Complaint Review: FLAGSTAR BANK - Something Fishy Fraudulent Going On!!! And Surprise NO ONE WILL HELP YOU!!! - Troy Michigan

The poster here was asking questions. Her main complaint is that she had to call Flagstar 20+ times to find out what was going on. She asked for advice because she clearly does not understand what happened to her credit. Nikki provided some excellent information for her. Exactly what the poster was asking for. Should she have blamed Flagstar for her lack of knowledge? No, but when something tramatic like this happens you hope that the company involved is able to assist. Another example of how customer service in America no longer exists.

YOUR EX-HUSBAND SOLD THE HOME ON A SHORT SALE <--- THIS IS WHEN A BANK ALLOWS THE SALE OF A HOME FOR A PRICE LOWER THAN THE BALANCE OWED. THE BALANCE OWED CAN BE HANDLED MANY WAYS - IN YOUR EX-HUSBANDS CASE HE AGREED TO HAVE THE REMAINING DEBT FOLLOW HIM AS AN UNSECURED DEBT. WHEN THE HOME WAS BOUGHT BOTH NAMES WERE ON THE NOTE YOU AND HIM. JUST BECAUSE YOU GET DIVORCED THAT DOESN'T RELEASE YOU OF YOU DEBT OBLIGATIONS. A QUIT CLAIM DEED IS FOR TITLE <------THIS MEANS THE OWNERSHIP ONLY// THIS DOES NOT COUNT FOR THE PEOPLE WHO ARE "ON THE HOOK FOR THE LOAN" <---(YOU AND YOUR EX) DIVORCED OR NOT. SO BASICALLY BECAUSE YOU DONT UNDERSTAND THE DIFFERENCE BETWEEN A MORTGAGE NOTE AND A MORTGAGE DEED YOU DECIDE TO PUBLICLY SLAM A PERFECTLY RAN BANKING INSTITUTION BASED ON YOUR IGNORANCE. YOUR EX-HUSBAND SHOULD HAVE TOLD YOU OF THE SHORT SALE AND YOU SHOULD HAVE HAD PROPER LEGAL REPRESENTATION FOR ALL OF THIS. YOUR AN IDIOT. REGARDS, YDNAR

I haven't had an account with a bank in years. They treat you like you were yestrday's dog doo and most of them are financially insolvent anyway and would have a very hard time covering all of the cash withdrawals if there was a run on their worthless institutions! PLEASE NOTE,I AM NOT TALKING ABOUT THIS SPECIFIC BANK! I am talking about the American Banking institutions in general. After the way the F***ing BANK treated me a very nice place that cashes my checks for 1percent of the total amount. NICE! So when they get in trouble,I sit and watch them go under. I do not have their usurious credit cards which are a HUGE rip-off. I do not support the crooked loans they make so poor people can lose their homes to foreclosures and I have a HUGE middle finger for the ENTIRE WALL STREET AND FINANCIAL RAT RACE. I buy CASH when I can and if I can't, I either save up until I do or I do WITHOUT. These days, you can't be sure whether or not your job will outlast any loan or debt anyway. American industry closed our plants and took the jobs overseas in their downward rush to the find the most exploitative workplace and the -- cheapest workers which in most cases is CHINESE PRISON LABOR! NOBODY can compete with that! Although I think that the people who take our jobs out of the USA should serve time in those PRISONS! AND IT IS THE BANKING SYSTEM THAT HELPS THOSE GUYS FINANCE THE OUTSOURCING OF OUR JOBS HERE. SO they are getting what they deserve and I am sorry that MY TAX MONEY is bailing out their ignorant, arrogant, STUPID butts. They are just going to gamble this money away too like they did the last money.

Just because your husband got the home in the divorce and the property was deeded to him does not take you off the mortgage loan. You are still responsible for the mortgage loan unless you contact the mortgage company and they take you off (which almost never happens) or your husband refinances in his name only. When the judge awards the home to one spouse, that does not forgive the other spouse of having to paying the mortgage. Ownership and mortgage loan are two separate things. You can be responsible for the mortgage loan without being on the deed. Likewise you can be on the deed without owing on the mortgage. Your signature wasn't needed for the short sale because you were no longer on the deed. Because the bank would not write off the rest of the money from the short sale, you are responsible for the remaining balance because your name was still on the mortgage loan, whether you signed the promissory note or not. Unless you or your ex were given a Satisfaction of Mortgage with the signing of the promissory note, you are responsible. If you had a divorce attorney, shame on him/her for not advising you properly. If you didn't have a divorce attorney, that's why we pay for attorneys. I am not an attorney and the above info is solely from info I have gathered throughout the years.