First Franklin Loan

I am in foreclosure! First Franklin knew my base pay was only $35,000-42,000 a year when they approved the loan. I didn't realize they added in bonuses which were an extra $36,000 to approve the loan. Then at closing, I was forced to go to the bank and pay an extra amount over $3,000 which I had at the time so I paid it. Then the market fell and I was trying to make it on pay alone. It's my first home. I am very depressed. I would love to save it. I have kept all the original loan papers. I feel cheated. Based on my actual pay, I probably would have been too risky to even get the loan in the first place. At least not for the amount I was approved for.

I have started an application with them in March of 2010 for making homes affordable, which requirements I have complied with. I've sent in all my documents on time and now after 6 months, which they told me was 3 months to complete, I got a letter stating that they need several more items and it must be submitted by 8/28/2010.

They are giving me the run around. Is there anyone who can help me. I ask for help in any way. Another thing that stands out is a receptionist there who told me that this has only happened once that they know of where they help redo there loan.

What shall I do? This is a loan service, not a mortgage company. I am not able to make large payments and lose my home.

I have been working with their making homes affordable program, in which I have been sending documents since March of 2010. When I called to see if there is anything else they need, they told me I have a complete package and it was ready for review board. And then, I got a call. I need something else. I know I qualify. They just won't comply and it is getting hard for me to make it each month. I have been working with them for about four months now. Can you please help me get some answers?

First Franklin loan took money out of my house payment on 3/9/10 and said that I had not provided proof of insurance. After repeatedly providing the proof of insurance at all time during my loan with them they still will not return the $289.00 that was taken from me. It is 6/4/10 this has went on for 1 year two months and 26 days!

I purchased a new home in 2006. In 2007, I found out that property taxes and insurance were not included in the monthly payment. In 2008, I lost job, got behind on payments and came to an agreement to let them deduct 3 equal payments of $1,800 from my savings on the 1st of the month to correct the arrearage.

First month, payment was deducted as agreed. Second month, no payment was deducted. I contacted First Franklin to find out why payment was not taken out and was told there was no record of any kind of agreement and loan was in the beginning proceedings of foreclosure. Tried to work out a repayment plan and was not approved due to unknown reasons. During course of foreclosure, I discovered that original appraisal was inflated by $35,000.

After four years my mortgage co. has decided to escrow my tax payments. There are no taxes owed as they have been paid. They raised my payment 58.70 a month for 230.00 taxes for the full year, an excessive amount. Have been in contact with them several times about this but they just want the money. They are not paying any taxes i am. I guess they must be broke and trying to get extra money from their customers.

My cancer has left me unable to work, I live with my girlfriend whom is not on the loan debt. We have explained over and over that by this refusal leaves us no option but to foreclose, stay in the house probably 9-12 months and them be removed. What possible advantage is that to the company or us? We hear that the mortgage companies have received money to help. This certainly qualifies for help I would think.

Predatory lending with mother n law who is elderly age: 86 refinance to lower mortgage payment mortgage balance was $180k new finance amount was $236k with a arm rate and cash out was only $2000k and now mortgage payment climb thatwas unreasonable to pay and it keeps climbing through the life of the loan now facing foreclosure hearing on 9/13/09 need to stop foreclosure proceeding

interest rates are to high! i want to refinance!

I refinanced my home with First Franklin Mortgage about 5 months ago, and every month on the 1st they start calling me at 8:00 AM and ask me when I will be making the payment. I tell them I will make the payment on the 15th like I have done since the inception of the new loan with them, and they tell me it will be late. (I explain to them that I have until the 16th of the month; after that it is late). They tell me I need to pay today so I tell them I will pay when I pay just like every month. I tell them not to call me because I make my payments on time every month and have ever since I purchased my first home over 15 years ago. I explain to them that I work the 3rd shift and just went to sleep--to quit harassing me.

They sometimes call about 2 hrs. later again to wake me up and tell me the same stuff again; they do this repeatedly every day till about the 13th of the month. In november I told them that what they are doing is considerd harassment and they would be dealt with appropriately. They threatend that they will take my house from me.

One of the checks was to pay off my wife's school loan. When we received the check, it was made out to the wrong company. It was a very large sum of money. I left several messages with the Gentleman who had helped us refinance, but he didn't have the decency to return my call. I finally spoke to a supervisor who said that she couldn't re-issue a check, that we would have to contact the lady who came to the house representing the title company.

Needed to refinance but owed more on my home than it was worth and discovered the appraisal done in 2002 was inflated by 20,000 and contains false information. I got ill and got behind and it has been a nightmare they are going to take my home.

Jan 27th I sent my mortgage payment which was for Feb 2005 in the amount of $400.00. The check was deposited and cleared Feb 7th 2005. Feb 9th started receiving calls from their collections department I reported the check was sent and deposited and faxed a copy of the check to them at 724-957-9032 after sending fax I called back spoke to Eric he reported they received and he would check on the problem. On around Feb 11th I called again spoke to John in customer service he assured me he would check on the problem and get back to me quickly.

First Franklin has a web site where I can check on my account activity also send emails for questions and concerns I sent 2 emails one on the 9th of Feb the other on the 11th requesting an investigation. All this communication I have done and the promises from First Franklin they will get back to me they never did.

On March 9th 2005 I received a letter from First Franklin collections department informing me I should contact HUD for consultation and that my mortgage is now past due 2 months and this letter is an attempt to collect a debt but had now miranda rights front or back. The amount past due totaling $752.86 for Feb + March 2005. On March 10th I again called the collections department and requested to speak to a supervisor I spoke to Mr. Gary Martin I informed him March 2005 mortgage payment was sent and deposited on Feb 7th,2005 in the amount of $400.00. The result was the same as the above would get back to me but as of this date has not!