First Franklin Success Story - Finally! - Loan Modification Forum

CHERYLG55 · 05-27-2008, 10:54 AM

I bought out my ex-fiancee in 5/05 with an Arm at 6.00% - knowing that I would need to re-fi come 6/08 -but not knowing what a MESS I would be in. I called in January and was told - oh, you are way too early but we have a program that will lock in your rate for three years - nothing to worry about - I said SUPER! I am totally current with loan.

I called back in February - oh, you are still too early but I will send out out the paperwork at the end of the month. I filled it all out and mailed in back and fax'ed it right away. They tell me they did not receive it until March 27. On April 3, I was told it could take anywhere up to 45 days??? I had until June 1st when my mortgage will go up $325. - I am cutting it close NOW WITH IT AT $1,447. Anything extra will be impossible. I try and tell to FF this over and over.

I called end of April and they tell me it went to a NEGOIATOR ASSISTANT on 4/17 and to call end of April - still with assistant.......

I wait till mid-May - nothing happening and my patience is wearing thin. Last week, I got a name and her voice mail but she has yet to call me back???? -

In summary, I have tried for the past five months to get this done, I have never been late with my payment, I have a secure job for the past 15 years, I love my home but I can not afford an increase in payments - WHY CAN'T I BE GIVEN THIS LOAN MODIFICATION AND BE DONE WITH IT? Why do I have to go to absolute hell and back??? I am a single parent with two teenagers in school and I really want to keep my house!!

Can anyone help me?

Moe Bedard · 05-27-2008, 04:22 PM

Hi CHERYLG55,

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

I see that you had seen some good contact information from one of our First Franklin Success stories...........

Just wanted to see if you needed any additional information......

Please keep us updated on your progress....

05-29-2008, 09:10 AM

Cheryl,
I too have been waiting forever for a modification. My file is with a negotiator assistant and has been since 04/16/08. I keep calling but get no real answers.

CHERYLG55 · 05-29-2008, 12:10 PM

I HATE THOSE WORDS - NEGOIATOR ASSISTANT - WHAT IS THAT???

Are you on time with your payments - I wonder if that is my problem, I am current???

05-29-2008, 12:24 PM

They wouldn't send me the modification info util I was in default so I started the process after I missed my payment in February and haven't paid since. I received a letter stating that as of 06/01/08 I will be forwarded to the foreclosure department. They keep telling me I am close but that my mod will probably be denied b/c I have no surplus income so I am really waiting for nothing. We are waiting for the official word on the modification but if we are denied we are just going to let them foreclose. They did come to my house to see if we were still living there though.

CHERYLG55 · 05-29-2008, 12:44 PM

Wow - that sucks. This all seems unfair. If they told me in January, I had not chance in hell of getting them to freeze the rate, maybe I wouldn't be sooo mad. But to string us along like this...........

I am not going to miss a payment, even if I have to get a night job. I brought up two kids by myself with no child support in the mid-1990's and had to foreclose and claim bankruptcy. It has taken my 10 years plus to make my credit good again - I can't go thru that again.......besides I LOVE MY HOUSE..........

05-29-2008, 12:50 PM

That is sad, keep on them and don't miss a payment if you don't have to. I regret that we did that. Just keep calling them every few days. This site is full of hope and successes. A few people have had really great results with FF. Go to the sucess forum or do a search for FF or first franklin. They are slow especially when you are on time but they can't stall forever. The squeaky wheel gets the oil!!

CHERYLG55 · 05-29-2008, 02:22 PM

Oh, thanks so much for your kind words and encouragement. It is needed - believe me.

I have gone to the success stories and it did make me feel better! I hope your situation improves, also.

We are all in such a place - where none of us ever meant to be. Well, you know the old saying - God doesn't give you anymore than you can handle!

dalexan62 · 05-31-2008, 02:38 PM

Keep your head up. What I did was get direct contact with my negotiator, he was very helpful and once I contacted him, the process took less than a month to complete. I'll give you a secret here. You can call and tell them that you are working with an agency/non-profit etc. and that you need the negotiator's name/ext. assigned to your case for the agency. Once you get it, contact him/her directly. They are very much willing to help you out. My case with FF stalled until I was able to get to the netogiator. Keep your head up!!!

