Flagstar Bank Foreclosure Help and Loan Modification


Flagstar Bank Foreclosure Help and Loan Modification

One of the biggest banks in the Midwest of America, and is also a leading mortgage lender is Flagstar Bank. Not only do they offer services for wholesale mortgages, they also offer personal and sub-prime loans and have recently started giving mortgage assistance to borrowers who have fallen behind their due dates. This is their way of helping lower the number of foreclosures on book which has been rising since the recent years.

Most of their borrowers are considering loan modification to help them reconstruct their current mortgage, thus making it better and making it muc easier to pay up as well and freeing them from a difficult situation. Mortgage modification also stops foreclosure proceedings, giving the borrower time to get current while working out better rates.

To qualify for a Flagstar Bank loan modification, one should be experiencing a valid financial hardship such as job loss, medical emergencies, or a recent death in the family. Other requirements include proof of income (such as pay stubs or employment certificates), bank statements, and tax forms from the last two years.

Flagstar Bank accepts direct mortgage modification applications or you can do it via their website: https://www.flagstar.com/personal/home-loans/mortgagepaymentrelief.html

To get a financial hardship workout started, complete the Borrower Financial Form1 by using Option 1 or Option 2 below.

Other alternatives for borrowers who aren’t qualified for a Flagstar Bank Mortgage Modification are also available. If the mortgage is still current, a better option may be refinancing, or taking out a new loan to pay off the current one. This helps the borrower take advantage of better rates without having to wait out the loan modification process.

Making Home Affordable

Flagstar likewise offers several options to help qualified borrowers stay in their homes. Making Home Affordable is the centerpiece of our programs to help homeowners.

If your mortgage is either a Freddie Mac or Fannie Mae loan, you may qualify for assistance through the Making Home Affordable programs.

Contact Information:

Flagstar Bank Website and Phone Contacts
Website: flagstar.com
Phone: (800) 447-7181
(800) 945-7700
Fax: (888) 541-2056
Address: 5151 Corporate Drive, Troy, MI 48098

Corporate Headquarters
5151 Corporate Drive
Troy, MI 48098

Construction, Consumer Loan, Home Equity Lines of Credit and Mortgage Payments
Flagstar Bank
Box 371891
Pittsburgh, PA 15250

For Overnight Payments on Mortgage and Consumer Loans Only
Flagstar Bank
ATTN: Retail Lockbox 371891
500 Ross Street, Room 154-470
Pittsburgh, PA 15262

Mortgage Services (800) 968-7700