In a recent settlement with the state of Massachusetts, Franklin Credit has agreed to make a significant monetary payment of $300,000. This settlement marks a resolution to the issue of “zombie” second mortgages that have been plaguing the state’s real estate market.
Key points:
– Franklin Credit to pay $300,000 to Massachusetts in settlement
– Resolution of “zombie” second mortgages issue
– Agreement reached between Franklin Credit and state authorities
This development underscores the ongoing efforts to address challenges within the mortgage industry and ensure fair practices for all involved parties. For more information on this settlement, visit Weekly Real Estate News for the latest updates.
You can read this full article at: https://wrenews.com/massachusetts-in-settlement-with-franklin-credit-over-zombie-second-mortgages/
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