Nov 2010, Flagstar called and informed me that I qualified for loan modification. 40yrs, fixed and at 4% interest rate.
About $1300 monthly. I was happy, and submitted to Freddie Mac for final approval. I submitted all required documentations they asked. I touch based every two weeks, still waiting for Freddie Mac.
Jan 31, 2011, I called them and finally said I do not qualify and Freddie Mac denied my claim. I did what they asked me, got myself a realtor immediately, and had an offer, and Freddie Mac called third Party to contact and renegotiate to be re-qualifed, they played me and my realtor at the same time.
Product or Service Mentioned: Flagstar Bank Loan Modification.