At the law office of Ira J. Metrick, we have defended borrowers against foreclosures from many different mortgage servicing companies including Flagstar Bank.
About Flagstar Bank
Flagstar Bank is a full-service banking and lending business. Chartered in 1987, today Flagstar has assets of $31 billion, and is the 6th largest bank mortgage originator nationally.
Flagstar Bank Loan Modification Information
Flagstar Bank was ordered to pay $37.5 million in damages in 2014 to mortgage customers and in fines due to mishandling requests for loan modifications and in certain cases, illegally foreclosing on homes. The Consumer Financial Protection Bureau fined the bank $10 million and also ordered them to pay $27.5 million to victims for illegally blocking borrowers’ attempts to save their houses.
A loan modification is your best option for stopping a foreclosure and staying in your home. If you are facing foreclosure on your mortgage serviced by Flagstar Bank, we can determine the type of modification you may be eligible for, and we can give you an estimate of the modification payment terms.
Helpful NJ Foreclosure and Loan Modification Resources
- Foreclosure Defense Overview
- New Jersey Foreclosure Timeline
- New Jersey Sheriff Sale FAQ
- New Jersey Sheriff Sale Timeline
- New Jersey Loan Modification Information
Contact Ira J. Metrick Today to Discuss Your Flagstar Loan Servicing Foreclosure in NJ
If your home is in New Jersey and you are facing foreclosure from Flagstar Bank, contact us today. We can discuss your situation and help you defend the foreclosure and determine if you are eligible for a loan modification. We also offer aggressive representation to assist in the loan modification process.
We can ensure that the lender has followed all proper foreclosure procedures and has not violated your rights as a borrower. These violations can include, but are not limited to:
- Pursuing a foreclosure or sheriff sale while your loan modification application is still being reviewed (also known as Dual Tracking).
- Refusing to honor or review your loan modification.
- Not responding to your loan modification application within 30 days.
- Refusing to accept your mortgage payment or mortgage reinstatement.
- Declaring you in default and threatening foreclosure even though you are up to date on your payments.
If any of these or other situations have happened to you, contact the law office of Ira J. Metrick today to discuss your options.