First Franklin - Merrill Lynch - Home Loan Services - whatever...

[Joel Fraser]

Hi all, have any homeowners on here had any success getting your interest rate permanently reset with this servicer? Because I have a fixed 10% they say I don't qualify for any assistance. I am currently behind by 2 months with a $2000 a month note and any partial payment I send is being "held" instead of being placed on the loan, so I've stopped throwing away my money...I'm convinced now that this particular company would prefer I be perpetually late and even foreclose rather than readjust my interest rate to something affordable so I can stay in it, just 2 points down is all it would take to keep me home. Perhaps I don't even deserve any help, but I was a bit desperate. I was living in a ghetto war zone and when I was offered a chance to escape to a peaceful and safe environment and to become a first time home owner, I took the bait. I was quoted a different interest rate and found out it was 2 points higher after the ink had dried. "Don't worry, you can refinance in 2 years"...Dumb and trusting...never again.Anyway, I'd really value anyones opinions about working with this servicer, I love my home and I would really like to keep it well into the future if not for the rest of my life. Thank you.