loan Mod W/ First Franklin - Loan Modification Forum

StanR · 03-17-2009, 07:41 PM

My wife and I are new to this and just need to know are we in the right forum for this. I'm about to lose my job come April 10 2009 And First Franklin said that I qualify for a loan Mod. But just recently we called only to find out that they shredded our information when I told them that we were working with NACA. So is this normal coming from FF. So I guess legally what can i do other then having to reapply and my ARM will adjust in January 2010. And Why are they making the process longer then it has to be. Also I Went to a Save the DReam Tour given by NACA and I know that these modification. Can be done. Because I'm not looking for another ARM We want a 30yr fix with low Intrest. Is a Modification doable in this case.

Moe Bedard · 03-17-2009, 09:01 PM

Hi StanR,

Welcome to the forum and thank you for joining............

If you are working with NACA and have submitted everything through them..........you wouldn't need to duplicate the file with FF. NACA will negotiate with FF using their modification proposal.........which would be a low fixed rate. Just make sure that you stay in touch with your NACA conselor for updates.............members use the online chat that is available at the top of the NACA site.......or email or phone..

1-888-404-6222
homesave@naca.com

Good Luck!

Keep us posted..............

03-17-2009, 07:41 PM	#1 (permalink)
StanR Junior Member Join Date: Mar 2009 Location: Irmo South Carolina Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	loan Mod W/ First Franklin My wife and I are new to this and just need to know are we in the right forum for this. I'm about to lose my job come April 10 2009 And First Franklin said that I qualify for a loan Mod. But just recently we called only to find out that they shredded our information when I told them that we were working with NACA. So is this normal coming from FF. So I guess legally what can i do other then having to reapply and my ARM will adjust in January 2010. And Why are they making the process longer then it has to be. Also I Went to a Save the DReam Tour given by NACA and I know that these modification. Can be done. Because I'm not looking for another ARM We want a 30yr fix with low Intrest. Is a Modification doable in this case.

03-17-2009, 09:01 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: loan Mod W/ First Franklin Hi StanR, Welcome to the forum and thank you for joining............ If you are working with NACA and have submitted everything through them..........you wouldn't need to duplicate the file with FF. NACA will negotiate with FF using their modification proposal.........which would be a low fixed rate. Just make sure that you stay in touch with your NACA conselor for updates.............members use the online chat that is available at the top of the NACA site.......or email or phone.. 1-888-404-6222 homesave@naca.com Good Luck! Keep us posted.............. __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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