Franklin Mortgage Rates

Anyone dealt with First Franklin Mortgage for a foreclosure?

The address says Pittsburg, PA and they are First Franklin Loan Services. We are behind on our payment and don't see how we can pay them due to my husband's job loss and my hours cut at work. We owe April and May's payments. They called today and said if we don't make a payment before the end of May we are in foreclosure. They did a modification for us in Sept. dropped the percentage rate one percent which lowered the payment $60 a month which didn't help us. I asked for help today and they said they can't help us until Sept. I can't believe they won't help us at all. Even when they do help us it'll probably be $60-100 a month drop and that's not enough. So my question is, anyone who's had a foreclosure with this company, how long does it take until you have to be out of the house? Thanks!

Public Comments

1. There is not a time line related to a specific company. It's more house specific as far as amount owed, upside down, location, etc. I have seen people stay in their house for over a year without making one payment. I have also seen 120 days.
2. I agree with Kriss. Since you've already agreed to a loan mod back in Sept, there's nothing left to do but maybe do a repayment payplan. This is exactly why I tell people although you can do a loan mod on your own you should really think about it. It's like going to court and defending yourself instead of getting a lawyer to represent you.