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Permalink Reply by Keri Sweetland on March 14, 2012 at 6:54am

Just finished one with Franklin Credit...they are TOUGH...they just revamped their management team so everyone I had left.  Just keep countering back but once they reach an approval, extensions will cost your transaction up to $1K per month to extend so be sure you have a seller & buyer in place that is ready able and willing to come in with extra cash.  However that IF your file is HAFA you MAY have a chance of getting it done with the $6K-it all depends on who the investor is on the loan.  Doesn't hurt to ask if the investor participates in HAFA if the 1st lien is HAFA.  Good luck, if I get any contacts I will update you.  You can try [email protected]  and see if he/she can help.  Kensy Adams 888-327-9900  Good luck

 

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Permalink Reply by Leticia Arteaga on March 14, 2012 at 7:10am

Keri,  Thank you soo much!!   You are absolutely right, they are  TOUGH! I am actually  trying to negotiate a lesser payoff.  I am also trying to see if buyer will contribute as well but the lady I had spoken with said they needed at least $13,000 to release lein.  Why Can't they get the fact that if property forecloses, they will get $0 as opposed to $8,000 I am trying to negotiate?!!  I have escalated file to Board of directors, Thomas Axon.. we'll see what happens

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Permalink Reply by Jessica Griffith on January 24, 2013 at 12:55pm

Leticia, did you ever have any luck with Franklin?

I have a 2nd lien that has been charged off in BK and offered them 8,000.  There are a total of 3 liens and an HOA lien, Franklin Credit said 'the agent is getting a high commission, tell them to pay it'.  Is that even legal for them to say that?  Who can I reach out to?

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