CHERYLG55 · 06-02-2008, 07:59 AM

Thanks so much for your advice - I think I have a name Linda Muslin is what I believe he said - how do I get their direct number? - If I am wrong about name, I will use your hint - THANKS AGAIN! YOU GIVE ME HOPE!!!

CHERYLG55 · 06-06-2008, 07:44 AM

I HEARD FROM MY NEGOIATOR!!!!!!

She needs the last two recent pay stubs since it has been so long - she said it would take like a week before I knew for sure what they could do but not to pay June mortgage until I talked to her?

She also said final approval was with her supervisor.

Can anyone read into that??? -

schwefls · 06-06-2008, 07:48 AM

Your nearing the end, sounds very promising to me. Keep us posted

RudyJay · 06-06-2008, 04:00 PM

Like Lynn said it sounds real good... Keep the faith...rj

CHERYLG55 · 06-09-2008, 06:20 AM

Ok, I spoke to Linda, my negoiator. She said she would have my numbers by Friday. - It sounds like they will put into my monthly payment, my property taxes which are due Dec 1 - is this normal?

She told me to mail my June mortgage payment and she would heold it in an suspense account for my contribution (my escrow for property taxes) -

Oh, she said this is good for three years - they just changed it

Moe Bedard · 06-09-2008, 08:11 AM

Yes..........for most modifications they do start an escrow account for taxes......

Please let us know when you receive the docs and if you have any questions on them.....

CHERYLG55 · 06-09-2008, 09:26 AM

Thanks, *** - I will! - and after I sign them and mail them back - I AM THROWING A PARTY!!!

Cheryl

Moe Bedard · 06-09-2008, 10:11 AM

I love parties...........you wouldn't happen to be in CO. would you........LOL.

CHERYLG55 · 06-09-2008, 12:02 PM

No, I am in sunny Florida (and hot) - you can commute!! lol

CHERYLG55 · 06-23-2008, 12:35 PM

Well, after a very long fight, I have great news. First Franklin sent me my documents UPS and I notarized and mailed them back.

It was better than I could have hoped for AND I HAVE THIS SITE TO THANK

- Without your encouragement to call, call, fax, e-mail and then call again - THANKS SO MUCH!

I got a three year fixed rate of 5% - my monthly payment is like 42 more than it was BUT it includes my property taxes which is simply wonderful!

Cheryl

Moe Bedard · 06-23-2008, 12:50 PM

Cheryl,

Congratulations!!!!

You Did It!!!!!

Party in Florida!!!!!!

schwefls · 06-23-2008, 02:06 PM

Congratulations Cherylg55:

I am so glad this worked out for you, enjoy and party hardy, you deserve it

elpjohnson · 06-23-2008, 03:18 PM

Congratulations!!! All of your hard work paid off!

RudyJay · 06-23-2008, 03:55 PM

Way to work it... Congratulations.. on your mod...rj

Abbykatesmom · 06-23-2008, 08:53 PM

Cheryl,

That is wonderful news! I am thrilled for you.

AKM

CHERYLG55 · 06-24-2008, 05:02 AM

Thanks soo much for all your help -

*** - party on!!! - just bring your bathing suit - I have the rum!!!

05-27-2008, 10:54 AM	#1 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	First Franklin Success Story - Finally! I bought out my ex-fiancee in 5/05 with an Arm at 6.00% - knowing that I would need to re-fi come 6/08 -but not knowing what a MESS I would be in. I called in January and was told - oh, you are way too early but we have a program that will lock in your rate for three years - nothing to worry about - I said SUPER! I am totally current with loan. I called back in February - oh, you are still too early but I will send out out the paperwork at the end of the month. I filled it all out and mailed in back and fax'ed it right away. They tell me they did not receive it until March 27. On April 3, I was told it could take anywhere up to 45 days??? I had until June 1st when my mortgage will go up $325. - I am cutting it close NOW WITH IT AT $1,447. Anything extra will be impossible. I try and tell to FF this over and over. I called end of April and they tell me it went to a NEGOIATOR ASSISTANT on 4/17 and to call end of April - still with assistant....... I wait till mid-May - nothing happening and my patience is wearing thin. Last week, I got a name and her voice mail but she has yet to call me back???? - In summary, I have tried for the past five months to get this done, I have never been late with my payment, I have a secure job for the past 15 years, I love my home but I can not afford an increase in payments - WHY CAN'T I BE GIVEN THIS LOAN MODIFICATION AND BE DONE WITH IT? Why do I have to go to absolute hell and back??? I am a single parent with two teenagers in school and I really want to keep my house!! Can anyone help me?

