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Crooked mortgage company

January 26, 2007

Michigan foreclosure

This is an actual request from a client:

"I was mislead by a crooked broker, who changed the loan at the last minute resulting in a much higher payment that I couldnt afford promising we could refinance in a couple of months. He then disappeard and sold our mortgage to flagstar. Im now 4 months behind and cant afford to get caught up."

Unfortunately there is nothing we can do about your original mortgage. We can however, get workout approved from Flagstar if we can show you can afford the payments. We will need you to complete a hardship letter indicating why you got behind on the mortgage payment and why you can now afford the mortgage payments. The hardship you went through that caused you to get behind must be temporary and you must now be able to afford your payments.

After we get the loan caught up with Flagstar you should seek legal advice about the fraudulent loan that you're a part of. You may be able to recoup some of your losses if the court indeed finds that the loan was done in a manner that constitutes fraud. There are strict guidelines that govern mortgages unfortunately most people don't know that these are there.

Please contact us if you are in the situation and need help.

This entry was:
Posted By Darin at 06:20 PM
Comments (3) | Categories: Flagstar, Michigan Foreclosure | Tags: michigan flagstar
 

Comments

I want to know is it possible for a mortgage to be done on a home that was paid off when a spouse dies and heirs are involved but 3 of the heirs signatures are not on the loan agreement? and can the spouse that remarries give away all the heirs right to the new spouse when this home was paid off before he even married her due to his 1st wife death and no will was done
Posted By Merlender on August 09, 2007 at 04:35 PM
Anyone looking for a Loan Modification seeking first reliable trustworthy specialist? I can get a rate lowered, payment lowered, forgive past lates and fees and even may reduce principal on mortgage. As long as the sheriff sale has not taken place I can help you save your home even if it is foreclosure or bankruptcy regardless of income, credit, job history or equity in home. If you have been on time or get behind I can get you a rate no higher than 5% and as low a 2%. Any situation that shows a hardship as well, can be done.
Posted By Rose Mary on May 08, 2009 at 03:19 PM
The same thing happen to me. The broker was crooked and the loan was higher then I was told it would be and they told me to refinance the loan. Then flagstar took over the loan.
Posted By cornelius jackson on November 09, 2011 at 11:04 PM

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IMPORTANT NOTICE: American Foreclosure Specialists (AFS) and our services are not approved by the government or your lender. www.afscanhelp.com is not associated with the government, nor is it a government sponsored website. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. You need to know that even if you accept our offer and use our service, your lender may not agree to change your loan. Also, if you stop paying your mortgage, you could lose your home and damage your credit rating. Work Out and Loan Modification Plans vary and are dependent upon mortgage company criteria and financial information gathered as part of the efforts AFS provides. The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. AFS is neither a bank nor an attorney company. By submitting this contact request, you are consenting to be contacted by foreclosure specialists by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.