Flip Funding
2026-04-13T13:23:06.033Z
FORMAL WARNING – WRONGFUL FORECLOSURE & PREDATORY LENDING PRACTICESI strongly advise anyone considering doing business with this lender to think twice.What began as a simple transaction recently turned into a prolonged, 20-month ordeal marked by incompetence, lack of transparency, and what I believe to be outright predatory behavior by the lender they choose to broker loans for. From pre-approval to funding, the process was chaotic and deeply concerning. It became clear that I was not dealing with accountable, direct representatives, but rather a fragmented or virtual operation with no clear responsibility.After applying for a straightforward loan modification as someone encouraged at Citadel, I was only told I was ineligible because the lender they use “could not determine the loan type.” AFTER a default lock would block my readily available payments. This is completely unacceptable and suggests serious internal failures. This decision directly pushed my loan toward default—despite the fact that I am fully qualified and able to assume the loan.Repeated requests for proper review have been ignored.As a result, I am now actively pursuing litigation for wrongful foreclosure. The lender proceeded with a foreclosure sale during an active loss mitigation process—an action that raises serious legal concerns. Even more alarming, both their own legal counsel and myself were blindsided by the sale activity as there was no indication by lender that a sale would continue.At the time, the property was under contract and tenant-occupied. The property was taken for much less than the sale. The only reasonable conclusion is that this lender is acting in bad faith and is more interested in taking possession of the property than resolving the loan appropriately.To further highlight the level of disorganization (or worse), a representative of the lender later stated they “do not recall ever issuing a loan at 12.9% in 2023 and to contact the broker: Flip Funding.” That alone should alarm any prospective borrower.I have also since learned that this company does not fund its own loans—something that was never made clear upfront.Let me be absolutely clear:This situation has caused significant financial harm and stress, and I will continue to pursue all legal remedies available.I am publicly requesting that a senior representative or broker from this company contact me immediately to address this matter but I am truly so disturbed any black owned mortgage business is participating in this.Proceed at your own risk.
FORMAL WARNING – WRONGFUL FORECLOSURE & PREDATORY LENDING PRACTICESI strongly advise anyone considering doing business with this lender to think twice... More