For a month I was told everything was good for closing on Friday at 9:30 am. Thursday at noon I recieved a call that First Franklin changed their mind on my 100% financing. They now required 5% down, plus all the closing costs. As a single mother with two kids that was not going to happen over night.
Their reasoning??? They could not find 6 comparable sales within a two mile radius.in such a small town at mine that would be almost impossible. We however could find 3 within two and a half. This was not good enough.
I have read several bad report on this company. Do NOT trust them. Or be leary hours before closing. My realtor and the new mortgage company I went with had never heard of such procedures.
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