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?
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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!
HELP!
TIffany Abbiate 619-8899-7207
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