds from Long Island with nothing better to do than to stick their nose into your business and gossip. They also like to bitch and throw their weight around. It’s like a geriatric version of the movie, Heathers or Mean Girls.
Joe DiVerde learned this the hard way when he faced an unexpected ultimatum from HOA. They demanded he either paint your mailbox, pay a $1,000 fine, or face foreclosure. Because of an address mix-up, DiVerde never received prior concern over his mailbox. When he received notice, it was too late. The HOA began foreclosure proceedings. DiVerde found out when the process server came knocking on his door. This story belongs on this list of homeowner association horror stories.
JPMorgan Chase Alert! It’s More Than Likely JPMorgan Chase Can’t Validate Your Mortgage Debt Or Prove Standing To Foreclose On Your Old WaMu Loan!
MFI-Miami Has Issued A JPMorgan Chase Alert! JPMorgan Chase Inherited a Nightmare From WaMu
JPMorgan Chase acquired Washington Mutual’s mortgage assets in 2008. Little did they know that a decade later they would still be fighting costly foreclosure battles over them. These legal battles have become so costly for JPMorgan Chase they began selling the loans and the servicing rights at fire-sale prices.
JPMorgan Chase became so desperate to dump these mortgages, they are selling them in the middle of foreclosure litigation. I have already had this happen in five of my foreclosure cases involving old Washington Mutual loans.
The Legal Games Of JPMorgan Chase Lawyers
JPMorgan Chase lawyers have also purposely postponed trial dates just so they could sell the loan at top dollar.
Chase and their lawyers know most of these mortgages are unenforceable and are garbage. They have their lawyers file the foreclosure anyway under the assumption that homeowners and their lawyers are idiots. After all, most attorneys doing foreclosure defense are idiots. Foreclosure mill attorneys are also betting they can intimidate the judge.
MFI-Miami Offers Mortgage Compliance And Mortgage Fraud Expert Witness Services For Homeowners
MFI-Miami CEO Steve Dibert offers mortgage fraud expert witness services to lawyers and to pro-se homeowners. Steve Dibert has testified or sat for depositions in foreclosure cases in five different states. Those states include Connecticut and Florida. As well as, Georgia, Kentucky, Massachusetts, and Michigan. In addition to Pennsylvania, New Jersey, and New York.
MFI-Miami CEO Steve Dibert is also available to consult on most foreclosure cases.
MFI-Miami CEO Steve Dibert has over 23 years of experience working in mortgage lending and mortgage fraud investigating. Steve Dibert has originated and manage mortgage offices including a team of underwriters. He also has experience on the process of bundling loans to be sold on the secondary market to bond investors.
Steve Dibert has also worked in the commercial lending field. He has he find financing for casinos in Macau and hotels in Central America.
MFI-Miami CEO Steve Dibert also understands Costa Rican real estate. A group of real estate investors hired Steve Dibert in 2010 to investigate the vertical chain of title of 200 lots in Costa Rica.
Sensing a pending crisis, Steve Dibert started MFI-Miami in May 2008. This was nearly 6 months before the 2008 financial crisis that almost destroyed the world economy.
MFI-Miami Mortgage Fraud Expert Witness Services Also Offer The Services Of A Former FBI Special Agent
MFI-Miami also has access to former FBI Special Agent, financial fraud investigator and internationally recognized CPA, Al Horton.
Al Horton was part of the FBI’s Joint Strike Force at the U.S Attorney’s Office in Baltimore. He investigated cases involving bank fraud, asset forfeiture, money laundering. He also investigated political corruption and organized crime.
Al Horton has also been involved with numerous financial investigations on civil and criminal cases. He has worked with the United States Attorney’s Office in Miami on cases involving money laundering and RICO.
Al has also performed regulatory compliance audits and account reviews on high-risk private bank accounts for the banking industry.
Al also has extensive experience in mortgage lending. He is a member of the Miami-Dade County Mayor’s Task Force on Mortgage Fraud.
MFI-Miami Offers You The Four C’s Of A Successful Mortgage Fraud Expert Witness
Aggressively Stopping Queens Foreclosures With An Aggressive Queens Foreclosure Defense
MFI-Miami has created the most aggressive Queens foreclosure defense team for aggressively stopping Queens foreclosures! We are also the only foreclosure and mortgage experts with the strength to successfully challenge any lender in a Queens courtroom.
