Usacomplaints.com » Business & Finance » Complaint / Review: Fairbanks Capital Corp - Escrow overage not refunded and homeowners insurance lapsed. #35384

Complaint / Review
Fairbanks Capital Corp
Escrow overage not refunded and homeowners insurance lapsed

My home and hazard insurance was escrowed for an entire year. The insurance company sent their bill to them, and they never paid it. I called and faxed several times. They still did not pay it, even though it was plain to see the overage in my escrow. My insurance lapsed. I did not have $500.00 to put out of my pocket at one time to get my own insurance again. Why should I? They had my money. They sent me a letter (documented) stating they were going to send my overage within 20 business days. I had to call. The check was never cut.

I waited 13 more days. During that time, they sent me a check for half of it and used the other half to buy hazard insurance that I had already purchased and was waiting for the $500.00 to put down on. They have never returned my calls. I don't even have the hazard insurance policy. They STOLE my money!!! I have been dealing with them on this for 2 months. My initial mortgage company sold them my mortgage. I should sue them!!



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