Fairbanks Capital Corporation
Fraudulent interest in payoff, still not enough, still more corruption lets take them down Utah

Have been waiting months to file this report. Finally refinanced away from Fairbanks and not a moment too soon.

As with most of you as soon as our mtg was transferred to them the problems started. Made it to a Federal court where the judge "threw them out of the courtroom" even though they never appeared, presented "their case" by telephone.

As with most of you no payments were applied to the year we were paying, which were always on time, every month, somehow Fairbanks comes up with records that indicate, per their statements (when we did receive them) that we were 12 months in arrears, or so, if you read the statements that way.

Next came no statements in the mail, and thank goodness I was already researching them on the web with this venue. We immediately began the search to refinance.

Pay off requests to Fairbanks began from our new loan officer in January. They never were faxed. Finally in early February we received one from them with a principal and "their" interest, etc. I can't give exact figures as we will pursue action against them but their final pay off figure was $12,000 plus more than our original loan 4 years ago. Also we had the problems like everyone else of them not paying the taxes and insurance which were part of our PITI LOAN. We decided not to take chances and go with the refinance.

GREAT, we thought, this will be done soon. NOT! Loan papers are signed and funds WIRED from title company to them, not good enough, they want more. Title company wires more at our direction. Now they still want more, another 1 month payment to be held for 30 days while they "process the payoff" that they finally accepted. Keep in mind this is now a minimum of 13,000 plus dollars over and above the principal balance of our loan plus another "month" that our title company must hold for them. We are back to square one with where we initially started over 4 years ago when we bought our home, and now owe more than we did when we bought it with the refinance.

To conclude, please in CALIFORNIA, contact HUD, Ftc, all the senators and assembly persons in our state and in your local area your tv stations. I have been in contact with Jayne Miller of WBAL in Baltimore Maryland and will continue on our end here in the Greater Sacramento area with the NBC affiliate KCRA channel 3. Our loan finally closed today so am able to devote as much time as possible to take Fairbanks down for the good people victimized by them in California. Am also going to research class action suit filed in LA end of January.

Please, everyone keep in mind, be careful of how much info you give on these various web sites, attorneys for the rip off mortgage companies may be able to use it against you at the time of court.

Good luck and keep fighting, even if you think it is too late. And if you think the fight is lost for you, please check every avenue available. Don't stop, and know many other people are ready and willing to support your situation and legal actions if needed.

Thanks.

Company: Fairbanks Capital Corporation
Country: USA
State: Florida
City: Jacksonville
Address: 10401 Deerwood Park Blvd

  <     >