Fairbanks Capital - LSC - SPS - Equicredit, Patriot Mortgage
Payments Refused for Nine Months, Then Home Foreclosed and Auctioned

In 2001 I lost my home through something known as swapping. I had applied for home loan on my inherited home from my grandmother to purchase a home in the state where I lived Oklahoma. My intentions were to do some repairs to her home and use it as rental property. However I mailed in my first payment in to Fairbanks they told me the loan had been sold to a subsidiary company and they refused to accept my payment. By this time the second payment was due so I mailed both payments to the subsidiary company and I got the same results.

The loan was taken over by Equicredit and they also refused payment due to being sold to someone else. This went on for 9 months all payment attempts refused. They then foreclosed on the home and auctioned it off. The mortgage amount was $44,000 the home was sold for $58,000. After meaningless days on the phone trying to straighten this out during the payment period All was lost. I have tried everything I know to obtain some resolve but nothing has happened. I have disputed Equicredit on my credit report however it was not removed and now Fairbanks has shown up. Is there ANYTHING I Can do??? Help please!!

Company: Fairbanks Capital - LSC - SPS - Equicredit, Patriot Mortgage
Country: USA
State: Utah
City: Salt Lake City
Address: 3815 South West Temple
Phone: 8012932501

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