- Report: #115964
Complaint Review: First Franklin Mortgage - San Jose California
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Author Confirmed
Why?
First Franklin Mortgage
2150 N. First St., Suite 100 San Jose, 95131 California, U.S.A.
Phone:
800-464-8203
Web:
N/A
Categories:
Business Rating:
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First Franklin Mortgage Hours before closing ripoff San Jose California
For a month I was told everything was good for closing on Friday at 9:30 am. Thursday at noon I recieved a call that First Franklin changed their mind on my 100% financing. They now required 5% down, plus all the closing costs. As a single mother with two kids that was not going to happen over night.
Their reasoning??? They could not find 6 comparable sales within a two mile radius. In such a small town at mine that would be almost impossible. We however could find 3 within two and a half. This was not good enough.
I have read several bad report on this company. Do NOT trust them. Or be leary hours before closing. My realtor and the new mortgage company I went with had never heard of such procedures.
Stephanie
Shippensburg, Pennsylvania
U.S.A.
Their reasoning??? They could not find 6 comparable sales within a two mile radius. In such a small town at mine that would be almost impossible. We however could find 3 within two and a half. This was not good enough.
I have read several bad report on this company. Do NOT trust them. Or be leary hours before closing. My realtor and the new mortgage company I went with had never heard of such procedures.
Stephanie
Shippensburg, Pennsylvania
U.S.A.
