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Report: #368726

Complaint Review: FIRST FRANKLIN MORTGAGE - Pittsburghm Pennsylvania Nationwide

  • Submitted:
  • Updated:
  • Reported By: Indianapolis Indiana
  • Author Confirmed What's this?
  • Why?
  • FIRST FRANKLIN MORTGAGE PO BOX 1838 Nationwide U.S.A.

FIRST FRANKLIN MORTGAGE, FIRST FRANKIN HAS PREDITORY MODIFICATIONS TOO! Pittsburgh Pennsylvania

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When my spouse died last August, I contacted First Franklin to see what my options were. For 5 months First Franklin stalled a decision. I called, faxes, wrote letters, and sent emails. In December I continued calling until I spoke with the Resolution Department. They said that they were doing the best they could. They had thousands of calls to deal with.
BUT....They filed Foreclosure in September while I was working with them.

First Franklin agreed to modify my loan but demanded money up front and charged fees that were to be paid in addition to the $15,000 they added for Interest and Foreclosure Filing.

The modification increased my principal by $15,000.
My payments went up over $600 a month. I paid the new payments for 6 months and went broke. My payment was changed to $1900 a month for a home valued at $140,000. They WAY over appraised the home to begin with. My principal is over $195,000.

This company is RUTHLESS!

Widow
Indianapolis, Indiana
U.S.A.

This report was posted on Ripoff Report on 09/01/2008 09:08 AM and is a permanent record located here: https://www.ripoffreport.com/reports/first-franklin-mortgage/nationwide/first-franklin-mortgage-first-frankin-has-preditory-modifications-too-pittsburgh-pennsyl-368726. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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