Complaint / Review
Fairbanks Capital Corp Aka SPS
They tried to steal my home of 17 years and almost made it!

Fairbanks Capital aka Select Portfolio Servicing is a thief, liar and crook company.

I, like so many others i have read here, was a victim of the decietful and illegal practices of this company and barely saved my home of 17 years. When i got one month behind on my payment, I made arrangements to catch the payment up. However when I mailed the payment along with the current payment, both were returned because I didn;t include late fees. This started a ball rolling that ended up with Fairbanks taking my home.

Over the course of time with this company, I had fought illegal placement of insurance when I already had insurance, "lost" payments that cleared my bank, withdrawals from my bank account that had no relation to my payment and that they could not explain, "late" payments, though checks were mailes three weeks in advance and cleared my bank prior to my due dates... You name it, they did it.

I spent all last fall fighting to save my home when Fairbanks foreclosed after spending months refusing to accept "partial" payments and refusing to work out any sort of payment arrangements I could handle. They foreclosed in August, auctioned me off in September.
During this fight, I got a check for about 1/20th of the amount they owed me from the class action lawsuit.
Repeated attempts to get information on the sale and payoff amounts were met with statements like "we don;t have to talk to you", and "it's not your home any more, we don;t give out that information."

It took me until mid December, but I was able to find a company to refinance my home and pay it out of the foreclosure. My interest rate is sickening, and the payment is a real bite, but I have my home and in a year I will be able to improve the financing.

I raised my sons in this house as a single mom, and recently got re married and brought my new husband to live in our home together. He weathered all this with me and never wavered in his faith that we would be able to make it.

Fairbanks is in the business of only one thing - stealing the homes and very lives of homeowners.