Complaint Review: MFI-Miami - Boyton Beach Florida

When reviewing the rebuttal by Steve Dilbert of MFI (it likely is him, the post contains his usual poor writing and unnecessary vitriol) it's immediately evident that amongst the hurled insults there is precious little in the way of rebuttal. The heart of the matter is the value of the report itself. While the no longer out of work mortgage broker's of MFI would have you believe their extravagantly priced reports contain information only they could uncover via their exhaustive research and super secret sources, they merely compile publicly available data in report form. This information is sometimes valuable and I would suggest anyone in need learn to do a bit of their own research and direct payments otherwise made to MFI towards employing an attorney (on this point I would agree with MR. Dilbert) Pro Se is of course doable, and some such as myself have had excellent results going about things in this manner. Many will find it excessively stressful, and will get too emotionally involved to be effective.

Most importantly of note. Almost all dismissals in foreclosure cases are the result of procedural issues on the part of the plaintiff. Rarely will you see a judge take into account NY trust law and securitization chains when considering arguments.

Obvious issues such as: Fannie or Freddie owning the loan but is in no way mentioned (check their site for verification), the Plaintiff's paperwork not matching with your closing documents, ties to "document creation companies" (Richmond Monroe has the most wonderful fliers on their site. Never has a company been so helpful in making themselves look illegitimate), etc. are useful and easily discovered on your own. Also. if you really, really want to research trusts? Yep, that's free and public as well. Check out the SEC site. 

Steve, you have a bad habit of insulting the very group that would employ you. Look at the blog on MFI's site. When more time is spent openly insulting potential customers and writing hit pieces on competition than on explaining theories or celebrating successes. This alone should be all the indication a potential MFI client would need. Also, if you really, really must have a "forensic review" shop around and you'll find many others that charge a great deal less to do what you could for free on your own.

First of all, Ray who wrote this complaint claimed to be a para-legal and thought he could play attorney for his ex-wife.  He believed that he and his ex-wife deserved a free house because their perception was that Wells Fargo lacked legal standing to foreclose and evict.  

MFI-Miami concluded that Ray's assertion was not correct and that Wells Fargo did indeed have legal standing under Michigan law.  MFI-Miami's conclusion was also supported by a Michigan district judge, a Michigan Circuit Court judge and a Federal Judge in the Western District of Michigan because under Michigan law one of four entities can foreclose, the servicer, the note holder, the mortgagee, and the mortgagee's nominee.  

My staff with over fifty years of mortgage experience and I advised Ray and his ex-wife at least a dozen times to seek legal counsel before taking this case any further or to try to settle with Wells Fargo because after losing in Federal Court, the suit was becoming frivolous and if they lost at the US Court of Appeals which was likely, they would be facing possible monetary sanctions from Wells Fargo or their attorneys which could would compound their problem.

They felt that they deserved a free house based on some crazy legal arguments found on the internet. MFI-Miami would not and could not support this Client's idiotic legal arguments nor would I make false statements on the report as Ray insisted.  So, because he's not getting free house, he is doing now what he he did when he and his ex-wife didn't make their mortgage payments, blame someone else.