05-27-2008, 04:22 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: Waiting Forever for a FF Loan Modification!!! Hi CHERYLG55, Welcome to the forum and thank you for joining......... I see that you had seen some good contact information from one of our First Franklin Success stories........... Just wanted to see if you needed any additional information...... Please keep us updated on your progress.... __________________ 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.

05-29-2008, 09:10 AM	#3 (permalink)
ranjen1 Guest Posts: n/a	Re: Waiting Forever for a FF Loan Modification!!! Cheryl, I too have been waiting forever for a modification. My file is with a negotiator assistant and has been since 04/16/08. I keep calling but get no real answers.

05-29-2008, 12:10 PM	#4 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! I HATE THOSE WORDS - NEGOIATOR ASSISTANT - WHAT IS THAT??? Are you on time with your payments - I wonder if that is my problem, I am current???

05-29-2008, 12:24 PM	#5 (permalink)
ranjen1 Guest Posts: n/a	Re: Waiting Forever for a FF Loan Modification!!! They wouldn't send me the modification info util I was in default so I started the process after I missed my payment in February and haven't paid since. I received a letter stating that as of 06/01/08 I will be forwarded to the foreclosure department. They keep telling me I am close but that my mod will probably be denied b/c I have no surplus income so I am really waiting for nothing. We are waiting for the official word on the modification but if we are denied we are just going to let them foreclose. They did come to my house to see if we were still living there though.

05-29-2008, 12:44 PM	#6 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Wow - that sucks. This all seems unfair. If they told me in January, I had not chance in hell of getting them to freeze the rate, maybe I wouldn't be sooo mad. But to string us along like this........... I am not going to miss a payment, even if I have to get a night job. I brought up two kids by myself with no child support in the mid-1990's and had to foreclose and claim bankruptcy. It has taken my 10 years plus to make my credit good again - I can't go thru that again.......besides I LOVE MY HOUSE..........

05-29-2008, 12:50 PM	#7 (permalink)
ranjen1 Guest Posts: n/a	Re: Waiting Forever for a FF Loan Modification!!! That is sad, keep on them and don't miss a payment if you don't have to. I regret that we did that. Just keep calling them every few days. This site is full of hope and successes. A few people have had really great results with FF. Go to the sucess forum or do a search for FF or first franklin. They are slow especially when you are on time but they can't stall forever. The squeaky wheel gets the oil!!

05-29-2008, 02:22 PM	#8 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Oh, thanks so much for your kind words and encouragement. It is needed - believe me. I have gone to the success stories and it did make me feel better! I hope your situation improves, also. We are all in such a place - where none of us ever meant to be. Well, you know the old saying - God doesn't give you anymore than you can handle!

05-31-2008, 02:38 PM	#9 (permalink)
dalexan62 Member Join Date: Mar 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Keep your head up. What I did was get direct contact with my negotiator, he was very helpful and once I contacted him, the process took less than a month to complete. I'll give you a secret here. You can call and tell them that you are working with an agency/non-profit etc. and that you need the negotiator's name/ext. assigned to your case for the agency. Once you get it, contact him/her directly. They are very much willing to help you out. My case with FF stalled until I was able to get to the netogiator. Keep your head up!!!

06-02-2008, 07:59 AM	#10 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Thanks so much for your advice - I think I have a name Linda Muslin is what I believe he said - how do I get their direct number? - If I am wrong about name, I will use your hint - THANKS AGAIN! YOU GIVE ME HOPE!!!

