Information Disclaimer

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Flagstar Bank Mortgage Short Sale

Flagstar RMA Short Sale Package

Mortgage Assistance Form.

Flagstar Short Sale Decline

Flagstar Short Sale Denied?

Flagstar Mortgage Short Sale Negotiators. We're On Top.

 

Flagstar Bank Mortgage Short Sale Process

Some investors have a requirement that you will first have to apply for Flagstar Bank Loan Modification but once you have been declined for it the process becomes pretty simple:

  1. To initiate the short sale process our representative will have to place a call to the Flagstar Bank and talk to their councellor.
  2. You fill be required to completely fill the Flagstar Request for Mortgage Assistance form and submit it with supporting documents and finances.
  3. Property valuation will have to be scheduled and completed by Broker’s price opinion (Certain Investors Require Two Interior Inspections)
  4. Negotiation of terms with Flagstar Bank About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
  5. Lender Provides A Response To Short Sale Offer Made.

The short sale process with Flagstar Bank is never easy and anyone who has been through the process will know this. A lot of problems will have to be faced. Its very typical that you will have to repeat the same steps again and again. You should know that we will have to run around from department to department during the Flagstar Bank short sale process. The Loan Modification Department maybe needs to close it out, or the short sale department doesn’t have someone assigned to Flagstar Customers Service Department; Above all you need to know better when they are sending you in the wrong direction. Often clients come to us after submitting the wrong information on their application, getting denied, and not being able to figure out what happened. We can help you review any declines.

Flagstar Bank Short Sale Timeline

It can be really helpful to the process if you know what effects the Flagstar Bank Short sale timeline. These are just a few of the hoops we jump through when dealing with a short sale.

  • For one, Flagstar Bank is just a mortgage note service providing company. Flagstar Bank Short Sale Application is generally only a piece of what governs Flagstar Bank’s mortgage servicing as they have to bide by the PSA or Pooling and Servicing Agreement that sets the rules for each and every loan; This contract is directly between servicer and investor. Flagstar Bank is not allowed to make all the decisions themselves. The investor only authorises the company to take the decisions themselve in some of the cases only so for the decision that they are not authorised to make they will have to get permission from the investor. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers. The more layers of burueacracy you’re going to deal with the longer it’s going to take.
  • Additionally, The fact that if your Flagstar loan has a sale date also effects the timeline of the short sale process. Flagstar can be a lot difficult to deal with when it comes to stopping of foreclosure process so Flagstar short sale can be completed. Your chances of getting bumped up in the process can improve if you can get a value completed. As a loan servicer they have homes being sold at auction every day. Sale dates even for the coming week are not worked with ugency you would expect. As a first come first serve business model it can also be influenced by foreclosure status and proximity to the upcoming sale date (if applicable).
  • Finally, not all negotiators were created equal; This goes for both sides. Often miscomunication is the number one reason while a short sale fails. People become very specialized in this niche of representing homeowners (borrowers) infront of Flagstar Mortgage in these financial application processes to find mortgage assistance. Often you will be put though the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are.

Flagstar Short Sale Timeline Conclusion: Your Flagstar Short Sale Timeline will vary based on many different factors. Decisions can be made in house will clearly be quicker than those that have to be sent out for appoval., what the value comes back at from the appraisal completed by Flagstar’s Short Sale Department compared to what the offer is that is being made to them, how fast Flagstar’s Loss Mitigation department received the Flagstar’s Short Sale Application documents are received (readble) and other factors will come together to effect how long it will take for your Flagstar Short Sale to be Approved.

If Your Flagstar Short Sale Was Denied There May Still Be Options.

 

How To Fix A Flagstar Short Sale Decline?

Often dealing with Flagstar Bank and how they deal with short sale buyers offers being declined may be confusing. Often they will not be clear not only as to why but if there is anything that can be done to fix it.  Here at ACG we review dozens of points in order to understand why your Flagstar short sale offer was rejected. Have us review your declined short sale for free by calling us at 888-934-3444.

Flagstar Loan Servicing Contact Information

Flagstar Bank Customers

Flagstar Complaints and Reviews

Flagstar Bank Mortgage Reviews

Flagstar Bank Mortgage Complaints

Often we have gotten on the phone with a Flagstar Loan for one of our Customers where we are given the run arround. They can be very difficult to work with and making matters worse is their rude agents on the phone. When dealing with a Loan Servicing where the people on the phone make you feel like they don’t care getting a straight story can be difficult with your Flagstar Mortgage.

Flagstar 1 Star Review:

This company is so annoying. I am a vet that was given an opportunity to lower my interest rate. But to tell you what if I had read reviews with this company I would have not done it. I was already shady bout starting a new mortgage with a new company. And these people showed me why. They call me every month after I asked them not to call. To ask me when I’m gonna pay my mortgage if it’s not in by 1st of each month. That’s right there gets on my nerves. I have had to damn near cuss people out every month. Then the lady got the nerve to say, “It would be annoying if we got you with a late charge every month.” Look here first I have to be late to get a late charge which I am never late. So why call me, “Oh we won’t call if you just go online and set up a future payment.” I know that… Stop calling me!!!

C., Nowhereville, AK

Flagstar 1 Star Review:

I sent in the full payoff provided to me by the payoff department at Flagstar. After about a month, I contacted the bank because I had not received my title. At that time I was told that because I did not send the payoff by certified check that I had to pay an additional $105 in interest and fees. Of course they took the payment that they received on 11/16. When I asked why I should pay the extra fees I was told because their system processes the payment differently. Flagstar received and accepted the full payoff within the payoff period. Because their system processes it incorrectly I am penalized?? That should be illegal!!

Kevin, Vista, CA

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

Flagstar 1 Star Review:

I received a notice that my rent would increase due to my escrow account going up. I explained that I was not able to afford the entire increase and would be $78 short. I was told that was unacceptable and they would not accept my payment. I was then transferred to 3 different people and when asked to speak with a supervisor she was VERY rude and threaten me with a late fee and reporting to the credit bureau. No one tried to help me nor understand my situation this one time. I will be refinancing ASAP and will not refer ANYONE to this company.

Lisa, Dallas, TX

1 Star Situations Happen Every Day

 

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start.

Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group!

Daniel, Santa Clarita, CA

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Flagstar Mortgage.

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Flagstar Mortgage.

Flagstar Bank Short Sale News

Flagstar Bank Foreclosure Process

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information...

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Flagstar Bank Deed In Lieu Of Foreclosure

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information...

read more