New Firm Investigates Illegal Mod Companies

Posted by Orb Staff on January 22, 2009 No Comments
Categories : Mortgage Servicing

A new investigative firm has been created to contend with the growing number of illegally run loan modification and foreclosure rescue companies. MFI-Mod Squad, founded by MFI-Miami LLC head Steve Dibert, is a privately funded loan modification company based in Boynton Beach, Fla., that aims to expose companies that charge troubled homeowners large up-front fees in exchange for promising to save their homes from foreclosure.

The company states it has three purposes: to educate homeowners about loan modifications, to investigate claims of unscrupulous modification companies and to expose such companies by using "the power of the Internet to shut them down."

Once MFI-Mod Squad completes its investigation, a report will be posted on its Web site and a copy will be immediately sent to state and federal law enforcement officials and regulators for further action.

SOURCE: MFI-Mod Squad

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