MFI-Miami Warns Consumers About New Mortgage Rip-Off by Closing Agents

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Wed Jun 10, 2009 1:16pm EDT

WEST PALM BEACH, Fla.--(Business Wire)--
MFI-Miami, LLC, a mortgage fraud investigation company, announced today that
it`s calling on state and federal agencies to investigate closing agents and
closing attorneys. These agents and attorneys have been charging homeowners for
copies of mortgage documents. 

Stephen Dibert, President of MFI-Miami, says: "The very people who are supposed
to help homeowners are showing excessive greed, especially attorneys who took an
oath." 

Homeowners need their mortgage documents when trying to obtain a loan
modification or when hiring legal counsel for a foreclosure defense. Though
these documents are supposed to be given to homeowners at the closing, they are
often not supplied. 

After doing hundreds of document examinations, MFI-Miami has discovered that
many title agencies and title attorneys overcharged homeowners for title
insurance and other fees by thousands of dollars. Now that homeowners are
desperately trying to get financial relief and avoid foreclosure, these same
agencies and attorneys are charging homeowners hundreds of dollars for copies of
documents that should have been supplied at closing. 

"Closing agents are essentially holding mortgage files for ransom if homeowners
don`t agree to pay a fee," says Stephen Dibert. "These agents and attorneys got
used to the easy life during the gilded age of mortgage lending. Unfortunately,
they`re now clinging to that lifestyle at the expense of homeowners." 

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 homeowners` mortgages. For more information, visit
www.mfi-miami.com, contact 561-317-9978, or email info@mfi-miami.com. 



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




Copyright Business Wire 2009

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