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**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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**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 Deed In Lieu Of Foreclosure

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Flagstar RMA Deed In Lieu of Foreclosure Package

Mortgage Assistance Form.

Deed In Lieu Decline

Flagstar Bank Deed In Lieu Application Denied?

Flagstar Bank Loan Mortgage DIL Process

How does a deed in lieu work? Learn.

Flagstar Bank Loan Deed In Lieu Negotiators. We're On Top.

 

Flagstar Bank Deed In Lieu of Foreclosure Process

If your current loan is serviced by Flagstar Bank and you want to apply for Deed In Lieu of Foreclosure then we at ACG will make sure that our customers go through a process that is standard and similar to most companies:

  1. One of our team members places a call to Flagstar Bank and sometimes we have to follow up after placing an appointment but once have spoken to them the process will be initiated on your Deed In Lieu Application.
  2. Request for Mortgage Assistance Paperwork is also required for the process.
  3. You may have to go through a review for Loan Modification before the DIL process.
  4. You may be required to sometimes sell your property to someone else deeding it back to Flagstar Bank. This is done by Flagstar to protect themselves from the liability of the property.
  5. You will have to get your property’s title checked as the next step of the process.
  6. A valuation will be completed on your property by Flagstar Bank on behalf of the investor.
  7. Terms of relocation and timeframes will be negotiated by us with Flagstar Bank.
  8. Lastly, your lender (Flagstar Bank) provides a response to the deed in lieu of foreclosure made to them.

The 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. But you don’t have to worry ACG has a decade of experience in helping customers facing difficulties with their mortgage. It is very typical that you will have to repeat certain steps again and again. To get the job done for you we have come to know after a decade of experience dealing with these situations that we will have to run around from department to department. Maybe you have been going through a loan modification process with Flagstar Bank for a long time and maybe they have to close the file or review it. Maybe the short sale department has your file because their trying to push you to sell the home first. We are here to do everything for you and most importantly you should be able to figure out when they are sending you in the wrong direction. Often clients come to us after submitting the wrong information on their deed in lieu application, getting denied, and not being able to figure out what happened. We can help you through the process of doing a deed in lieu of foreclosure even if that means reviewing a decline made by Flagstar Bank.

Flagstar Bank Loan Deed In Lieu Timeline

Similarly to any company of its size timeline of Deed In Lieu Process varies greatly. Sometimes it varies due to obvious reasons and sometimes it is not clear what is going on. These are just a few of the hoops we jump through when dealing with a deed in lieu with Flagstar Bank.

  • To begin with,  Flagstar Bank as is clear from their name is just a loan servicer. They are only working on behalf of what they call as an investor. Flagstar Bank has to follow a set of rules for any process which is called as “PSA” or Pooling and Servicing Agreement that governs the pools of mortgages they service. The PSA is like a  contract between servicer and beneficiary of the mortgage note. Due to these set of rules Flagstar Bank can not always make a decision themselves and for the decision that they are not allowed to make they will have to get approval from the investor. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers and take care of many of the decisions themselves. As always the greater the number of hands in the put the more layers of bureaucracy you’re going to deal with.
  • Additionally, The fact that whether you loan has a foreclosure date or not hugely effects the timeline of the process. When a sale has to be stopped so that the Deed In Lieu of Foreclosure process can be completed the company can be very difficult to deal with. The sale dates even in the coming week are not worked on urgently as a company like Flagstar Bank has sale dates for every working day of the week. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
  • Finally, not all negotiators were created equally. This goes for both sides which is what makes the process so tricky. At such a large level of this type miscommunication can lead to certain failure. It is a very specialized skill to represent a homeowner in this niche of Deed In Lieu of Foreclosure process that can be learned only through experience. 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 for the banking institution who owns the interest in the loan.

Flagstar Bank Loan Deed In Lieu Timeline Conclusion: The timeline of the Flagstar Bank Deed In Lieu Of Foreclosure depends on a very broad range of factors and not only limited to the ones mentioned above. A decision will be made a lot quicker if Flagstar Bank can make it themselves. What the lender perceives as the value of the property will also effect the timeline. If you have other liens this is also likely to limit your ability to complete a deed in lieu. How fast Flagstar Bank’s Loss Mitigation department receives the Flagstar Bank Deed In Lieu Forms to apply for mortgage assistance are received (readable) and other factors will come together to effect how long it will take for your Flagstar Bank Deed In Lieu application will take to be Approved.

If Your Flagstar Bank Loan Deed In Lieu of Foreclosure Was Denied There May Still Be Options.

 

How To Fix An Flagstar Bank Deed In Lieu Decline?

The reason as to why your application was denied can often be very confusing. Mostly we have seen miscommunication as the most important reason for decline. 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 Bank deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

Flagstar Bank Deed in Lieu Reviews

Flagstar Bank Deed In Lieu Complaints

Often we have gotten on the phone with a Flagstar Bank Loan for one of our Customers where we are given the run around. 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 Bank.

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 Deed in lieu News

Flagstar Bank Deed In Lieu Application, Forms And Packages

**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 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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