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Due on sale clause was called by bank!Due on sale . . . - BiggerPockets I recently received a letter from one of my lenders (Flagstar bank) calling out a deed transfer I made around 2-3 years ago I transferred a deed via quitclaim from my name into an LLC The loan was secured in my name as it was one of my first 4 Fannie loans They noticed that I had a named insured of my LLC added to my insurance
Flagstar Loan COVID Forbearance Options - BiggerPockets Hi all, Just wanted to post a quick re-cap of the options that were laid out for me during my recent phone call with Flagstar Loans Put my duplex into forbearance at start of COVID and as I am gearing up to move out of forbearance I wanted to assess my options I spoke with four different representatives and received four different responses The first agent told me I had three options pay
Flagstar Bank requiring personal banking accountFlagstar Bank requiring . . . This is a new one for us We received a notice from Flagstar stating that starting in January 2021 they will no longer be accepting mortgage payments from business accounts We set up business accounts for each of our properties (this is the only one with Flagstar) The mortgage is a conventional primary residence for our 4 plex that we house hack It seems ridiculous to us that a bank would
How much will my bank lend me? - BiggerPockets For example, I've used several banks for loans: Flagstar Bank, All Western Mortgage (a broker), PenFed Credit Union (HELOC), NewRez and probably a couple others I'm forgetting None of which I never actually met in person But are you saying to find a local bank branch and physically go in and develop a personal relationship with a banker?
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