Victim Location 37407
Type of a scam Other
Potential Fraud
Dear Mr. Ken Ficken:
I found out that you were selling out your company—I was never sent a letter
notifying me at my residence that my finance company KFSR was no longer in business. With such a huge investment–my home, this is very concerning to me and I am sure also to everyone who has bought a home from your company KFSR Financing.
I was made aware of the situation when I tried switching my home owners insurance company this past month, when the new company State Farm notified me that KFSR Financial was no longer receiving phone calls from –anyone. As you know to —to keep my loan in good standing I must have home-owners insurance.
I was forced to keep my old insurance company because no other home-owner insurance companies can reach anyone at KFSR Financial. With-out insurance on our homes we will be forced to lose our houses, or keep the expensive home-owners insurance we have previously. This is really a legal matter.
Can a home- financial lender not have a front door for customers investing so much in real-estate? Do home investors have a legal right to be informed by the lender KFSR of any company changes that directly affect their loans, and home -owners insurance? Why have letters not been sent out to all buyers of Ken Ficken, the Seller of the property- notifying them that KFSR was bought by another company? And why were "We", the buyers never given new phone numbers, and addresses of the new owners?
With-out this essential information the "Buyers", cannot keep their home-owners insurance active. Insurance companies must be able to verifiy home loans when providing home insurance to preferred customers.
This is a legal question, as a home-owner for almost 8 years, with KFSR Financial as my lender…I need to be able to call my financial lender to protect my home, my largest investment….from loss, fraud, or any unseen event.
Mr. Ken Ficken, it has been a pleasure and honor doing business with you for the past 8 years, my young son have reap the rewards of your A plus rating at the ScamPulse.com. Mr. Ficken, you are respected in Chattanooga, and I hope and pray—-you will continue to be a great friend to my little family—and send me a letter–informing me of the changes happening at KFSR.
My new insurance company will be saving me a lot of money but with-out verification, I cannot switch home-owners insurance companies. With-out KFSR Financial new owners to verify my home-owners loan, State Farm cannot confirm my loan at all.
And all the "Buyer", buying from "Seller", Ken Fickens, could potentially lose our homes to this new financial company- because the Financial company neglected to give "Buyers", a phone number and address for home- insurance companies to call, because we all know you cannot keep your home loan, with out home owners insurance- and when financial lenders refuse to provide office numbers for insurance companies…….well, that is not legal or fair, or honest. It forces all home-owners to go with-out home-owners insurance , and forces them to lose their home —-their greatest financial investments, back to the lender….
Most importantly, I need a phone number of the new owners, or operators of KFSR immediately for my home-owners insurance company. Email me right away. Let me know Robins number or have her call me directly,
Thank you,