I can not even begin to go into the details of all of the things that Franklin Credit has done but I wanted to speak with some of the other victims about a possible class action suit. It seems to me that they are using the same predatory lending tactics over and over and accumulating a great deal of real estate because of it.
I will say however that they called me on Tuesday of this week and I explained to the loss mitigation rep that we are currently seeking legal representation but was willing to hear the solution he was offering. He sated that it may not be in both of our best interests to go there just yet. Today, Friday I come home from work at lunch to let my dogs out and my neighbor calls to tell me that a whole bunch of cars and two guys with an action sign were just at my home.
After calling back the loss mitigation he said he could not help me with that part but my account was not listed as for sale. He transferred me to the foreclosure department who told me to call the lawyer. I called the lawyer and they told me that Franklin Credit needs to issue a rescindance in order to stop the sale. That they could easily do that on their "new track" system.
Again I called the foreclosure department and the associate I was speaking with was out to lunch, her number was the only foreclosure number I had at the time. So I called loss mitigation one more time, the representative said that in order to rescind the sale I would need to come up with one payment or the attorneys fees.
Foreclosure called me back (after 4 calls) and said that the loss mitigation rep was incorrect ad that I would have to pay the entirety of the lawyers fees in order to get the rescission. I asked for the sum that needed to be paid and was told that they do not have it, but they will request it. Now 3:30 on a Friday I ask if we will be seeing this number before the end of the business day, to which I am told "these things take time". A few hours ago I had no time, I was too late, now these things have time?
I was in tears and a migraine was creeping in fast. So I asked the representative in the foreclosure department to contact me as son as the information for the attorney fees was complete. Looking back I should have asked to speak with the manager, I will be trying for that tomorrow. Now 11 pm and no call.in limbo and wanting to ring someone's neck.
They called me on Tuesday, to "work something out". The loss mitigation department had no knowledge of the sale as apparently, according to the foreclosure agent, they are on different systems. I am currently in contact with an attorney who is very interested in representing me in this case and was quick to see if any other victims would come forward and fight along side. I googled it and here I am. Please, please contact me if you are willing to join a class action suit against Franklin Credit / Tribeca Lending. Either way I am pursuing legal action and trying to save my home in the process, but maybe it could serve a greater good to other victims and potential victims.
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