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Flagstar Bank LLC TransferFlagstar Bank LLC Transfer - BiggerPockets Flagstar may exercise the "due on sale" clause if the name(s) of the buyer are not the same name(s) as the members identified as the owners of the LLC For clarity; as with a trust, lenders do not exercise the "due on transfer sale" clause when real property is transferred to the SAME individuals in an official capacity (e g Joe and Jane Smith
Anyone use Flagstar Bank? (HELOC) Anyone use Flagstar . . . - BiggerPockets However I searched the bank and it's reviews and found many bad ratings Most sounded pretty petty and about illogical unexpected fees and more about customer service Mind you I am in NY and they have locations all over the USA Didn't see many complaints in NY but very off-putting as a whole No one wants a problematic institution out the gate
Due on sale clause was called by bank!Due on sale . . . - BiggerPockets I wanted to share a recent experience 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
Flagstar Bank requiring personal banking accountFlagstar Bank requiring . . . 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
Flagstar Loan COVID Forbearance OptionsFlagstar Loan COVID Forbearance . . . 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
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