Services for Real Estate Pros with MFI-Miami

January 30, 2009
For Immediate Release
Contact:           Steve Dibert, President, MFI-Mod Squad, LLC
Email: or
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         
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, contact 561-317-9978, or email

Comments (7)

Adrian Cox
Loan Protector Insurance Services - Catonsville, MD

Steve, it's nice to hear about your firm's efforts to crack down on the rampant misinformation surrounding the loss mitigation industry. I'm convinced that many of the firms in this market segment simply collect fees from the homeowners, wait 90 days or so, and then return the fees, less the "minimum retainer fee" to the homeowner. No wonder the homeowners don't know who to believe and miss out on the real help that can be available to them through short sales and loan modifications.

Feb 03, 2009 01:06 AM
Chris Oliver
Century 21, Preferred Properties - Reynolds Plantation, GA

Good for you. Be careful of lawsuits though.

Feb 07, 2009 07:35 AM
Steve Dibert
MFI-Miami - Fort Lauderdale, FL

I'm not too worried about the lawsuits.  Most of these parasites don't want the publicity of a lawsuit.  I can back up what I write with fact and I have good lawyers on my side.

Feb 07, 2009 09:03 AM
Johnny Burke
Keller Williams Realty - Los Angeles, CA

Hi Steve

Speaking of loan mod companies, I recently came across one that operates out of an attorneys office here in Los Angeles. They ask for fees ranging from $2,500- $5,000 on the first phone call WITHOUT seeing any financials/docs or talking to the client's lender. There was no clear refund policy as well, only in the event the loan mod is not successful, the firm would offer to handle the bankruptcy or short sale for an additional retainer fee. They also informed their phone agents that even those homeowners without a job can still qaulify.  Against the law? or just plain unethical? your feedback would be appreciated.

Feb 08, 2009 08:20 AM
Regarding the last comment, it's clearly unethical and maybe against the law as well. In a loan modification, the homeowner is trying to demonstrate that they can continue making payments, but with different terms. If someone is unemployed, with an assumed income of zero, they can not qualify for any payment. I suppose that this firm is saying the everyone will qualify to reviewed (and charged an exorbitant fee), but this clearly misleading. Yet another example of someone preying on someone else's unfortunate circumstances. Book 'em, Dan-O!
Feb 08, 2009 10:46 AM
Steve Dibert
MFI-Miami - Fort Lauderdale, FL

If it's not illegal, it sure sounds like this firm is pushing the envelope of the gray area.   I don't know of a lender who will modify a loan for a person who can't show income.  One of the reasons why alot of homeowners here in Florida are getting turned down for mods is because they are in stated loans.

Feb 08, 2009 11:01 AM

steve, thanks for your website.  we need more companies like yours to help homeowners like myself who are scammed by companies claiming to deliver loan modifications.

Jul 07, 2009 12:22 PM