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South Florida Tax Return Preparer Facing Civil Fraud Claims By The Feds

Justice Department Files Civil Suit To Shut Down South Florida Tax Return Preparer

tax return preparer

Federal prosecutors in Miami have filed a civil suit seeking to bar a South Florida tax return preparer from owning or operating a tax return preparation business. They are also seeking to bar Dimary Cordero Torres and her companies from preparing tax returns for others.

Cordero owned NMB Accounting and Tax Services LLC (NMB) and WFS Accounting and Tax Services LLC (WFS). The USAO also seeks an order requiring Cordero to give up any ill-gotten fees.

The complaint also states Cordero operates tax preparation stores in and around Miami. The feds allege that Cordero falsely increased her customers’ refunds. They also allege she profited through undisclosed high fees at the expense of their customers and the Treasury.

Read more at MFI-Miami

Bank Of America Foreclosure Mill May Have Altered Mortgage Documents

Did Bank of America Foreclosure Mill Alter Mortgage Documents In A Foreclosure Case?

Bank of America Foreclosure Mill

MFI-Miami has busted a suburban Milwaukee foreclosure mill for filing altered mortgage documents as evidence in a foreclosure case. The Bank of America Foreclosure Mill is BP Peterman Law Group. BP Peterman Law Group was representing Bank of America in a foreclosure action against Dwayne Mosley.

Bank of America panicked after learning Mosley had hired MFI-Miami to investigate the file. As a result, they sold the mortgage to Carrington Mortgage Services during litigation. 

Here’s what happened:

On February 20, 2018, BP Peterman filed a foreclosure complaint against Mosley in the Waukesha Circuit Court.

As in any judicial foreclosure, the lender’s lawyer must provide a copy of the mortgage along with mortgage assignments and the note with any allonges as exhibits in the complaint.

Read more at MFI-Miami

Personal Loan Debt Outpacing Student Loan And Credit Card Debt

Personal Loan Debt Growing By 11% Annually And Is Outpacing Student Loan And Credit Card Debt

personal loan

Personal loan debt is the fastest-growing debt category in the country. It is outpacing student loans or credit cards by double digits.

Personal loan debt now exceeds $300 billion. Credit reporting agency Experian states this is an 11% yearly increase.

Personal loans can help consolidate credit card debt or make funds available for major projects like home remodeling effort. However, personal loans do differ in some key ways from other types of credit you might use.

Read more at MFI-Miami

Reverse Mortgage Solutions Scam Alert!

REVERSE MORTGAGE SOLUTIONS SCAM ALERT! Reverse Mortgage Solutions Targets Seniors For Foreclosure! 

Reverse Mortgage Solutions Fraud

MFI-Miami has issued a Reverse Mortgage Solutions Scam Alert!

It seems like Reverse Mortgage Solutions is pulling a reverse mortgage scam on unsuspecting seniors with Reverse Mortgage. They are showing no shame in doing it either. 

Reverse mortgages are great because they give seniors who are house rich and cash poor needed cash. Local taxes and any HOA fees are still the responsibility of the homeowner.

Servicers can and will foreclosure if the taxes are not paid.

Reverse mortgages are great for most seniors. Unfortunately, reverse mortgage servicing companies like RMS have figured out how to cash in by screwing equity-rich seniors with Reverse Mortgages.

Read more at MFI-Miami

Deutsche Bank Executive Who Signed Off On Trump Loans Kills Himself

Deutsche Bank Executive Who Signed Off On Trump Loans Found Dead In His Malibu Home From Apparent Suicide

deutsche bank executive

Thomas Bowers, a former Deutsche Bank executive and head of the American wealth-management division, killed himself in Malibu, California, on Tuesday, November 19th, according to the Los Angeles County coroner’s initial report.

Bowers has three adult children. He was widowed in 2017. He reportedly became engaged this summer to a longtime Malibu local he had known since childhood. According to our sources, the two broke up shortly before Bowers committed suicide.

Read more at MFI-Miami

Celink Reverse Mortgage Scam Alert!

CELINK REVERSE MORTGAGE SCAM ALERT! Celink Targeting Seniors For Foreclosure! Don’t Be A Victim!

Celink Reverse Mortgage

MFI-Miami has issued a Celink Reverse Mortgage Scam Alert!

It seems like Celink Reverse Mortgage is pulling a reverse mortgage scam on unsuspecting seniors with Reverse Mortgage. They are showing no shame in doing it either. 

Reverse mortgages are great because they give seniors who are house rich and cash poor needed cash. Local taxes and any HOA fees are still the responsibility of the homeowner.

Servicers can and will foreclosure if the taxes are not paid.

Reverse mortgages are great for most seniors. Unfortunately, reverse mortgage servicing companies like Celink have figured out how to cash in by screwing equity-rich seniors with Reverse Mortgages.

Read more at MFI-Miami