5 comments

I was suppose to close this week on a construction loan, and was denied.Over labor day weekend, Flagstar said they changed their guidlines.

Three days from closing. I am thinking about taking legal action. Any thoughts They cost me about 8000.00 in various fees. The senior loan officers email is robertsisk@flagstar.com, any one have any dealings with this person.

He doesn't even have the balls to call me, I found out through someone else at flagstar that they changed their guidlines. This is just ***.

Does anyone know if I have a lawsuit here.I'm out 8000 in fees

Monetary Loss: $8000.

Had an Experience with Flagstar Bank?

Write a review

Comments

Terms of Service
Post Comment
Cancel
rms5934
#374664

Try the Office of the Comptroller of the Currency. They deal with fraudulent and bad faith business practices. Worked for us, in just 10 days.

Phil
Umuarama, Parana, Brazil #38260

Update, Flagstar Bank still refused to close on this loan.They said if I wrote a retraction, they would make an exception for my loan.

What a bunchof liars.The government needs to seriously investigate this company for predatory lending practices.

Phil Z

Phil
Umuarama, Parana, Brazil #33595

Flagstar Bank has now conditionally approved my construction loan. They have gone to great lengths to correct the problem. Thanks.

P.Z

crpntr
Umuarama, Parana, Brazil #33347

Flagstar said says they will now try and approve the construction loan.

P.Z,

liz
#33053

when you receive a loan approval, it is conditional.it doesn't matter if your guides changed or not.

for flagstar to literally change guides over a holiday weekend, however, with no prior notice, is obviously poor form. the companies i've worked for always gave at least a week notice on guide updates. how frustrating the pt of contact there won't call you back though, i truly sympathize. anger and threats will not get you anywhere though if you really want him to call you back.

try his manager, or the Ops Manager. if you locked in a rate, your closing should be honored. talk to your own boss and see what can be done.

however, if you fudged qualifying, etc., and got busted last second in a QA, then i have no sympathy whatsoever and you need to get over it.there will be no room for that BS in the future (guaranteed!) so play fair or don't play.

You May Also Like

Pnc Bank - Locked out of Savings account while overseas! Pnc Bank "I have had some bad experiences with banks, but PNC really takes the cake. I am currently overseas in South America, and PNC decides to freeze my account (on May..." Read more Ge Capital Retail Bank - DEFRUADING THE UNITED STATES POSTAL SERVICE Ge Capital Retail Bank "GE Capital Retail Money Bank/PayPal Smart Connect/PayPal have been using the United States Postal Service to "Defraud" the consumer. I have been dealing with this since 2011 & these "Crooked"..." Read more Arvest Bank - Closed my account without notice Arvest Bank "I have a treasury check that is deposited into my account every month. Like clock work, it is in there each month, usually every 28 days. I also have an..." Read more Bank Of America - BOA fails to protect customer from real fraud case Bank Of America "My credit card been phone scammed on April. I have all the evidence, police report. BUT: 1, BOA custermer service push you around in different departments, let you waiting, holding..." Read more Plentyoffish - Nothing but liars and cheaters on this site Plentyoffish "Ronald Rossi for one has a family with children and he is okder tban 40 42 years of age he is 53 years of age he is getting women off..." Read more Box Office Tickets - Burned for 120.00 when tickets were only 29 - 37 tops Box Office Tickets "I went online to To Aztec Theatre Box Office in San Antonio Tx.i clicked on telephone number to call aztec and did not know it was calling Box Office Tickets..." Read more WARNING TO ALL FORMER AND CURRENT CLIENTS OF LOCATIONS COMMERCIAL REAL ESTATE SERVICES IN FARMINGTON HILL Locations Commercial Real Estate Services "Joesph Barbera - Vice President, Business Brokerage for Locations Commercial Real Estate Services of Farmington Hills MI have hired FRANCES KURIAKUZ WHO HAS MULTIPLE CONVICTIONS FOR IDENTITY THEFT AND EMBEZZLEMENT..." Read more Boxycharm - Crazy and they lie Boxycharm "Boxycharm posted 2 underage kids on BoxyCharm made up to look like adults and I made the statement that we were tired of seeing over made up and underage kids..." Read more