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First Franklin Loan Services Complaint - Unfair
Complaint
PITTSBURG, PENNSYLVANIA -- I have a mortgage with First Franklin. I fell behind due job back issues and other problems. I also sent a check in good faith it was returned. Now I received a package stating they would give an additional 3 months, fixes the return to an adjustable, also send in another $6,985 after I already paid $2,300 for three months. What kind of help is this.
First Franklin has no compassion whats so ever. It is all about the money not helping people.
First Franklin has no compassion whats so ever. It is all about the money not helping people.
Comments:
Posted by msnanny on 2009-02-17:
Sorry but they (like all lenders) are in the business of making money not helping people.
Posted by Disaster Worker on 2009-02-17:
It sounds like you are having a very rough patch right now, and while everyone can sympathize, msnanny is right. There are so many people behind in their mortgages, especially the ARM ones. If your house payment is more than 30% of your take-home pay, you simply can't afford the house. You might try to "short sale" it to get out from the payments and try renting until your financial situation is better. Best of luck to you and hope you can see the light at the end of the tunnel soon.
Posted by Anonymous on 2009-02-17:
DW and msnanny are right. Potential borrowers were sucked in by lenders with 'you deserve it' and 'we care'. Now, when the reality of a borrower's inability to afford the home sets in, the lenders back away, point fingers, and shout 'Deadbeat!'. The lenders made bad loans and knew it at the time. We should have never started 'bailing' them out.
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