January 30, 2009
For Immediate Release
Contact: Steve Dibert, President, MFI-Mod Squad, LLC
Email: steve@mfi-modsquad.com or www.mfi-modsquad.com
Miami: 305-851-2460 Metro Detroit: 248-841-8511 Orlando: 407-278-5733
Ft. Lauderdale: 954-607-2266 Northern MI: 231-622-7566 Tampa: 941-312-7620
West Palm Beach: 561-317-9978 Washington D.C.: 301-979-9577 Boston: 857-776-3030
MFI-MOD SQUAD TO BUST UP SHADY FORECLOSURE RESCUE AND LOAN MODIFICATION SCAMS
West Palm Beach, FL-Steve Dibert, founder of MFI-Miami, LLC, Florida's premier forensic mortgage fraud investigation and forensic mortgage auditing firm is launching MFI-Mod Squad, LLC.
MFI-Mod Squad is the only privately funded loan modification investigative firm in the United States. The goal of MFI-Mod Squad is to expose illegally run loan modification and foreclosure rescue companies and the people who run them. These firms convince desperate homeowners to pay them huge upfront fees by playing on home owner's fears when their real intent is to take the home owner's money and run. Many of these companies operate by doing business in states that have not adapted their laws to include loan modifications. They solicit clients in states outside their own even if the state where the homeowner lives has laws that govern loan modifications. This is done intentionally because they think the client won't know how to find them or they think a homeowner facing foreclosure does not have the funds to pursue them across state lines or in federal court. Some even use "Affiliates" or "Resellers" to collect the money for them in an attempt to shield themselves from prosecution. Some of these companies are even run by convicted felons who are barred from working real estate or lending.
"These people think they're smarter than you and they think they can get away scot-free," said Steve Dibert, Owner of MFI-Mod Squad, "I want to give homeowners the protection they need to protect themselves from kicked while they are down. Besides, a smart criminal knows you can steal more with a smile than you can with a gun!"
MFI-Mod Squad has three purposes.
First, to give homeowners a place on the Internet where they can educate themselves about loan modifications and loan modification companies so they can protect themselves from being taken advantage of. The website is in a blog format so homeowners can share their stories about loan modifications.
Second, MFI-Mod Squad wants to give homeowners a place where they can get help investigating unscrupulous loan modification companies. If a homeowner feels they have been conned by an unscrupulous modification company or feels the loan modification company is operating outside the law, MFI-Mod Squad will investigate the company for no charge.
Third, MFI-Mod Squad will publicly expose these unscrupulous companies and use the power of the Internet to shut them down. Once MFI-Mod Squad completes its investigation, the report will be posted on the website and a copy will be immediately sent to state and federal law enforcement officials and regulators for further action. Not all loan modification companies are bad or are breaking the law. There are good ones that work hard for their clients, play by the rules and are just as eager to force these people out of the industry as MFI-Mod Squad. Those companies will be promoted on the site and will be encouraged to contribute as will consumer advocates, attorneys and law enforcement.
About MFI-Mod Squad
Headquartered in Boynton Beach, Florida, MFI-Mod Squad, LLC is the only privately funded loan modification investigative firm in the United States. The goal of MFI-Mod Squad is to expose illegally run and shady loan modification companies and the people who run them. For more information, visit www.mfi-modsquad.com, contact 561-317-9978, or email steve@mfi-modsquad.com.
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