Once again Flagstar Bank has screwed me out of more money. The head loan officer Doug told me he would make an exception with my construction loan if I retracted my complaint on here.
I did and two weeks later and they still didn't close on my loan. Plus they had me order a rent schedule that cost me 85.00. They also wanted me to purchase liabilty insurance before I even closed on the loan. Which would of cost me 1200.00 dollars which is non-refundable.
So now I'm down 8085.00, Their new conditions are, You need about 12000.00 dollars more than what we told you. I think everyone should file a complaint with the better business bureau. This company needs to be investigated. They are using predatory lending practices.
Please, please file a complaint with the BBB. Phil Z
Monetary Loss: $8085.