Franklin Credit Management Corp

I have on numerous harassment calls from this company. I have empirical data and verifiable proof that I do not owe a red cent. Their money was paid as part of my Chapter 13th bankruptcy program. I successfully completed. To this date, and the time period is from June 2000 until recently December 2010. The amount I have paid them in 10 years is $23,608.08. The "maximum obligation limitation" is $14,809.08. This includes the interest 15.75%, so what I signed was valued at $12,587.75, but the result still the same. This company owes me an overpayment of $8,799.08!

Franklin Credit Management Corporation sent my name to agencies collections and credit reports. All three (3), that I can't get any credit for high risk and delinquency! The state of North Carolina Chapter 13 bancruptcy rules state that a creditor may no longer pursue collection activities when a debtor files for bankruptcy. I want this company to clean my name from credit reports, cease to harrassment in calling me, and reimburse me the amount I have overpaid to them in the amount of $8,799.08.

My husband and I do need assistance in helping us prove we are being scammed into paying off a loan, where the money that we acquired from that loan was not used to pay off our previous debt with Franklin Credit Management Corporation. It was used to pay off a loan in which we had previously received a Satisfaction for dated March of 2005 stamped paid in full, and we also received the IRS 1098 Mortgage Interest Statement to file with our taxes in January of 2006 for interest paid to Franklin Credit Management Corporation in 2005.

The first loan was given to us by an institution named Franklin Credit Management Corporation and the second loan was given to us by a loan institution named Tribeca Lending Corporation and we found out that they are the same company, one the parent company (Franklin Credit) and the other a subsidiary (Tribeca Lending). Please note that Franklin Credit Management Corporation and Tribeca Lending Corporation are the same lending institution who presented themselves as separate lending institutions not related. This happened after requesting Franklin Credit Management Corporation to reconstruct the loan and we were turned down.

I have lived in this house for 51 years, and my parents bought it in 1960 for $6,000.00 (Six Thousand dollars) and in 2006, our property had been assessed at $323,000.00 (Three hundred and twenty-three Thousand Dollars. We live in Brewerytown, a choice and upcoming neighborhood 35 minutes walking distance of Center City Philadelphia near Museums and all sorts of tourists attractions, and the bank wants it. You see, once the housing market becomes lucrative again, it can be worth as much as $500,000.00 (Five hundred thousand Dollars).

As you know, banks are brought out and the loans that they handle are transferred to the new lending institution that is handling it. Franklin Credit/Tribeca Lending has changed hands several times since we acquired the loan with Franklin Credit and is now Wells Fargo. Home Eq, our original debtor, also has changed hands several times and is also now Wells Fargo, which makes it even harder to trace if the trail of banks and transfers are not followed carefully, the scam gets harder and harder to prove.

The attorney we acquired, Mr. Brian ** of Mildenberg and Staulbaum seemed to be in our favour when we acquired him. In fact, he quoted to us that this is a slam dunk, and we felt we could trust him, but later he turned the tables on us and started working with the lending institution, which is no longer Franklin Credit or Tribeca, but it is now Wells Fargo. Our original debtor is Home Eq Servicing, who we went into foreclosure with in 2005. Franklin Credit Management Corporation paid off Home Eq in 2005, and we have a Satisfaction, paid in full document registered and recorded with the Commissioner of Records City of Philadelphia dated March 1st 2005.

Please tell me how we can you pay off the loan in 2005 and make payments to Home Eq a second time in 2006 as Tribeca Lending Corporation and produce another satisfaction in 2006 for a loan that was paid in 2005, and pretend that we never had a loan with Franklin Credit Management Corporation. Another point that is crucial to this case is how after almost five years, Home Eq now Wells Fargo, never said or admitted that they were paid or returned the money to Tribeca stating that they had been paid by Franklin Credit Management Corporation in 2005 the $152,000.00 that was owed. The payment in 2006 of $170,000.00 should have been returned to Tribeca, and why was this payment almost $20,000.00 more than was originally owed?

Another document we have in possession of is a Letter from Home Eq dated May 23rd of 2005 stating that Home Eq has assigned our account a unique account number: a Home Eq account Number ** and a AMC Mortgage Services Account Number ** This letter also serves as a Notice of Service Transfer and has been found to be a useful tool in covering up the scam if not discovered. Both numbers appear on the two Satisfactions enclosed with this letter. Our mistake was to allow Mr. Brian to hold on to our original paper work, so that his secretary could copy them.

This allowed him, at a later time, to claim that he no longer had our paper work and after several attempts by my husband to no avail, we weren't able to get the originals back. I realized he had scanned the paperwork into his computer and claimed he no longer had our originals. This also allowed our attorney to work with Wells Fargo's attorney in trying to scam us by saying that we never had a loan with Franklin Credit Management Corporation and the only loan we had was with Tribeca when Franklin Credit Management Corporation was the original institution that paid off the loan that was paid twice, at two different amounts, (Home Eq) Mr. Brian did not use his proof to help us but he used it to defeat us through collusion with the bank.

Please forgive me for such an involved description of this complex predatory lending and bank fraud case. The circumstances surrounding this case are so intricate that describing all that occurred is nearly impossible to put it all in this document. We can provide you with much more during the investigation, which I hope you will assist us with. There may be many more families that may be experiencing this type of scam.

We have tried the Philadelphia courts and have been threatened with jail for six months and or losing our home if we did not sign a General Release to pay this fraudulent loan. We feel backed up in a corner and we now need your help to supply us with an honest entity to assist us, and hopefully help us and maybe someone else who may be in the same predicament. Along with this blatant show of bank fraud is several forged documents, letters generated by Tribeca Lending Corporation to make it look as though we could afford the loan.

Please Fox News Investigators, we need someone who can help us and wont side with the bank, and someone who is not afraid to go up against Wells Fargo and help us to reveal the truth. We are in the process of abiding by the judge's orders but we want to uncover this type of predatory and bank fraud scam that others may be experiencing the same situation and we want it known. We need someone on your staff or from your news agency to help. We know we are not crazy or foolish, but they have played with the account numbers and forged records to make us pay for a loan that has been paid twice.

We want you to know that we appreciate the job you are doing to reveal scams of this nature by presenting the evidence and allowing the truth to come out and bringing justice to home owners and make public the crimes against unsuspecting victims. Thanking you in advance for helping us uncover this injustice and we hope this will help others who are going through this type of scam especially when it seems no one will help or listen.

I am in the process of refinancing my current mortgage and have been approved for a FHA loan. I have requested the payoff amount of my current mortgage with Franklin Credit. In addition to the principle balance, there are interest charges due as well at the rate of 11.6%. Upon calculating the interest stated on the payoff document, I realized that in addition to the actual interest that should be charged, Franklin included my monthly payment amount as interest as well.

How can they charge me an additional payment with the principle amount and interest? All previous payments made have been applied to interest, with little going to the principle. If interest is calculated on the principle, how can they ADD an additonal payment in the payoff figure? I have had three different payoff amounts over the last three months with the only difference being the interest amount which goes up every time due to the inclusion of a monthly payment amount. When I contacted them, they couldn't explain it to me.

The longer it takes for me to get the correct figures, I risk losing my FHA approval and I cannot afford Franklin Credit's interest rate any longer. I need the lower interest to avoid financial hardship