MIAMI, FL, January 27, 2025 /24-7PressRelease/ -- International fraud investigation company, MFI-Miami has filed a complaint with the Florida Office of Financial Regulation after it reviewed the $21.3 million Romspen loan to Caroline Weiss and her Blue Lagoon properties in 2020.
MFI-Miami examiners found serious irregularities in the $21.3 million dollar loan. Irregularities that call into question the legalities of Romspen lending practices. It could also derail Romspen's foreclosure litigation against Weiss.
First, the Florida Office of Financial Regulation does not show a license for Romspen's Cayman Island based TIG Romspen US Master Mortgage LP or any other Romspen controlled entity to lend money in Florida.
Florida law requires TIG Romspen US Master Mortgage LP to licensed and registered to lend money to individuals in Florida.
Second, TIG Romspen US Master Mortgage LP has also never been registered with the Florida Secretary of State to conduct business in the state of Florida.
Had Romspen simply loaned the money to the Weiss LLCs there would be no issue with the loan.
However, Romspen also loaned the money to Weiss individually. Florida law requires non-bank lenders to be licensed and registered in the state of Florida if they loan money to individuals.
After reviewing the file, MFI-Miami discovered that Romspen named Caroline Weiss individually on the loan along with her LLCs. Additionally, Romspen filed a lien on Weiss's personal home in Coral Gables, Florida.
The Canadian lender openly admits this in their current foreclosure litigation against Weiss filed in May 2023 (Case #2023-017596-CA-01).
Headquartered in Asia with an office in the UK, MFI-Miami is an international leader in investigating mortgage fraud. Since 2008, MFI-Miami has researched appraisal fraud, mortgage compliance, mortgage fraud, mortgage modifications, mortgage payment issues, mortgage securitization and title insurance issues. For more information, visit www.mfi-miami.com or email steve@mfi-miami.com
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