Fairbanks Capital Corp
Unexplained $2,003 insurance charge appeared on payoff quote at refinance

Believe it or not we never had any problem with Fairbanks, until we wanted to refinance. All of the sudden we had an additional $2300.00 in fees on our payoff quote. Evidently we had been charged $2003.00 for an insurance policy for the year 2001. I made five phone calls over the next days to Fairbanks and was told a different story each time.

Originally I was told by Fairbanks' Insurance service center that the insurance policy was written by Safeco, but for some reason Fairbanks could not provide me with a policy number. When I called Safeco there was no record of our property address having a policy.

When I called back, suddenly our coverage was written by another company and still no policy number was available. Everytime I call, the person I am speaking to, tells me that the last person gave me the wrong info. So we are closing our refinance tomorrow and I think it will take an act of congress to get our money back.

The only thing I fear is who will my loan be transferred to next. I have filed several reports with different agencies and written my states senators and hope they can save other homeowners from this company.

Company: Fairbanks Capital Corp
Country: USA
State: Florida
City: Jacksonville
Address: PO Box 551170

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