MFI-Miami has become a lender’s worst nightmare. Why? MFI-Miami has successfully challenged some of the most arrogant foreclosure mill lawyers and lenders in Queens.
Steve Dibert has also helped keep lenders from discriminating against Hispanics and people of African and Caribbean descent. How? By stopping Queens foreclosures. In addition, he has helped keep combat veterans in their homes.
New Jersey Man Convicted of Promoting Mortgage Recovery Tax Schemes
Mortgage recovery tax schemes are illegal as Kenneth Crawford Jr. of Atlantic City found out. A federal jury in Camden, New Jersey, convicted Crawford of conspiring to defraud the IRS and filing false claims. The jury also found him guilty of obstructing the internal revenue laws.
Prosecutors stated at trial that Crawford and others promoted and sold a mortgage recovery tax scheme. The scheme obtained fraudulent refunds for their clients fraudulent from the IRS between 2015 and 2016.
Crawford promoted the scheme to people who were facing foreclosure or behind on their mortgage payments. He sold people on the idea that they could wipe out their mortgage debts by filing tax forms with the IRS.
Disgraced Foreclosure Lawyer Psycho Mark Stopa Has Tantrum Over Criticism Of His Self-Published Book
Disbarred and disgraced Florida foreclosure lawyer Mark Stopa has self-published a new book. Not only that, it appears he wants to start an astroturf “movement” around it.
The book entitled “PeoplevMoney” is nothing more than an attempt by a delusional and narcissistic Stopa to repair his self-inflicted shattered image. Yes, Mark, I read your book.
Apparently, his astroturf movement is nothing more than an extension of Stopa’s attempt to resuscitate the narcissistic image he has of himself as a midget white Jesus.
The disgraced foreclosure attorney wants to blame a corrupt judicial and political system for his downfall. Carol Asbury attempted to do the same thing before she was hauled off to the big house in 2011. Asbury and two others pleaded guilty to defrauding mortgage lenders in a multi-million dollar straw deal scam.
Foreclosure Lawyer Mark Stopa Banned For Life From Practicing Law In Florida
The Florida Supreme Court has permanently disbarred foreclosure lawyer Mark Stopa. Stopa was once among the state’s best-known foreclosure defense attorneys. The court ordered Stopa to pay $31,620 in costs related to the Florida Bar’s investigation of him for violating bar rules.
Stopa had been under indefinite suspension since last year for his “boorish’’ behavior toward judges. He also failed to tell clients about bank settlement offers and other professional misconduct. The Florida Department of Law Enforcement later raided his Tampa area office. They seized computers and records. They soon discovered he had acquired millions of dollars worth of property from some clients through a years-long pattern of fraud and deception.
Stopa, who claimed to have represented more than 7,000 homeowners facing foreclosure, sold his law practice, which subsequently declared bankruptcy. The Tampa Bay Times stated they could not reach Stopa for comment Monday.
Are Westchester County Bankruptcy Lawyers Lying To You About Foreclosures? Bankruptcy Does NOT Stop A Foreclosure!
Let’s be honest. Westchester County Bankruptcy Lawyers are business owners. They want your money. They will sing and dance the Jitterbug on their desk to convince you to give them your hard-earned cash. Matter of fact, there is little they won’t do for your money.
Your bankruptcy lawyer is lying to you if they claim they can stop foreclosure with bankruptcy. This is not entirely true. A bankruptcy can only delay the foreclosure. This is because all a bankruptcy can do is extinguish the promissory note. It does not extinguish the mortgage which is the actual lien on your house.
You could find yourself hiring a foreclosure attorney after wasting thousands of dollars on Westchester County Bankruptcy Lawyers. You could also find yourself with both a foreclosure and a bankruptcy on your credit report.
Most Westchester County Bankruptcy Lawyers also won’t explain to you that a bankruptcy stains your credit report for ten years.
A foreclosure only stays on your credit report for 7 years. You can also qualify for a new mortgage within 2-3 years after a foreclosure. As a result, negotiating a loan modification with a foreclosure attorney or walking away is a better strategy.