06-06-2008, 07:44 AM	#11 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! I HEARD FROM MY NEGOIATOR!!!!!! She needs the last two recent pay stubs since it has been so long - she said it would take like a week before I knew for sure what they could do but not to pay June mortgage until I talked to her? She also said final approval was with her supervisor. Can anyone read into that??? -

06-06-2008, 07:48 AM	#12 (permalink)
schwefls New Member Guide & Litton Success Join Date: Jan 2008 Location: New Jersey Posts: 1,090 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Your nearing the end, sounds very promising to me. Keep us posted __________________ Lynn Successful thanks to this forum Loan Safe Guide

06-06-2008, 04:00 PM	#13 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Like Lynn said it sounds real good... Keep the faith...rj

06-09-2008, 06:20 AM	#14 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Ok, I spoke to Linda, my negoiator. She said she would have my numbers by Friday. - It sounds like they will put into my monthly payment, my property taxes which are due Dec 1 - is this normal? She told me to mail my June mortgage payment and she would heold it in an suspense account for my contribution (my escrow for property taxes) - Oh, she said this is good for three years - they just changed it

06-09-2008, 08:11 AM	#15 (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: Waiting Forever for a FF Loan Modification!!! Yes..........for most modifications they do start an escrow account for taxes...... Please let us know when you receive the docs and if you have any questions on them..... __________________ 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.

06-09-2008, 09:26 AM	#16 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! Thanks, *** - I will! - and after I sign them and mail them back - I AM THROWING A PARTY!!! Cheryl

06-09-2008, 10:11 AM	#17 (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: Waiting Forever for a FF Loan Modification!!! I love parties...........you wouldn't happen to be in CO. would you........LOL. __________________ 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.

06-09-2008, 12:02 PM	#18 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Waiting Forever for a FF Loan Modification!!! No, I am in sunny Florida (and hot) - you can commute!! lol

06-23-2008, 12:35 PM	#19 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	First Franklin Success Story - Finally! Well, after a very long fight, I have great news. First Franklin sent me my documents UPS and I notarized and mailed them back. It was better than I could have hoped for AND I HAVE THIS SITE TO THANK - Without your encouragement to call, call, fax, e-mail and then call again - THANKS SO MUCH! I got a three year fixed rate of 5% - my monthly payment is like 42 more than it was BUT it includes my property taxes which is simply wonderful! Cheryl

06-23-2008, 12:50 PM	#20 (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: First Franklin Success Story - Finally! Cheryl, Congratulations!!!! You Did It!!!!! Party in Florida!!!!!! __________________ 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.

06-23-2008, 02:06 PM	#21 (permalink)
schwefls New Member Guide & Litton Success Join Date: Jan 2008 Location: New Jersey Posts: 1,090 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: First Franklin Success Story - Finally! Congratulations Cherylg55: I am so glad this worked out for you, enjoy and party hardy, you deserve it __________________ Lynn Successful thanks to this forum Loan Safe Guide

06-23-2008, 03:18 PM	#22 (permalink)
elpjohnson Successful Homeowner / Loan Safe Guide Join Date: Dec 2007 Location: Gold Country, Northern California Posts: 1,025 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: First Franklin Success Story - Finally! Congratulations!!! All of your hard work paid off! __________________ Erika 10 Month Success Story With Option One.

06-23-2008, 03:55 PM	#23 (permalink)
RudyJay Senior Member Join Date: Apr 2008 Posts: 652 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: First Franklin Success Story - Finally! Way to work it... Congratulations.. on your mod...rj

06-23-2008, 08:53 PM	#24 (permalink)
Abbykatesmom Senior Member Join Date: May 2008 Posts: 75 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: First Franklin Success Story - Finally! Cheryl, That is wonderful news! I am thrilled for you. AKM

06-24-2008, 05:02 AM	#25 (permalink)
CHERYLG55 Member Join Date: May 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: First Franklin Success Story - Finally! Thanks soo much for all your help - *** - party on!!! - just bring your bathing suit - I have the rum!!!

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode