Review and analysis of 83 consumer complaints against Franklin Credit Management
Out of the 83 consumer complaints against Franklin Credit Management Mortgage, 17% were disputed by the consumer (i.e. the consumer was not happy with how Franklin Credit Management responded to their complaint) and 93% were processed in a timely manner. 0% of consumer complaints against Franklin Credit Management resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Franklin Credit Management loan modification,collection,foreclosure March 30, 2016 - My - mortgage was originally with - - -, who went out of business and the servicing of my loan was transferred to Franklin Credit aka -. They have been nothing but a nightmare refusing assistance unless it is in the form of usury. They refuse to comply with California Statues, specifically, the HBOR. My wife and I were so nervous we completed the application for mortgage assistance incorrectly stating the yearly amiount of income the column which called for monthly. Based on that mistake, Franklin Credit demanded $24000.00 down and $1400.00 a month on a $110000.00 which wa... |
Franklin Credit Management loan modification,collection,foreclosure March 8, 2016 - I have a - and - mortgage on my home that I took out in 2006. I have struggled for years to keep up with the monthly payments on both loans. My income has drastically decreased over the last several years and the main source of income was mostly brought in by my husband. We almost lost our home a couple years ago when we fell behind on the first. We were successful at modifying that loan, the payment is still high but we were able to afford it. The result of my declining income led us to then fall behind on our -. This is when our real troubles began. The - is with Franklin Credit ... |
Franklin Credit Management application, originator, mortgage broker January 19, 2016 - - I purchased a home and the home was purchased with a - mortgage, Franklin Credit. -/-/- the home was foreclosed and I moved out -/-/-. I never ever heard from the original mortgage holder. The Franklin Credit company threaten to garnish my pay wages and take me to court if I did not pay them. I paid them over the years, but I was late on the payments. Fast forward to -/-/-, I was planning to purchase a new home, so I called the Franklin Credit company to try and put things in order and to try and catch up on the payments. They told me I could do this and that they would ... |
Franklin Credit Management settlement process and costs December 28, 2015 - Hi, my name is - - ; i am a widow who semi-retired -. I live in -. The Franklin Credit Management bought out my second mortgage a few years ago when my house was upside down - dropped almost half, and placed a lien on my property. I have been trying to settle this since then, but no avail. It is almost upsetting and frustrating how they kept on telling me to counter offer against their offer of $31000.00 as a final settlement, but never mentioned about the expiration date, which was last - -. Had I known that there was an expiration date on their amount, I am 100 % certain... |
Franklin Credit Management loan modification,collection,foreclosure December 22, 2015 - My loans ( - & - ) were originally with - - - - - until they went under and were sold to Franklin Credit Management Corporation who is the servicer for - -, -. I fell behind on my payments on my second mortgage and applied for a loan modification and sent in my documents. I received notification from - - - that I was going into foreclosure and the Trustee was The - Firm. After researching I located the Substitution of Trustee which was dated -/-/2015, however, this document was not recorded until - -, 2015, Three months later, additionally,... |
Franklin Credit Management false statements or representation attempted to collect wrong amount December 9, 2015 - Franklin Credit Management is reporting a foreclosed - mortgage to my credit report with inaccurate dates. They are intentionally leaving this as an open debt to protect me from me from being able to purchase another home. I am unaware of who this company is and lost the property they are referring to in - when I went through a divorce. This is now an unsecured debt. They are erroneously reporting the date of last activity in -. This company has not received any payments from me since -. The account should be in " collections '' instead of an activity account. ... |
Franklin Credit Management loan modification,collection,foreclosure December 7, 2015 - We have tried to communication with our investor on the - lien. - lien Collectors have refused to provide information. ... |
Franklin Credit Management loan servicing, payments, escrow account December 5, 2015 - Predatory Loan with Franklin Credit took a - loan out - 2006. Paid a total of - on a - 15 year loan. The Principal on this loan has not gone down. Still owe - the original interest rate on this loan was 13.750 % the interest rate and the monthly charges fluctuate. ... |
Franklin Credit Management settlement process and costs December 3, 2015 - 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 -... |
Franklin Credit Management settlement process and costs November 27, 2015 - My name is - - ; i am a widow ; semi-retired from -. The FCM bought out my - mortgage a few years ago and placed a lien on my property. I have been trying to settle this since then. It is almost upsetting how they kept on asking me to counter offer against their offer of $31000.00, but never mentioned about the expiration date - -. Had I known that there was an expiration date on their offer, I would have made far better decision. I did not have a regular income, so I was trying to see if I could lower the final amount to borrow lower than $31000.00. I felt very angry at th... |
Franklin Credit Management loan servicing, payments, escrow account November 19, 2015 - I have a loan modification loan for the past 2 or 3 years and i was told that it has taken care of the second on the loan also. i have not seen any negative statements on my credit file concerning this matter. Now i have been sent a letter o notice of default and intent to accelerate against me on my home. it says total payments due for 87 months -/-/2008. the principle is - and interest is -late charges -. I have no idea about any of this claim. all i know is that i had a loan modification and only - bill to pay because it was taken care of by the loan modification. ... |
Franklin Credit Management loan modification,collection,foreclosure October 1, 2015 - I requested mortgage assistance from Franklin Credit Management - - - -, - regarding my defaulted 2nd mortgage and they have not offered my any assistance. ... |
Franklin Credit Management loan modification,collection,foreclosure September 26, 2015 - A letter was sent via certified mail to Franklin Credit Management Corporation regarding an amount owed. This debt represents fraud, unjust enrichment, breach of contract, violations of Civil Code Sections 2924, the Business and Professions Code Sections 17200 and Fair Debt Collections Practices Act, by failing to serve proper notice of default, claiming excessive amounts due are owed, and failing to provide supporting documents. as requested - -, 2015. A - Certified Letter was sent on - -, specifically despite previous letters sent on - -. The - representing Franklin C... |
Franklin Credit Management loan servicing, payments, escrow account September 13, 2015 - On -/-/- notification was sent to me via - party of a NOD that was listed on my property, which is my primary residence from Franklin Credit Management Corporation. I was not notified of such NOD via registered letter as required by law. I have made request for modification in accordance with -, Ca. Franklin Credit Management Corporation has not responded to a letter I requested several documents in a letter dated -/-/- as well as letters dated -/-/-. These were all RESPA, QUALIFIED WRITTEN REQUESTS which have not been responded to within the 20 days. ... |
Franklin Credit Management loan modification,collection,foreclosure June 30, 2015 - COMPLAINT # -After request for help from - CFPB sent - notice of complaint as per CFPB letter dated -/-/-. I have been working with - to settle with Franklin Credit Management - - Lien Holder ) so that a Deed-In-Lieu can be accepted on my property at - - - -, NC -. -/-/- - - informs me that on -/-/- they sent a fax to Franklin Credit an offer to settle. Today I called - credit to verify that they had received the offer and they claim that no offer has been received. Fax number sent was -. I requested that - send another fax with the o... |