Fairbanks Capital Corp
Payments applied to fees, not mortgage, with repeated foreclosure threats

My 72-year-old mother-in-law's house was originally financed with this company, approximately in 1996, by her. Two years ago we reaffirmed with them as they threatened her with foreclosure. Since that time we have had no verification of account status, principal balance, interest applied, or even replies to update payments made. We have corresponded through numerous voice recordings, faxes and even real live people with no assistance.

They continuously tell us we owe them more money or they will take foreclosure steps. We comply with their requests out of fear of my mother-in-law being homeless. Now we find out that the latest payments were not applied to the mortgage but to "fees," and that again we are behind in the mortgage payment and again foreclosure is being threatened by them and their attorney. We do not know what the "fees" are but always made large payments at their request, again out of fear of foreclosure.

Due to my mother-in-law's health and income, town taxes put her in trouble. My wife and I went today to meet with our local town official. We were greeted with a check for taxes due on my mother-in-law's property, paid in full to the tune of $2,200.00, sent via UPS overnight from Fairbanks Capital Corp. out of Salt Lake City, Utah. Now isn't it interesting that we can get no information on her loan (they have a copy of our power of attorney), yet they pursue an MLC and ante up the taxes!

In March they again threatened foreclosure unless we paid an additional $3,000 and upped the payment from $1,000/month to $1,550/month until July. We did this. In September we were told that the payments they received in August and September were not applied to the mortgage but again to fees. We are again being threatened with foreclosure as the payments have not been received on the mortgage. It is an ongoing cycle. We cannot continue this cycle and want to get some resolution quickly.

Skip and Linda
South Dennis, Massachusetts

Company: Fairbanks Capital Corp
Country: USA
State: Florida
City: Jacksonville
Address: 10401 Deerwood Park Blvd
Phone: 8009441212

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