Home equity loan or line of credit Settlement process and costs
Franklin Credit Management Mortgage department,
Home equity loan or line of credit Settlement process and costs California
We took out a second mortgage for - for a 15 year loan in 2006 with - - - who sold it to - who sold it to Franklin Credit managment. The initial interest rate was 13.9 %. I made payments for 3 years the Principal stayed at -. I had no contact from this company for 6 years. After 6 years they contacted me 6 months ago saying I had to pay - in back payments or they would foreclose. They then hired The - who put a Notice of Foreclosure on my house. This is a predatory loan. The loan amount never went down. The loan was for 15 years. We will pay them a total so far of the - + the - which will = -.
Franklin Credit Management customer in California
Dec 03, 2015
* Source: CFPB Complaint Database
Franklin Credit Management response to complaint:
Closed with explanation
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