I just got an approval letter from Franklin, 2nd lien, saying that they will only release the trust/lien, but will reserve all the rights to pursue the defiency. I have called and tried to talk to a manager and he said that Franklin DOES NOT waive their deficiency rights, is this true? Is there any way to get around this? Or is this their bluff?
Were you ever able to get in touch with anyone that knows what they are doing at Franklin? Because CLEARLY the people answering the phones - calling themselves negotiators have NO CLUE. Need help asap ...
We have a Sale date Thursday and they just declined my file (they are actually going to go through with a FC as the 2nd lienholder). They never even had an appraisal completed (or a BPO for that matter - so I assume they are using Zillow?!) and are claiming they actually have equity ... oh my goodness - I literally feel like I am on candid camera!
TIffany Abbiate 619-8899-7207