Fay Servicing Warning! Can Fay Servicing Validate Your Mortgage Debt? Probably Not!
Steve Dibert, CEO of internationally-renowned mortgage fraud investigation firm MFI-Miami, announced today that MFI-Miami has discovered serious flaws in the way Fay Servicing validates debt owed by homeowners. As a result, MFI-Miami has issued a Fay Servicing Warning to homeowners.
MFI-Miami CEO Steve Dibert:
Homeowners need to request their complete mortgage transaction histories from Fay Servicing and review them. If there is missing information or if something doesn’t look right, they need to contact a lawyer or a properly trained mortgage fraud expert immediately!
MFI-Miami has examined nearly 50 transaction histories from mortgage loans currently serviced by Fay Servicing since 2015. Nearly 30 of these contained serious accounting flaws in the transaction histories. These flaws would call into question the amount homeowners owe on their mortgages. Additionally, MFI-Miami’s team of Forensic CPAs have described Fay Servicing transaction histories as everything from a mess to a trainwreck.
These flaws also include 5-year and 10-year gaps in the transaction histories. They also include conflicting payoff figures on payoffs dated the same day. As well as transaction histories with fictitious and inflated payments made to local taxing authorities.
Steve Dibert also said:
There is a definite pattern of impropriety going on here. I find it odd that one of the largest mortgage servicers in the US can’t do the basic 5th-grade math required to calculate an accurate payoff on a mortgage.
There’s More Than To The Fay Serving Warning! Learn More About Fay Servicing Foreclosure Defense:
Fay Servicing Foreclosure Defense
Fay Servicing Hotline! Call 888.737.6344! We Can Help!
junior 10:27:37 am November 11, 2019
That would be great advice….if only attorneys existed who didnt rush right to the “bankruptcy” button as their only tactic.
So, I’ve been fighting fraudulent foreclosure attempts for 13 years now. First foreclosure suit was filed against us and the “plaintiff” withheld service intentionally. That suit was dismissed about a year later because they never served us and we were not even aware of it.
Second suit filed in 2013. “Original lender” was plaintiff–although it later became apparent that they were not the holder of the “note”. I did what everyone does–I went looking for an attorney. After speaking with more than a dozen attorneys in my area, meeting a few of them in person, I was left dumbfounded. They all said the same thing–they didnt even want to hear about our side. They said that their plan is to file BK, which would allow us to save up the money we would normally spend on the mortgage payment each month, and this would buy us time to get together enough money to move out. Not one of them cared at all about what info, evidence or questions we had. When I finally convinced one of them to just give me 5 minutes and hear me out, his ultimate response was ‘ok, your 5 minutes is up, and if you try to fight the foreclosure like this, you’ll lose and be out on the street in less than a year. The evidence I had proved that we made payments that were not credited to the loan balance, and also that we now have a big question of who the real party actually was. He didn’t care.
I then filed a denial and a counter claim for damages. No kidding–the “original lender” promptly claimed to have sold the loan shortly after getting our counter claim. What followed next was a drawn out pattern of even more fraud. The “new plaintiff” suddenly claimed in 2017 that the note had been lost the year prior to the suit being filed–something the “original plaintiff” never informed the court about. In my state, this is a legal issue because there’s a specific civil procedure required on a lost note suit.
At one point, I learned that the judge on this case was having private conversations with the plaintiff’s attorney over motions I had filed. BIG violation of judicial conduct and attorney conduct as well. This is when I gave one last try to find an attorney. I found the only law firm in my state that advertises itself as going after mortgage fraud and foreclosure fraud. Set up the consultation. Met with one of the lawyers from that firm. She advised me that I clearly had sufficient evidence of both fraud and misconduct on the part of the lawyer and the judge…and then told me that if I hired this firm to represent me, they would NOT pursue either the fraud or the misconduct. Why not? Because they have to deal with those lawyers and that judge in future cases, and if they fought it out for me, they would certainly be black-balled in that court in the future. So, scratch that. No attorney. Ive been going it pro se the whole time.
So where is the case now? It’s in front of the court of appeals. both parties filed for summary judgment. Theirs was denied, and the judge literally said that because he denied theirs, he basically had to deny mine too….which completely ignores the law and case law. So the appeals court is about to sort that out. Fay is the current claimed servicer. They used an affidavit for the plaintiff’s summary judgment attempt that was signed and sworn to by a lady who claims to work for Fay for the last 7 years–but she actually works for BSI Financial instead. She’s never worked for Fay. So, more fraud once again. It just never ends.
Since the improper communication issue with the judge—who was forced to recuse themselves when I moved for recusal–I now also have a whole ton of evidence of complete failure of anything up to and including common sense on the part of the “plaintiff”. They are trying to prove a single account. So, they use a partial copy of a note bearing a certain 14-digit account. They claimed through discovery that only a single 8 digit account number was ever used by the original lender. Then they try to use a “lost note affidavit” bearing a 17-digit number. And many years back, during a refinance application with the same party, they declared TWO different account numbers–a 13-digit number and a different 14 digit one from what’s on the “note”. All told, they are trying to use 6 different account numbers–different numbers of digits, different actual digits—and all of these are claimed to represent this one account while the original lender supposedly still held it. And they see nothing wrong with this….they did not even attempt any explanation as to how all these different numbers link to one account. They simply claim that they’ve done nothing wrong, and that I made up all my claims against them out of thin air.
I understand you advising people to contact an attorney. But if my experience is any measuring stick, it would be a waste of time for anyone who actually can prove fraud, deception and/or unfair practices. The lawyer I’m up against has even told this court both that they have the note in their possession, AND that they never had the note in their possession. In writing and in oral arguments.
Bottom line, if you’re looking for an attorney, NEVER settle for one that will not fight YOUR best interests out to the bitter end. Either way, your attorney will charge you and get paid for their time. If they cannot represent your legitimate interests, don’t give them a cent. Don’t hire them.