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Franklin First Financial, Ltd.

Branch

Company Details

Name: Franklin First Financial, Ltd.
Jurisdiction: Rhode Island
Entity type: Foreign Corporation
Status: Revoked Entity
Date of Organization in Rhode Island: 26 Jul 2005 (20 years ago)
Date of Dissolution: 18 Oct 2019 (6 years ago)
Date of Status Change: 18 Oct 2019 (6 years ago)
Branch of: Franklin First Financial, Ltd., NEW YORK (Company Number 1732519)
Identification Number: 000149448
Place of Formation: NEW YORK
Principal Address: 538 BROADHOLLOW ROAD SUITE 401, MELVILLE, NY, 11747, USA
Purpose: MORTGAGE BANKING
Fictitious names: Presidents First Mortgage (trading name, 2009-01-16 - )
SENIOR FUNDING GROUP (trading name, 2008-12-31 - )
Presidents First Mortgage Bankers (trading name, 2008-06-19 - )

Industry & Business Activity

NAICS

522292 Real Estate Credit

This U.S. industry comprises establishments primarily engaged in lending funds with real estate as collateral. Learn more at the U.S. Census Bureau

Companies doing Real estate credit

Agent

Name Role Address
REGISTERED AGENT SOLUTIONS, INC. Agent 222 JEFFERSON BOULEVARD SUITE 200, WARWICK, RI, 02888, USA

PRESIDENT

Name Role Address
FREDERICK L ASSINI PRESIDENT 538 BROADHOLLOW ROAD, SUITE 401 MELVILLE, NY 11747 USA
FREDERICK ASSINI PRESIDENT 538 BROADHOLLOW ROAD, SUITE 401 MELVILLE, NY 11747 USA

Filings

Number Name File Date
201924588960 Revocation Certificate For Failure to File the Annual Report for the Year 2019-10-18
201907060720 Revocation Notice For Failure to File An Annual Report 2019-07-24
201858160010 Annual Report 2018-02-13
201737325200 Annual Report 2017-03-04
201690866910 Annual Report 2016-01-19
201555635190 Annual Report 2015-02-24
201436280620 Annual Report 2014-02-26
201313523240 Annual Report 2013-03-04
201289163800 Annual Report 2012-02-06
201177840130 Miscellaneous Filing (No Fee) 2011-04-05

CFPB Complaint

Complaint Id Date Received Issue Product
1403381 2015-06-03 Credit decision / Underwriting Mortgage
Issue Credit decision / Underwriting
Timely Yes
Company FRANKLIN FIRST FINANCIAL, LTD
Product Mortgage
Sub Product FHA mortgage
Date Received 2015-06-03
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed Yes
Date Sent To Company 2015-06-03
Company Public Response Company believes it acted appropriately as authorized by contract or law
Complaint What Happened I was pre-appreoved for a mortgage in XX/XX/XXXX/XX/XX/2014 with Franklin First Financial. I was directed into an FHA mortgage because of my troubled credit history. I was not made aware of the up front funding fee or the annual insurance premium until days before the closing. Yes, I was provided with disclosures, whether they were provided timely I am not sure, but they were not explained to me, rather I was told I needed to sign them or the loan would be declined. During the course of the process, my lender was not transparent and was often impossible to contact to help answer routine questions. I asked several times a week when I could epxect an estimate on closing costs, I didnt receive the final GFE until 2 hours before the closing. I was quoted 4 % the entire time, I questioned why the application said 4.5 % he said it 's because he had to 'throw any rate in ' to complete the application. The night before the closing I learned this was my rate and there was nothing I could do about it. Mysteriously, an XXXX $ credit appeared on the HUD settlement statement to help offset the increased rate, but this credit went directly to the seller as he was responsible for all closing costs according to the purchase and sales. The lender took well over 2 months to close this loan, which resulted in huge financial penalties to me. I stayed in my home I was renting two months longer than expected and the seller of the property lost his patience along the way and threatened to charge per diem and walk away from the deal many times creating a very stressful situation for me and my family. During the course of this, I recieved a denial letter in the mail after being told by the lender the same day that I would be closing the next week. The underwriter was mistaken, and I had to provide knowledge of rule changes in order for the bank to proceed. The seller, who will be recieving his own series of complaints, held our deposit in his personal account and spent it, prior to closing. We were pre-approved with another lender and wanted to go to him but we could n't do so because our deposit was spent and our seller threated to walk away if we did n't close. Further, the seller was in contact with the closing attorney 's office the day of the closing making changes to the HUD up to 30 minutes before the closing, adding miscellaneous fees and costs to reduce the amount of his closing costs, without my knowledge or consent. At closing, I was asked to write a check for XXXX $ which was the additional deposit amount required when I made a change to the purchase and sales changing the purchase amount from XXXX to XXXX. I already paid this difference via check to the seller and the lender failed to request evidence of this payment prior to closing, so as a result I was forced to pay it again and told to 'ask for it back ' from the seller ( who had been so reasonable throughout. ) I could go on and on, and I 'd be happy to, but I feel that I 've provided enough information to get an inquiry started.
Consumer Consent Provided Consent provided

Court Cases

Docket Number Nature of Suit Filing Date Disposition
1400012 Other Contract Actions 2014-01-08 settled
Circuit First Circuit
Origin original proceeding
Jurisdiction diversity of citizenship
Jury Demand Both plaintiff and defendant demand jury
Demanded Amount 0
Termination Class Action Missing
Procedural Progress pretrial conference held
Nature Of Judgment no monetary award
Judgement missing
Arbitration On Termination Missing
Office 1
Filing Date 2014-01-08
Termination Date 2016-07-20
Date Issue Joined 2014-03-04
Pretrial Conference Date 2014-05-14
Section 1441
Sub Section OC
Status Terminated

Parties
Name Franklin First Financial, Ltd.
Role Defendant
Name JENKINS
Role Plaintiff

Related by officers

REGISTERED AGENT SOLUTIONS, INC.

John H. Duke, Inc. SEA FRESH U.S.A., INC. SYLVAN AGENCY, INC. GEORGE GREER CO., INC. DAVE HANDRIGAN SEAFOODS, INC. ATLAS MINERALS & CHEMICALS, INC. Snyder's-Lance, Inc. LITURGICAL PUBLICATIONS, INC. SCHNABEL FOUNDATION COMPANY EXETER VOLUNTEER FIRE COMPANY, NO.2

Related by address

No related companies by address

Date of last update: 09 Oct 2024

Sources: Rhode Island Department of State

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