Complaint Review: FLAGSTAR BANK - TROY Michigan
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- Author Confirmed
- FLAGSTAR BANK 5151 CORPORATE DRIVE TROY, Michigan U.S.A.
- Phone:
- Web:
- Category: Banks
FLAGSTAR BANK ripoff This is the most heinous company you could ever deal with. TROY Michigan
*Consumer Comment: I have used Flagstar bank and they do scam
*Consumer Suggestion: Use better appraisers
Show customers why they should trust your business over your competitors...
This is the most heinous company you could ever deal with. They review their property appraisals with a management company who deliberately cut the values back so they can screw the borrower.
They don't care about honest appraising and blackball any appraiser who doesn't misrepresent the appraisal to their liking. Call them on their dishonesty and you are thrown off their approved list and are unapprovable as an appraiser. They prefer to use misinformation so they can discriminate and misrepresent. Avoid this company at all cost they are extremely dishonest.
Jerry
dallas, Texas
U.S.A.
This report was posted on Ripoff Report on 03/17/2004 12:09 PM and is a permanent record located here: https://www.ripoffreport.com/reports/flagstar-bank/troy-michigan-48098/flagstar-bank-ripoff-this-is-the-most-heinous-company-you-could-ever-deal-with-troy-michi-84256. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#2 Consumer Comment
I have used Flagstar bank and they do scam
AUTHOR: Stacey - (U.S.A.)
SUBMITTED: Monday, August 29, 2005
We were approved for a mortgage with Flagstar
bank. We found our house and started the
process. Things came up with the house and
decided not to purchase. After telling Flagstar
bank that we decided not to purchase this
particular house, they went ahead with the
appraisal anyways and then charged us $350. We
have refused to pay it and will never deal with
them again.
#1 Consumer Suggestion
Use better appraisers
AUTHOR: Bill - (U.S.A.)
SUBMITTED: Tuesday, August 23, 2005
I have personally worked with Flagstar Bank as a mortgage broker for 15 years and never had one single appraisal cut or even harshly looked at. The problem is that you are using appraisers who are junk. Choose appraisers who don't overvalue properties and you will have no problems. The issue is with you, not with Flagstar. Quit your bitching.
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