-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UZKkcDKoo9OxdhSwO/fPXEKpU/NOaD4DNVXBspcro3dV6AbJnSv0RV7Qkz5Uqtk+
 jx6PTXYOxrKzSJUYDv0LsQ==

<SEC-DOCUMENT>0001209191-10-027580.txt : 20100513
<SEC-HEADER>0001209191-10-027580.hdr.sgml : 20100513
<ACCEPTANCE-DATETIME>20100513160119
ACCESSION NUMBER:		0001209191-10-027580
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100209
FILED AS OF DATE:		20100513
DATE AS OF CHANGE:		20100513

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WILSON C IVAN
		CENTRAL INDEX KEY:			0001270986

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-19694
		FILM NUMBER:		10828512

	MAIL ADDRESS:	
		STREET 1:		5018 WOOLRIDGE
		CITY:			CORPUS CHRISTI
		STATE:			TX
		ZIP:			78413

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRSTCITY FINANCIAL CORP
		CENTRAL INDEX KEY:			0000828678
		STANDARD INDUSTRIAL CLASSIFICATION:	SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153]
		IRS NUMBER:				760243729
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6400 IMPERIAL DRIVE
		CITY:			WACO
		STATE:			TX
		ZIP:			76712
		BUSINESS PHONE:		2547511750

	MAIL ADDRESS:	
		STREET 1:		6400 IMPERIAL DRIVE
		CITY:			WACO
		STATE:			TX
		ZIP:			76712

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST CITY BANCORPORATION OF TEXAS INC/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST CITY ACQUISITION CORP
		DATE OF NAME CHANGE:	19880523
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-02-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000828678</issuerCik>
        <issuerName>FIRSTCITY FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>FCFC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001270986</rptOwnerCik>
            <rptOwnerName>WILSON C IVAN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5018 WOOLDRIDGE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CORPUS CHRISTI</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78413</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Restricted Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2010-02-09</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>4815</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4815</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>35520</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The stock is restricted stock issued pursuant to the Company's 2006 Stock Option and Award Plan. The restricted stock vests on February 9, 2011 or earlier in the event of the death or disability of the Reporting Person or a change in control of the Company as those terms are defined in the Plan.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>J. Bryan Baker,
Attorney-in-fact for C. Ivan Wilson</signatureName>
        <signatureDate>2010-05-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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