Due to the economic slide that happened in 2008-to current we had to close a Electrical service company due to Contractors stiffing us almost 80,000.since we were a rather small company it was devistating to us professionally and personally.

We held on for about 2 years but had to close the business in 2010, and file bankruptcy. We were unaware that our home was included or knew that it is required in the state of WA until we traded a car in 8 months later. We have never been late on our mtg with Flagstar and kept paying even though it was included in the bankruptcy. Our home is now worth almost 100,000 less than what we owe on it.

with a 2500 payment and the market not quite improving much we called for modification. They told us they can do nothing for us because we are current in our mtg there is not help. We stopped paying just to see if we qualify for a modification. we are now 2 months in, they just came back and said we do not qualify because our home is worth the amount that we owe on it.

OMG what? Its a 4 bed 1990 sf home that is 12 years old. worth about 260,000-280,000max. The homes down the street are 3100 sf 4 bed new for 360,000.

So frustrating because we want to stay in our home, we just want to modify and refi with a better rate!

We work our butts off now we are faced with forclosure if they do not modify this then we have to wait another 3 years to qualify for a mtg, In our area there are no rental homes or very little and not very many apartments either..Flagstar has trapped all of us they need to not be in business...

Had an Experience with Flagstar Bank?

Write a review


Terms of Service
Post Comment
Fremont, California, United States #1143359

I hope everything worked out fine in the end for you and your family.

If it did not, please email me at fightflag.mary@gmail.com or call 650.283.3093 to inquire about joining a current class action lawsuit against Flagstar.

We will pay all of the costs and fight for you. More people need to stand up to Flagstar!



Took two years to get a Modification From Flagstar

You May Also Like

ADVENTURES IN PAY PAL LAND SYNCHRONY BANK GE CAPITAL RETAIL BANK CONTINUE TO PUT THE SCREWS TO ITS CUSTOMERS Ge Capital Retail Bank "Please look at the uploaded documents so that you can see what I'm talking about. I do not understand why "The Consumer Financial Protection Bureau" closed their files on..." 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 Ge Capital - "DEADLY DISEASE" Ge Capital "You will find copy and paste from various complaints about GE Capital Retail Money Bank, which is also known as "GE Money Bank" "Ge Capital Retail Bank" "GE Capital Retail..." Read more HSBC Bank Credit Card Customer Service Really Sucks Big Time! Hsbc "Back on Monday, January 9, 2017, I called up my HSBC Mastercard Credit Card Company at (888) 662-4722 because I needed to get a hold of the Disputes Department regarding..." Read more Jawbone - $150 band was broken in less than a year and I’ve received no compensation or adequate customer support Jawbone "My UP3 band was broken in July 2016 and I opened my first ticket using Jawbone support page on July 20th, 2016 I was asked for detailed information about the..." Read more Little Caesars - So Disappointed Little Caesars "Why would you ever even consider the use of a spoiled boy in front of a game on TV? Insane the slam you make on families. Just simply wrong and..." Read more Adventure RV - AVOID AdventureRV.net Adventure RV "If anyone is in the market for RV parts, I would STRONGLY DISCOURAGE you from dealing with AdventureRV.net. I recently had one of the worst customer encounters of my life..." Read more Oceans6 - Racially harassed by this sleaze-bag you employ Oceans6 "Truck parked illegally at McDonalds so I tell the guy in the pics that the truck shouldn't be parked there. He started up by telling me to go back to..." Read more