- Report: #291432
Complaint Review: First Franklin Loan Services - Nationwide
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Author Confirmed
Why?
First Franklin Loan Services
150 Allegheny Center Mall, Pittsburgh, Pennsylvania 15212 Nationwide, U.S.A.
Phone:
800-346-6437
Web:
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Business Rating:
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First Franklin Loan Services HEARTLESS! Pittsburgh Pennsylvania
I bought my home 5 years ago coming out of a car crash relationship, of course, with barely just my savings in tact and a new job. My lender got me an ARM with First Franklin which I was expecting to refinance within 2 years. One year later I lost my job and did some contracting to keep up finances. Being in the computer consulting business, then came the 'OFF-SHORING' all of American corporations decided was a GREAT savings. For them, not for me.
Then, I was in an auto accident and unable to work for over 6 months. Being self-employed and unable to work for 6 months can be damaging, but I managed to pay my mortgage - BARELY. By now my interest rate was up to 11%! Returning to the workplace was difficult. At the pennacle of the real estate market I ren-newed my real estate license. Need I say more.
Not only has First Franklin refused to deal with me on a hardship basis, they are asking me to short sell or foreclose my home. With my credit in the toilet, I can't even get an apartment or a job. The first thing they check is your credit! Forget re-financing. AND, they start calling me on the first day of the month, although I have until the 15th. I was told they do that to people who do not have an automatic withdrawal and they would continue to call everyday until they recieve my payment. The number they call from has been configured to 'NO SOUND' when they call.
If there is any way out of this situation I would take it. I have some overpasses already lined up.
Carolyn
Coppell, Texas
U.S.A.
Then, I was in an auto accident and unable to work for over 6 months. Being self-employed and unable to work for 6 months can be damaging, but I managed to pay my mortgage - BARELY. By now my interest rate was up to 11%! Returning to the workplace was difficult. At the pennacle of the real estate market I ren-newed my real estate license. Need I say more.
Not only has First Franklin refused to deal with me on a hardship basis, they are asking me to short sell or foreclose my home. With my credit in the toilet, I can't even get an apartment or a job. The first thing they check is your credit! Forget re-financing. AND, they start calling me on the first day of the month, although I have until the 15th. I was told they do that to people who do not have an automatic withdrawal and they would continue to call everyday until they recieve my payment. The number they call from has been configured to 'NO SOUND' when they call.
If there is any way out of this situation I would take it. I have some overpasses already lined up.
Carolyn
Coppell, Texas
U.S.A.
2 Updates & Rebuttals
Fraudulent Folks
Sacramento,California,
U.S.A.
When First Franklin lends money it is not up to the brokers, but them also to make sure credit is worthy of their money,,the bank is the lender
#2Consumer Suggestion
Tue, March 10, 2009
I think that this is silly that you are a quote"unquote" X employee, and you feel that the bank is not responsible for lending out bad loans, these are inside jobs and there are folks inside the banks getting paid off and you very well know that so why are you and X employee? huh, did not want to be involed when the feds show up to shut the scam down? what a stupid response, the bank should be held more accountable, the brokers after all submit to them,,,they are not properly screening applications that come in for loans, that is the banks problem, that they have employees XXXX or no XXX passing through bad loans, and the gov is giving back to the banks what the banks created, the money should go to the peoplewho lost their homes to foreclosure scams, not to the banks to create another mess,,,! they created it in the first place, and try and get any of the700 billion bailout it , is a laughing joke, and lots of red tape,,the banks tend to keep the money to recoupe their own lost assests they don'tgive a s**t about ,,,you the person who is in default,,instead of working with folks they want to foreclose,
Caramel17
Claysville,Pennsylvania,
U.S.A.
WHY WOULD SOMEONE LEND YOU $100,000 OR MORE WITHOUT CHECKING YOUR CREDIT?
#3UPDATE EX-employee responds
Sun, January 13, 2008
From what I took from your report, you have and still are in the real estate business? If that is the case you must know how mortgage companies are. What many of First Franklin's customers don't understand is that First Franklin is not the company responsible for drawing up your loan docs, it is your Title Company and the loan officer you are dealing with. First Franklin then just purchases your mortgage.
