- Report: #990575
Report - Rebuttal - Arbitrate
Complaint Review: Flagstar Bank
Flagstar Bank5151 Corporate Dr Troy, Michigan United States of America
Flagstar Bank fraud, insurance fraud, mortgage, insurance policy Troy, Michigan
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
A month later I got a letter from Flagstar saying that my insurance coverage was insufficient and that I'd need to greatly increase my personal policy to cover "betterments and improvements" to the unit... If I did not they'd open a policy themselves and charge me for it. I told them my unit didn't have any improvements (upgraded cabinets, granite countertops etc) and that I was fine with the associations coverage. They said it wasn't an option and that basically I HAD TO essentially get a policy to cover improvements that I did not have.
I spoke to my real estate broker, mortgage broker, insurance agent and the homeowner's association and all of them had the same answer: they'd never heard of anything like that and they suspected it might be fraudulent. Flagstar said this clause was in the documents I signed at closing, but when I asked them to provide me with a copy of the doc I signed that tied me to this, they said they couldn't produce it....amazing. Flagstar, if you're going to rip me off you should at least have your ducks in a row!
Avoid these guys at all costs...I have had a number of mortgages over the years and these guys are the worst mortgage company I've ever dealt with by a long shot.
This report was posted on Ripoff Report on 01/03/2013 10:34 AM and is a permanent record located here: http://www.ripoffreport.com/r/Flagstar-Bank/Troy-Michigan-48098/Flagstar-Bank-fraud-insurance-fraud-mortgage-insurance-policy-Troy-Michigan-990575. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.